Wynn spending $100M on land near casino

Wynn spending $100M on land near casino
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Wynn Resorts will spend nearly $100 million to buy properties surrounding its resort casino in Everett as part of an effort to improve the neighborhood that will host the mega-development, CEO Steve Wynn said yesterday.

“We’ve spent over $75 million as of today … on our way to $90 (million), to buy real estate that has nothing to do with the casino development,” Wynn said while speaking at a Greater Boston Chamber of Commerce event. “It’s property that we’re buying so that we can turn Everett into a great example of America, of how a business can change a neighborhood.”

The properties Wynn is targeting are in a small cluster near the entrance of the casino, and include both commercial and residential properties. Public records show just a fraction of the $75 million in finalized sales, but a Wynn executive is listed as the sole signatory for subsidiary corporations on public documents filed with the Massachusetts Secretary of State’s office.

 

Wynn spending $100M on land near casino | Boston Herald

Started working in the Casino Industry in 1985, just never managed to leave as yet. Visited 99% of all UK Casinos, seen them all,

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