Steve Wynn Ups His Ante in Boston Casino

Wynn Resorts

Thanks to new additions to its original design, Wynn Resorts will spend $1.75 billion to build a Boston casino instead of the $1.6 billion it originally planned, Chairman and CEO Steve Wynn told The Boston Globe this week.

The Massachusetts Gaming Commission awarded the state's second casino license, and the only casino license in the Greater Boston area, to Wynn Resorts in September. The company intends to develop 30 acres in the Boston suburb of Everett, MA, where plans originally called for a five-star resort with approximately 500 rooms, high-end retail and dining, and meeting space, including a ballroom.

Since September, those plans have evolved to include an extra 130 guest rooms; a showroom featuring live entertainment; a gently curving bronze tower reminiscent of Wynn's Vegas hotels, Wynn and Encore; and a 2,000-pound sculpture of Popeye by artist Jeff Koons, which Wynn purchased last spring for $28 million.

"They want the excitement of Las Vegas?" Wynn said in an interview with the Globe. "We can give that."

Wynn is expected to begin construction on its Everett resort as early as June, with a projected opening of late 2017.

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