Mayor silent on how much Encore owes of the yearly $30M

By JOSH RESNEK

The mayor remains exquisitely quiet and without a public answer to one of the most important financial difficulties the city faces.

Has Encore paid up its yearly $30M in lieu of tax payment to the treasury or has it not?

This is the question.

The city needs everything it is owed to fulfill its budgetary requirements and spending initiatives.

Without full payment from Encore – which should be paid like a tax bill on time when due – the city likely faces a shortfall that must somehow be made up.

Last year, the Leader Herald reported that Encore had not paid on time or in full, the $30M owe.

Encore unilaterally said it had begun sending the state the Everett payments and that the state was expected to pass the money on to the city.

Efforts to reach out to the mayor regarding this issue have not been answered.

Continue reading Mayor silent on how much Encore owes of the yearly $30M

Encore Casino has many hands in play

The Everett skyline with Encore and Exelon most visible across the Mystivc River. (Photo by Jim Mahoney)

Officials ordered to appear at city council to discuss safety issues

By JOSH RESNEK

Encore officials have been ordered to explain public safety preparedness and efforts to maintain control at the casino and hotel due to recent crimes committed there.

We all need to know exactly what is being done to protect the public at the casino and hotel,” Councilor Stephanie Martins told the Leader Herald over the weekend.

“It is our duty to look into policing levels and staffing and that’s what. we’re going to do,” Martins added.

Since the casino and hotel opened, and during the down time experienced because of the COVID-19, Encore Boston Harbor has been the site of drug overdoses, suicides, stabbings, shootings, and fights which spread onto the gaming floor as well as illegal gatherings in the hotel during the virus crisis.

The State Police and Everett Police have made more than several hundred arrests at the facility since it opened.

Martins is set to lead the public discussion about public safety with Encore officials. The many crime and public safety difficulties indicate policing problems, according to Martins.

She believes that there are holes in Encore’s generally stringent, and for the most part effective, public safety efforts.

Continue reading Encore Casino has many hands in play

$B Encore suit moves forward

By LEADER STAFF

In an ongoing federal case with billions of dollars at stake and claims of international bribery, political payoffs, shadowy Mafia figures and rampant sexual misconduct, the First Circuit in Massachusetts tried Monday to figure out whether Massachusetts gaming officials made a mistake in choosing who should build the Encore Casino and Hotel.

The discourse between the attorneys was like a book reading from the pages of Walter Pavlo and Josh Resnek’s annotated investigative book to be published in the spring titled, “Encore-Steve Wynn’s Last Encore.”

The battle over the project — a $2.6 billion resort has in one corner Steve Wynn, the billionaire Las Vegas casino magnate who ultimately got the license, and in the other Suffolk Downs, a Boston-area horse-racing track that opened in 1935 and had been viewed as the local favorite.

Wynn came to Everett and fell in love with 33 acres of the most polluted land in the nation, the former Monsanto Chemical site.

Suffolk sued under federal anti-racketeering law, claiming that Wynn and his company should have been disqualified on the basis of bribery, fraud, and other serious misconduct in which they were engaged.

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Wynn Resort’s Maddox optimistic about Encore’s future

MADDOX

Believes that once pandemic eases gaming industry will rebound strong

By JOSH RESNEK

Wynn Resorts Chief Operating Officer Matt Maddox believes that when the worst has passed with the virus, and when the vaccine has been distributed and millions inoculated, that the casino and hotel business will return, and powerfully.

Maddox is an industry legend and leader, who learned nearly all his business skills from his former boss and mentor of 20 years, the founder of the company bearing his name, Steve Wynn.

In a wide variety of interviews given, Maddox recently said that pent up demand will cause Wynn Resorts numbers to soar when all is said and done with the virus.

He understands this like everyone else dealing with the results of the virus; a mountain of restrictions and a travel and convention industry that has gone bust.

“Life won’t always be this way,” he repeats over and over.

In many comments made to industry leaders and Wall Street reporters and to casino analysts, Maddox remains firm in the belief that when the worst has passed, “Watch out!”

Maddox knows of what he speaks.

Wynn Resorts stock price is an indication that many investors believe in gaming and in folks like Maddox.

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Responding to disruptive forces is what truly matters

What will life look like after this?

By Walt Pavlo
For the Leader Herald

A year ago, Everett’s future was about as bright as it had ever been. Looking down Broadway toward Boston one could see a completed casino, a huge bronze building that defined our side of the Mystic river. Then, Everett was on edge and many in the state divided as to whether Wynn would or should get its license because of strong allegations of sexual harassment by its former chairman Steve Wynn and an environment of covering it up. Wynn prevailed, the casino opened and, despite a few scuffles by late-night miscreants, we had 5,000 new jobs in our town.

Now, the casino is closed like many businesses in our town. While Encore is paying its employees for now, something we applaud here at the Leader Herald, we are all experiencing a time of uncertainty. What will life look like on the other side of coronavirus? It will be different.

We are all taking time indoors, for the most part with family, but we have our moments of solitude where we must confront the reality. We are asked to be brave and be strong but it is okay to feel fear, to embrace it for a positive change.

Continue reading Responding to disruptive forces is what truly matters