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Showing posts with label Steve Wynn. Show all posts
Showing posts with label Steve Wynn. Show all posts

Sunday, January 28, 2018

GOP Silent Over Sex Misconduct Accusations Against RNC Finance Chair Steve Wynn




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27 January 18 PM
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Steve Wynn. (photo: Jessica Rinaldi/Getty Images)
Steve Wynn. (photo: Jessica Rinaldi/Getty Images)

GOP Silent Over Sex Misconduct Accusations Against RNC Finance Chair Steve Wynn

By Ed O'Keefe, The Washington Post
27 January 18

epublican leaders remained silent Friday about allegations of sexual misconduct against casino mogul Steve Wynn, who serves as finance chairman of the Republican National Committee and would not say whether he plans to relinquish his role.
The accusations leveled against the businessman, a rival-turned-confidant of President Donald Trump, gave Democrats an opening to revive attacks on the GOP.
In recent months, Democrats and Republicans have called on the opposing party to return financial contributions or cut ties with prominent individuals accused of sexual misconduct. When allegations against entertainment executive Harvey Weinstein surfaced last fall, RNC Chairwoman Ronna Romney McDaniel and other GOP leaders quickly called on the Democratic National Committee, its House and Senate campaign arms and individual Democratic candidates and lawmakers to refund his thousands of dollars in donations.
Last weekend, McDaniel and Wynn hosted a fundraiser for Trump at his Mar-a-Lago resort to mark the first anniversary of his inauguration. Trump skipped the event, staying in Washington as a partial government shutdown unfolded.
On Friday, the RNC did not respond to requests for comment about a report by the Wall Street Journal that included interviews with dozens of people who have worked at Wynn's casinos or been told of his alleged behavior, including allegations that he pressured some employees to perform sex acts.
With the report, a major business executive now faces the kind of allegations that have led to the downfall of celebrity chefs, movie moguls, pro football team owners and national television news anchors. At least eight members of Congress have resigned or announced plans to retire because of similar misconduct allegations.
Wynn Resorts - the company that bears his name - saw its stock price drop 10 percent Friday in the wake of the Journal's report.
In a written statement, Wynn strongly denied the allegations, saying they stemmed from an ongoing divorce battle with his ex-wife.
"The idea that I ever assaulted any woman is preposterous," Wynn said. "We find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multiyear lawsuits. It is deplorable for anyone to find themselves in this situation."
Asked whether Wynn planned to step down from his RNC role, company spokesman Michael Weaver said, "Neither Mr. Wynn nor the company have any comment on that."
The DNC criticized McDaniel and the RNC for standing by Wynn, noting that when Weinstein was accused, she said candidates and political organizations "shouldn't take money from somebody who treated women with the absolute highest level of disrespect."
Wynn, a onetime business rival of Trump, became head of RNC fundraising operations a year ago next week. The 75-year old is an outsize figure in Las Vegas, best known for bringing resorts with dancing fountains and man-made volcanoes to the Strip before selling the Bellagio, Mirage and Treasure Island hotels, under pressure from investors, to MGM Grand. He later built two glass towers adorned with his signature at the north end of Las Vegas Boulevard.
Wynn has been a frequent presence in Washington since taking the RNC role and is among a cast of several business associates, longtime aides and friends who have fallen in and out of favor with Trump.
The two traded barbs in the press through the 1990s and have faced off in court. In his book "Trump: The Art of the Deal," Trump said, "Wynn is very slick and smooth, but he's also a very strange guy."
Wynn has given more than $1.5 million to the RNC, the National Republican Congressional Committee and other party committees in the past five years, including a donation of more than $450,000 to the National Republican Senatorial Committee in the 2016 cycle. Several leading Republican members of Congress, including Sens. Ted Cruz, Texas, Marco Rubio, Fla., and Patrick Toomey, Pa., have benefited from his cash.
There were signs Friday that the accusations against Wynn could influence ongoing congressional campaigns.
Sen. Dean Heller, R-Nev., the most vulnerable GOP senator seeking reelection this year, received $5,400 from Wynn - the maximum individual amount permitted - in March, according to campaign finance records.
Rep. Jacky Rosen, D-Nev., who is challenging Heller, called the reports about Wynn "horrifying and disturbing." Rosen said the RNC should remove Wynn as finance chairman and called on Heller to demand Wynn's ouster.
As of Friday afternoon, Heller's campaign had not returned requests for comment.
The Indiana Democratic Party urged Rep. Luke Messer, R-Ind., a GOP Senate candidate and fifth-ranking member of the House GOP Conference, to call for Wynn's removal.
Michael Feldman, a spokesman for the Indiana Democratic Party, said Messer "has a real opportunity to live up to his own principles."
Messer is hoping to unseat Sen. Joe Donnelly, D-Ind., but first faces a primary against Rep. Todd Rokita, R-Ind. Messer has never met or received campaign donation from Wynn, a Messer campaign official said.
In 2000, Wynn gave $20,000 to the Democratic Congressional Campaign Committee, according to campaign finance records. Before backing Trump, Wynn donated $2,700 to Hillary Clinton's 2016 presidential campaign.


