Ah, sweet victory: Steve Wynn’s Everett, Massachusetts casino can finally move forward after having a referendum vote supporting casinos passed away last night.
Residents of Massachusetts have chosen to uphold the state’s three-year-old casino law, voting overwhelmingly in yesterday’s midterms in favor of maintaining the fledgling casino market, while the polls had predicted.
Somewhat confusingly, ‘no’ meant ‘yes’ for casinos on this ballot, as voters were asked whether or not the legislation must certanly be repealed, with 59.5 % to 40.5 percent deciding that no, it will not be repealed, meaning that yes, they wanted casinos.
Some commentators have actually suggested that the language used in posing the relevant question was deliberately muddled and created to confuse.
However, it’s a victory for MGM and Wynn Resorts, who may have had their respective projects given the greenlight by regulators and who can now finally and definitely move forward with the certification process, a privilege for which they will fork out $85 million a piece before a cornerstone that is single laid.
Not surprisingly, casino executives had been jubilant and anxious to emphasize what the casinos will do for their communities that are future.
‘Voters across the Commonwealth of Massachusetts today voiced their support of the 10,000 job that is permanent and significant financial benefits given by the Gaming Act of 2011,’ said pleased MGM Chairman an (more…)