So, what’s happening in the state that Steve Wynn considers his new cash cow – or will be as soon as he can clean up the dump in Everett that his casino will inevitably be sitting on.
Here’s a few things that passed by my desk these recent SNOWY weeks:
1) The Mashpee Wampanoag tribe, whose ancestors negotiated peace with the Pilgrims, still considers its chances for a casino good, but while they await the Interior Department’s decision on its land-into-trust application, commercial applicants for Massachusetts’ third casino-resort license met with the state’s gaming commission on Feb. 5. They seem to stay hopeful while they are beginning to get squeezed out by the applicants during their wait. This will be looked into more in depth later.
2) Though the chemical plant in Everett where Steve Wynn is building his casino, has been closed for 20 years with remnants of the past contamination remaining from the previous manufacturing of jet engines and household cleaning chemicals an area so famous for its frequent chemical spills it was known as “Chemical Lane.” It is likely that health risks could still be present, particularly if new construction helps to stir up long-buried residue. However, remediation is expensive. Steve Wynn, the developer of the upcoming Everett casino, estimates that the process will take several months and cost as much as $30 million. But by the time the process is complete, Wynn says that damaged marshes and coastal vegetation will be restored, while arsenic and lead in the soil will be removed. For long-time residents, this is welcome news.
3) New York-based developer KG Urban Enterprises has maintained a consistent interest in the Southeastern casino license with hopes of putting a casino in New Bedford. Not only that but, former NBA Commissioner David Stern spoke for KG Urban at a Massachusetts Gaming Commission meeting saying Foxwoods is interested in partnering on the New Bedford property, and that the company is also in talks with two other gaming organizations to operate a casino there. Stay tuned to this this group. It was David Stern who was in favor of expanding sports betting outside Nevada.
That’s all for now.