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Wall Street Journal report on Steve Wynn's sexual abuse of women

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Friday, July 15, 2016

Has Plainridge Park Casino plateaued?




Has Plainridge Park Casino plateaued?





Boston - The latest gaming revenue numbers for Plainridge Park Casino, the lone slots parlor in Massachusetts, are expected to be out later this week.
The slots parlor, run by Penn National Gaming, hit its one-year anniversary on June 24.
But has Plainridge, which in the next few years is expected to face competition inside Massachusetts from resort casinos, plateaued?
The day before Plainridge's anniversary, the Attleboro Sun Chronicle reported that the 1,250 slot machine facility has "paid $75 million in taxes to the state, $4 million in taxes and fees to the Town of Plainville and created more than 500 jobs."
But one professor who crunched some numbers says at the moment, it appears the facility has plateaued somewhat when it comes to monthly revenues.
"It is doing fine," said Paul DeBole, assistant professor of political science at Lasell College in Newton.
The slots parlor is looking at making about $160 million for the first full year of operations, "slightly better than expected," he said in an email.
Plainridge Park Casino saw $13.5 million in May
Plainridge Park Casino, the state’s sole slots parlor, took in $13.5 million in the month of May, according to the Massachusetts Gaming Commission. The gross slots revenue figure is an increase from April but slightly less than what the slots parlor posted in March.

But the bigger question is whether they can make a profit, particularly since it faces a 49 percent tax rate on gambling revenue.
He said Penn National is facing somewhere between six and ten percent profit on investment.
"We saw a huge uptick in revenues in January and February, but they were caused by Plainridge's rather liberal free play promotion," DeBole said in the email. That caused an artificial boost to Plainridge's gross gaming revenue figures.
DeBole predicts that going forward, annual revenues will come in at plus or minus $140 million, at least until resort casinos come online sometime in the next few years.
The Mashpee Wampanoags are building a tribal casino, MGM is constructing a casino in Springfield and Wynn Resorts is attempting to build a casino north of Boston in Everett. (Casino mogul Steve Wynn, during a recent trip to Boston, derided Plainridge as a "box of slots" while he unveiled to reporters a model of his proposed gambling palace.)
Massachusetts voters in November will weigh whether to add a second slots parlor license to the state's 2011 expanded gambling law. The current law authorizes one slots parlor and up to three resort casinos.
Plainridge's main competition right now is Twin River Casino in Rhode Island, which is ten minutes from Providence. Twin River boasts 4,200 video slot machines and virtual table games. It also allows smoking inside, and the gambling age there is 18, while in Massachusetts it's 21 years old.
Penn National hasn't pushed for tax relief in Massachusetts, but DeBole noted that the company is already looking for some for a casino it owns in Bangor while citing a saturated gambling market.
Plainridge, for its part, is staying positive about its future in Massachusetts. The company says they're happy with the results year-to-date.
"We certainly like our momentum," Lance George, Plainridge's general manager, told MassLive.com last month, as the one-year anniversary approached. "We like the start that we're off to for the first four, five months, now we're in our sixth month. We certainly seem to have gathered some momentum as the calendar flips to 2016."
He added: "We had the first four months of the year, successive increase in revenues month over month, over month, over month."
Asked if Plainridge is being taxed too much, Stephen Crosby, the chairman of the Massachusetts Gaming Commission, said, "I don't know anything about their internal arithmetic, but I know that they are generating more revenue per machine than most of the other casino launches in the last one or two decades."
"So they're doing very well by industry standards. So I'm sure they're doing well, too," Crosby said.
He acknowledged that revenues for the last two or three months have appeared to be similar.
"They're making money hand over fist and we got our 75 million dollars this year, so we're happy," he said, referring to the state's cut.
The commission releases Plainridge's monthly revenue reports on the 15th of each month. Numbers for June 2016 are due on Friday.




