Massachusetts Gaming Commission investigators find Wynn Resorts suitable for gaming license in Everett
Casino magnate Steve Wynn addresses the Massachusetts Gaming Commission while flanked by former Governor William Weld and Wynn attorney Kim Sinatra on December 16, 2013. (Garrett Quinn, MassLive)
on December 16, 2013
SOUTH BOSTON — The investigative arm of the Massachusetts Gaming Commission found Wynn Resorts suitable for the lone casino license in eastern Massachusetts on Monday.
The Investigations and Enforcement Bureau raised concerns about Wynn's business practices in Macau during a commission hearing at the Boston Convention and Exhibition Center, but said Wynn was suitable for a license on the condition that CEO and Chairman Steve Wynn explained the company's business practices in the Chinese territory.
The IEB presented the commission a 200-plus page report on Wynn's background that included portions on the company's practices in Macau as well as the circumstances surrounding the Everett land deal.
Wynn officials, including billionaire founder Steve Wynn, addressed the concerns raised about Macau by the IEB during Monday's hearing.
"You should pick someone who looks like fun," said Wynn after a long defense of his company's practices abroad.
The presentations by Wynn and the IEB will likely be taken under advisement by the commission before they actually declare Wynn officially suitable for a state gaming license. A vote on Wynn's suitability should take place sometime later this week. The next public hearing is scheduled for Thursday though no agenda has been set.
The findings and recommendations by the commission are similar to the ones that occurred in a suitability investigation of the MGM Springfield.
You can read the IEB's full report below.