Vegas casino mogul Steve Wynn is dangling a carrot of a redesigned $1.6 billion Everett gaming palace the likes of which "has never been seen before in any city or country" ahead of Tuesday's referendum on repealing the Bay State's casino law.
"We've taken an approach to Boston that is dramatically different than any casino presentation that has been seen in our industry historically," Wynn told investors yesterday. "Hopefully, the election a week from tonight will confirm that the legislation stands, and the voters of Massachusetts will vote no on Question 3."
Wynn — who has donated $1 million to fight the repeal effort — was tasked by the state Gaming Commission with redesigning his Everett project as a condition of the lucrative casino license it awarded him last month.
The commission said the gleaming resort and hotel tower Wynn envisioned for a contaminated industrial site on the Mystic River didn't capture the same energy as Wynn's projects in Las Vegas and Macau, where Wynn yesterday reported a 5.6 percent drop in revenue for the quarter amid political turmoil and uncertainty in Hong Kong. That was partially offset by a 9 percent gain in Las Vegas revenue, leaving Wynn Resorts with an overall 1.4 percent drop.
The design critique initially rankled Wynn, who mocked a review by the American Institute of Architects that said his design did not fit its surroundings. Wynn mused in a letter: "Perhaps we should have adopted the shape of a fuel storage tank or a big box retailer, notably the surrounding structures of our neighborhood."
Wynn spokesman Michael Weaver said renderings of the new design are not yet complete, and that any changes in the number of proposed hotel rooms or gaming positions "would come later in the process and be reported to the (gaming commission) in our monthly report."
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