Wednesday, September 23, 2015

State, cities spar in court over Wynn Resorts casino license





State, cities spar in court over Wynn Resorts casino license

Wynn planning $1.7B resort casino to open in 2018

UPDATED 9:10 PM EDT Sep 22, 2015

BOSTON —Wynn Resorts' Boston-area casino was the focus in court Tuesday as a judge heard arguments in the state's bid to throw out a series of lawsuits challenging its decision to grant the company a gambling license.


Boston, Revere, Somerville, Mohegan Sun and others, in separate lawsuits, say a state commission's decision last year to award Wynn Resorts a gambling license was flawed and corrupt. They want the ruling overturned and the competition restarted.

But the Massachusetts Gaming Commission, which oversees casinos, argued Tuesday that the complaints should be dismissed, because gambling license decisions aren't subject to court review under state law, something casino applicants are well aware of when they apply.

Mohegan Sun's lawyer Kenneth Leonetti countered that the company, which lost to Wynn in the license competition and is a co-plaintiff in Revere's lawsuit, isn't challenging the decision, but everything leading up to it.

"We had the right to expect a fair process," he said. "The whole process violated the statute."

The commission also argued Tuesday that some of the complaints exceed the statute of limitations.

Wynn was awarded the Boston-area license on Sept. 17, 2014, but Boston didn't file its lawsuit until Jan. 5 2015 well past the 60-day window to challenge such decisions, commission lawyer David Mackey said.

"Boston had its chance, and it missed it," he said.

Boston's lawyer Thomas Frongillo maintained the Wynn license wasn't officially awarded until days after the November 2014 election, when a ballot question that would have repealed the state's casino law failed to pass. The commission, he argued, took a vote officially awarding the license Nov. 7. The state's lawyer dismissed that vote on the Wynn license as a mere formality.

Boston also took issue with the state's contention that it lacks legal standing in the case.

Frongillo argued that even though Wynn's casino project is located in Everett, across the river from Boston, the main entry into the roughly 30-acre property is through a road originating in Boston.

"It's the only way in and the only way out," he said. "You don't have a gaming establishment without a way in."

Superior Court Judge Janet Sanders ended Tuesday's session after 2 1/2 hours of arguments and didn't immediately rule.

She had denied the state's previous effort to toss out Boston's lawsuit.

Wynn is planning a $1.7 billion resort casino, hotel and entertainment complex on the site of a former Monsanto chemical plant. It hopes to open in 2018.

Does anyone remember when Foxborough had the sense to say NO! to Steve Wynn? 



Tuesday, June 9, 2015

2012 Recap: Getting snookered!




Today, Atlantic City is the poster child for all that is wrong with Casino Gambling. 

If you think you're different, think again. 




