Wynn Details Massachusetts Casino

By Bob Salsberg

BOSTON -- Las Vegas casino owner Steve Wynn unveiled details Friday of a proposed Massachusetts resort casino he hopes to develop near the home of the New England Patriots.

Wynn mailed a brochure and 20-minute DVD to thousands of Foxborough households explaining the proposal, which has met resistance from many residents who are worried that it will add to traffic congestion and crime in the town about 25 miles south of Boston.

An artist's rendering depicts a sprawling, six-story building that resembles a rustic lodge, rather than a high-rise Las Vegas-style casino. It would be built on vacant land across from Gillette Stadium that would be leased from Patriots owner Robert Kraft.

Wynn, the billionaire CEO of Wynn Resorts Ltd ( WYNN), had earlier pledged that the proposed casino would fit the character of the town and would not be as large or flashy as the typical Las Vegas casino.

> > Bull or Bear? Vote in Our Poll

In a letter accompanying the brochure and DVD, Wynn said the casino would benefit the town "both socially and economically." He said the plans included a luxury hotel, convention space, more than 5,000 covered parking spaces, a public skating rink, high-end shops, a spa, fine dining and casual restaurants, and a performance theater.

AP
This image released Friday, March 2, 2012 by Wynn Resorts shows an artist's rendering of a proposed resort casino in Foxborough, Mass.

The casino would create more than 4,000 permanent jobs and about 10,000 construction jobs, Wynn wrote, and it would generate between $10 million and $15 million for Foxborough that could be used to lower property taxes or invest in other town services. He also said an agreement could be reached with the town to cover public safety and other costs associated with the casino and that a study would be done to determine the traffic impact.

"We're excited by the design and the unique opportunity the Wynn Resorts project presents for long-term economic growth in Foxborough," Kraft Group spokesman Dan Krantz said.

"Since bringing forth the idea in December of last year, Wynn Resorts has followed through on a commitment to generate renderings and estimate the resort's direct tax benefits. As we anticipated, the design and décor assimilates to its surroundings, and is likely in stark contrast to the Las Vegas-style high-rise that some may have envisioned," he said.

If you liked this article you might like

China's Golden Week Holiday Set to Unleash Gambling Explosion

Opposition Party Makes Political Gains in Macau, Changes in Governance Possible

When it Drops, it's Time to Shop: Cramer's 'Mad Money' Recap (Tuesday 9/12/17)

RH, Walt Disney, Wynn Resorts, Nvidia: 'Mad Money' Lightning Round

Typhoon Hato Washes Out Macau With 124 mph Winds, Dries Out Casino Stocks