Gaming Commission sets final conditions

Written By Unknown on Kamis, 11 September 2014 | 18.38

The pair of gaming giants battling for the Boston-area casino license have the final conditions from the state Gaming Commission and their written responses — due tomorrow — are their last chance to tilt the panel in their favor before it enters deliberations Monday.

Commissioner James McHugh said he hopes Wynn Resorts and Mohegan Sun "think about the conditions very carefully and respond to us carefully, and give us a considered response for us to judge."

"I have every confidence that they'll do that," McHugh said after yesterday's meeting, at which the developers and the commission went back and forth on the conditions that would be attached to a potential license.

Both companies declined to comment yesterday on the conditions, which include a requirement Mohegan obtain an additional $100 million in equity and Wynn pay up to $20 million — plus $1 million each year — to make up for the impact its Everett casino will have on Sullivan Square in Charlestown. A group of about 50 people held an anti-casino rally last night in Sullivan Square.

Wynn and Mohegan drafted letters designed to convince commissioners to soften the conditions, most of which the board disregarded.

Mohegan asserted the cash from its private equity partner Brigade Capital is enough to start construction, and that the company "will have several months to get the financing in place and will have the $732 million in financing quickly, which we can then deploy" to build a Revere casino.

Wynn insisted, despite commission findings to the contrary, that its project won't worsen the Rutherford Avenue or Main Street ap­proaches to Sullivan Square, and that improvements to the Cambridge Street/Maffa Way/Alford Street inter­section "will mitigate the impacts of Wynn Everett's traffic."

Commissioners signaled yesterday that whatever Charlestown traffic plan it imposes will not go far without buy-in from the city of Boston, which has a deal with Mohegan but withdrew from talks with Wynn, as well as state and federal transportation agencies.

"This has got to be done in a collaborative fashion in the end," McHugh said.

Commissioners also stuck to their insistence that Wynn revisit its project design, a hotel tower and shopping center McHugh called "brooding."

The commission will meet Monday to review the com­panies' responses, and plans to award the license by Wednesday. McHugh shot down the possibility that the panel — due to chairman Stephen Crosby's recusal — could end up in a 2-2 deadlock.

"We have ruled out, from day one, a tie," McHugh said. "We're not going to have a tie."


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