From 2012:

Jobs:
  • There will be short term increase in construction jobs 
  • In Illinois, there are more people on the self-exclusion list than are employed by the casinos.
  • Atlantic City's Unions are encouraging their employees to apply for food stamps. 
  • The Casino's drain money from the local economy and cost more jobs than they bring in. 
  • http://www.saynotocasinos.com/lies/businesses/  [link no longer valid] Steve Wynn, a casino owner once said, “Get it straight…there is no reason on earth for any of you to expect for more than one second that just because there are people here [at casinos], they’re going to run into your store, or restaurant, or bar.” Donald Trump, in an interview with the Miami Herald, said “People will spend a tremendous amount of money in casinos, money that they would normally spend on buying a refrigerator or a new car. Local businesses will suffer because they lose customer dollars to the casinos.”
Revenue:
  • Government sponsored gambling is a failed public policy that isn't working anywhere in the country.  
    • The state of West Virginia is buying new slot machines for their casinos so that they can better compete with surrounding states.
    • Florida has estimated that they will LOSE between $2 and $90 million to support their gambling operations.
    • NH did a study in 2009 on the estimated revenue a casino at Rockingham Park would bring, and they found that the costs would outpace revenue by $60 million.
  • The Governor's Secretary of Economic Development and front man on the casinos, during a meeting with opponents (us on 9/21/11) asserted that the revenue "would cover the costs associated with expanded gaming."  
  • Mohegan Sun is $1.6 billion in debt and their stock is rated at a junk-bond status.  
  • Casino states have higher unemployment and budget deficits than MA. Nevada leads in both those categories as well as suicides.
Crime:
  • Ledyard, CT (home to Foxwoods), has seen a 30-fold increase in calls to 911 since casinos were introduced.
  • CT State Police have seen a dramatic increase in drunken driving arrests, followed by a leveling off of drunken driving arrests.  The leveling off, was followed by an increase in drunken driving DEATHS.  The state police determined that drunken driving occurrences had continued to rise but they did not have enough police resources to CATCH them.


Thursday, April 23, 2015

Lots of smoke around Steve Wynn’s money


Of the aging Nip 'N Tuck King .....




much can be said....





.....the failure of Corporate Media to ask the right questions, report accurate information has defined this issue....the Gambling Industry now OWNS you!






Lots of smoke around Steve Wynn’s money

Steve Wynn.
Globe file 2014
Steve Wynn.



WHEN YOU follow Steve Wynn’s money, there’s no smoking gun.
Just a lot of smoke.
 
On Oct. 1, 2014, Wynn Resorts — the developer of Wynn’s Everett casino — gave $2 million to the Republican Governors Association. That same day, the RGA contributed $1.1 million to Commonwealth Future, the political action committee that backed then Republican gubernatorial candidate — and now governor — Charlie Baker. The next day, Commonwealth Future allocated $1.1 million to purchase TV ads that attacked Democrat Martha Coakley.

Overall, the RGA spent $11.2 million to help Baker become governor. In December, a few weeks after his election, Baker told a Florida conference of fellow Republican governors: “First of all I want to just thank the RGA for your support in both elections. It made a huge difference in our campaign.”

Meanwhile, the Massachusetts expanded gaming law — Chapter 23K Section 46 — specifically bars any gaming license applicant from making a political contribution that directly or indirectly benefits any public office holder or candidate running for public office.

But speaking of smoke, here’s some more from the Massachusetts gambling commission, which is charged with enforcing the law. It formally granted a license to Wynn on Nov. 6, two days after voters rejected a referendum to ban the casino industry from Massachusetts. But because the commission voted to give Wynn a conditional license on Sept. 16, its members do not consider him “an applicant” at the time of his $2 million contribution to the RGA.

It’s not Wynn’s first show of generosity to that organization. Last August, the Globe reported on a $200,000 contribution the casino mogul made to the RGA in December 2013.
Steve Wynn’s political contributions are part of the backdrop to his effort to build the Everett casino.
Quote Icon
To be clear: The RGA transferred millions to Commonwealth Future. There’s no way to prove the exact dollars Wynn gave to the RGA are the same dollars the RGA contributed to the pro-Baker PAC and were then used to buy attack ads against Baker’s opponent.

The case is circumstantial, something like the one against Aaron Hernandez. It goes up against the RGA’s insistence that it accepts only “unrestricted, unearmarked contributions.” In Wynn’s case, a spokesman said, not one cent was directed to any political action committee connected with the 2014 Massachusetts gubernatorial election.

Still, Wynn’s political contributions are part of the backdrop to his effort to build that Everett casino. They also play out against a sharpening focus on the 1.75 acres of Everett land he plans to purchase from the MBTA as the gateway to his casino.

