BOSTON (WWLP) – After an investigation into the sexual misconduct of founder Steve Wynn, Wynn Resorts finally secured its Massachusetts Gaming License and will move forward with their plans to open Encore Boston in Everett.
On Wednesday, the Massachusetts Gaming Commission announced that Wynn Resorts will be able to operate the state’s second full-service resort casino, but only after they pay the state $35 million in fines.
This decision comes after the State Gaming Commission conducted an extensive investigation into sexual misconduct allegations against Wynn Resorts’ Former CEO and founder, Stephen Wynn.
The Commission failed to find enough evidence that current operators covered up what they knew about Wynn’s activities, and voted to approve Encore Boston’s casino license.
Encore Boston is set to open June 23, and it’s estimated that they will employ more than 5 thousand Massachusetts residents.
The 27 story hotel will feature 15 restaurants, a spa, convention center, and a public harbor walk. The company said the gaming floor will include more than 4,000 gaming options.
Encore Boston officials expect about 8 million visitors per year, which could take some of the foot traffic away from MGM Springfield.
Officials at MGM have yet to comment on the opening of a casino at the other end of the state, but gaming experts said the new casino will likely top MGM’s first-quarter earnings.
Lawmakers estimate that Encore Boston will bring in more than $100 million in tax revenue for the next budget cycle.