Wynn wins big; Foxwoods and Mohegans try harder

As expected, voters in Everett, Massachusetts, went to the polls, expressed their approval of Wynn Resorts‘ proposed resort — and it wasn’t even close. Opposition was obliterated, 86% to 14%. Where the burghers of tony Foxborough had turned up their noses at Steve Wynn, blue-collar, economically challenged Everett embraced him. With a host-community agreement and a literal vote of confidence in hand, Wynn has lined up his ducks with impressive speed — while the Massachusetts Gaming Commission is beginning to lose patience with other cities — even if neighboring communities like Somerville have to be brought into the fold. (Rival Suffolk Downs is still bogged down in negotiations.) True, a $1.2 billion casino in an East Coast market looks like something of a risk — the cautionary example of overbudgeted Sands Bethlehem is always close to mind — but Wynn’s got the best brand name in gaming, a solid balance sheet and will have the Boston and New Hampshire markets on his doorstep. If Wynn doesn’t get the Boston-area casino license, it’ll be very fishy.

To the southeast, Foxwoods Resort Casino is committing financial seppoku by pitching a $1 billion Massachusetts casino at a time when it’s trying to restructure is not-inconsiderable debt. Why Foxwoods wants to compete with itself, especially at such a steep price, continues to defy understanding. The plan, however, is interesting: a small, low-profile, rural getaway, 90% of which would be devoted to amenities such as “the site would feature ecological zones, native vegetation and expansion of recreational trails.”

Further west, Mohegan Sun pitched a new iteration of its proposed Palmer casino that would be the most ostentatious gaming property in state, if approved. Not only will a second tower be added, but indoor surfing, an artificial river and multiple ziplines would augment the experience, courtesy of the operators of Vermont‘s similar Jay Peak resort. When amusement-park developer Todd Finard says things like, “A guest experience on zip lines could last hours. You could send them tower to tower,” it sounds a bit wacky — but Mohegan Sun clearly thinks it needs to deliver a knockout punch to MGM Resorts International‘s proposed Springfield casino-hotel. (An open-air skating rink seems to be the most that West Springfield wants out of Hard Rock International.) Mohegan Sun isn’t as financially strapped back home as is Foxwoods, but $1 billion is a lot to throw into Palmer.

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