News

Suffolk Downs No Longer Interested In Boston Casino If Wynn Resorts Loses License

Despite a pending $1B legal challenge, the former owner of the Suffolk Downs horse track is no longer after Wynn Resorts’ Greater Boston casino license.

Sterling Suffolk Racecourse filed a $1B lawsuit last year against Wynn Resorts and the company's ex-CEO, Steve Wynn, for allegedly rigging the application process to win the only license Massachusetts offered to operate a casino in Greater Boston. Wynn Resorts won the bidding process, but the fate of its license has been in jeopardy since the Massachusetts Gaming Commission launched an investigation into the company and how much it knew of Steve Wynn’s alleged sexual misconduct.

If Wynn Resorts loses the license, don’t expect Sterling Suffolk to make another casino play, the Boston Herald reports.

“That ship has sailed,” Sterling Suffolk Chief Operating Officer Chip Tuttle told the Herald. “We’re not a player if it opens back up. We’re not interested.”

The MGC released heavily redacted minutes Friday showing it had critical information in its Wynn Resorts inquiry. The report points to a 2014 U.S. Equal Opportunity Commission complaint filed against Steve Wynn months before Wynn Resorts got its Massachusetts casino license. Tuttle told the Herald he feels the resort company actively tried to withhold that information from Massachusetts gaming regulators.

Despite the risk of losing its ability to open the $2.6B Encore Boston Harbor north of Boston, Wynn Resorts maintains it has cleaned house of executives with ties and allegiance to the company founder. The casino is expected to open in June, pending the findings of the MGC investigation.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

BioMed Sells Cambridge Office At A Loss: The Boston Deal Sheet

U.S. Hotel RevPAR Surges 7% In Q3, But Expect Easing From Here

Penta And Staycity Team Up For £230M Farringdon Aparthotel

Former Randolph Event Venue Planned For 200-Room Hotel, Theater

Gencom-Led Partnership Acquires InterContinental Hotel In Downtown Miami

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

140-Acre Attleboro Golf Course Hits Market, Pitched For Redevelopment

Alexandria Sells Stakes In Megacampuses To Weather Life Sciences Downturn

Nonprofit Developer Buys Mattapan Site For Affordable Housing: The Boston Deal Sheet

Downtown Office Tower Sells At Foreclosure Auction For $260M

JLL Sues Ex-Life Sciences Leader, Alleging Breach Of Noncompete

Prism Scoops Up Largest Hotel Chain In The Netherlands