It’s on hold, for now. Earlier this month, the Baker administration withheld a crucial permit from Wynn Resorts, after a top Baker official said the sale violated state law because it was authorized before the appropriate agency conducted a review of traffic and other environmental issues. With the outcome now in Baker’s hands, the details of that transaction are worth reviewing.

In October 2013, then-transportation secretary Richard Davey put a $30 million value on the MBTA parcel. At the time, site improvements were part of Wynn’s proposal to buy the land.

In August 2014, Wynn offered to buy the land for $6 million and Davey signed off on it.

On September 3, the MBTA put the land out to bid, with a stipulation that Wynn had the right to beat any offer. No one else bid on the property.

Now, as the state waits for Wynn to respond to questions relating to the environmental review, the MBTA land is being held in escrow, a Baker spokesman said. Once Wynn files his response, the public will have 30 days to comment.

So far, Baker is standing up for the public interest in the sale of public land.

But the politics are messy for the new governor. Wynn is represented by ML Strategies, a subsidiary of the law firm Mintz Levin. The president and CEO of ML Strategies is Stephen P. Tocco, a former secretary of economic affairs under former Gov. William F. Weld, who was Baker’s old boss. Weld, a “principal” at ML Strategies, sat beside Wynn when he appeared before the state gaming commission.

Tocco said he didn’t know about Wynn’s $2 million contribution to the RGA.

A Baker spokesman declined comment on it.

Somehow, smoke always makes it harder to see what’s going on.

Joan Vennochi can be reached at vennochi@globe.com. Follow her on Twitter @Joan_Vennochi.
  http://www.bostonglobe.com/opinion/2015/04/22/lots-smoke-around-steve-wynn-money/ywBmdrDkH2CzZcJhccezIM/story.html






...and you fell for it!


Saturday, January 3, 2015

Chinese Gamblers See Macau As Bad Bet Amid Corruption Crackdown




Friday, January 2, 2015 - 12:45pm

Friday, November 21, 2014

WYNN: Report: Wynn Resorts probed over breaking money laundering rules





Clark Schultz, SA News Editor

  • Wynn Resorts (WYNN -1.9%) is being probed by federal investigators in Las Vegas and New York for potential violations of money laundering laws, according to the WSJ.
  • Officials with the company say they haven't been formally notified of a probe.
Read comments


Friday, October 31, 2014

Can you trust the PROMISES?





Casino backers, opponents make their cases, door by door

Both sides of the debate have tried to educate voters about the counterintuitive wording of the repeal question.A “yes” vote would block casinos; a “no” vote would allow casinos to open.
Quote Icon
Boston, MA 102514 Anti casino volunteers John Rogers (cq), left, of East Boston and Joseph Catricala (cq), rt, of Revere canvassed potential voters on High Street in Charlestown, Saturday, October 25 2014. (Wendy Maeda/Globe Staff) section: Metro slug: 29casinogroundgame reporter: Laura Crimaldi
Wendy Maeda/Globe Staff

John Rogers (left) and Joseph Catricala took to High Street in Charlestown to talk to residents about supporting Question 3.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Jonathan Wiggs/Globe Staff

Ryan Holmes and LouAnne Zawodny canvassed in Chelsea to encourage voters to oppose the referendum.

Thursday, October 23, 2014

They say one thing and do another...







Steve Wynn has jumped into the fray. After stating earlier this year that he would let voters decide on their own without his influence, he wrote a check for $1,000,015. It's the latest example of casino double speak. Say one thing, and do another.


It's all casino bosses know how to do. Say one thing and do another. We've seen this story unfold in over three dozen states. The claims are that thousands of jobs will come to town, huge sums will return to state coffers, and local economies will rapidly develop.


In reality, the construction jobs come and go and what's left are jobs shifted out of local businesses (and the incomes of local residents) into the hands of out-of-state casino bosses residing in Las Vegas and elsewhere. The only way to avoid repeating history is to defeat the casino industry's plans in Massachusetts right here, right now.




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Repeal the Casino Deal
 
 
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