archBOSTON.org

Go Back   archBOSTON.org > Boston's Built Environment > Development Projects

Development Projects New urban and/or architectural developments in Boston metro.

Reply
 
Thread Tools Search this Thread
Old 05-17-2019, 01:16 PM   #2121
TheMagicMan
banished
 
Join Date: Jun 2014
Posts: 138
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by cadetcarl View Post
Luckily, no one cares.
Tell that to the families struggling to maintain section 8 status in and throughout the city. Most of them are on borrowed time.

No need to live in a city if your poor.

No one cares including the overall public representatives that represent this state.
TheMagicMan is offline   Reply With Quote
Old 05-17-2019, 02:15 PM   #2122
Equilibria
Senior Member
 
Equilibria's Avatar
 
Join Date: May 2007
Posts: 3,630
Re: Encore Boston Harbor Casino | Everett

https://www.bostonglobe.com/metro/20...BmM/story.html

To the surprise of no one, casino owners aren't reliable business partners...

FWIW, I mean for Springfield. Everett will be fine.
Equilibria is offline   Reply With Quote
Old 05-17-2019, 02:16 PM   #2123
DominusNovus
Senior Member
 
Join Date: Jun 2010
Posts: 785
Re: Encore Boston Harbor Casino | Everett

https://www.bostonglobe.com/metro/20...BGMenu_Article

Didn’t see anyone discussing this yet.

Edit: of course I got ninja’d the first time I had a news story to link. Hah.
__________________
The Goal of Mass Transit should be to get you from Bed to Boss to Bar and back again.
DominusNovus is offline   Reply With Quote
Old 05-17-2019, 02:50 PM   #2124
Czervik.Construction
Senior Member
 
Join Date: Apr 2013
Location: NYC
Posts: 1,181
Re: Encore Boston Harbor Casino | Everett

Who gets a gig at the MA Gaming Commission? I see it as a career path in a big gambling state like NV, but in MA? Did they bring people in from NJ and NV or is it a political insiders, cousin of a friend of a guy I know type thing?
Czervik.Construction is offline   Reply With Quote
Old 05-17-2019, 02:51 PM   #2125
tangent
Senior Member
 
Join Date: May 2012
Posts: 1,666
Re: Encore Boston Harbor Casino | Everett

So MGM would also have to sell Springfield... I believe companies are precluded from more than one license.
tangent is offline   Reply With Quote
Old 05-17-2019, 03:44 PM   #2126
HarvardP
Member
 
Join Date: Jul 2018
Posts: 63
Re: Encore Boston Harbor Casino | Everett

What casino exec could look at gambling revenues (in New England, the US, the world, take your pick) and think "The market is begging for another casino!"? Other than Monte Carlo, which even if Encore had plopped their casino on Beacon Hill instead of Everett-by-the-Oil-Tanks is making an apples to oranges comparison, casino revenues are down, visitors are down, and most tellingly, the average age of patrons is rising into Tucker Carlson-viewership territory. So why keep building them?
HarvardP is offline   Reply With Quote
Old 05-18-2019, 05:50 AM   #2127
JeffDowntown
Senior Member
 
Join Date: May 2007
Location: South Cove
Posts: 2,758
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by HarvardP View Post
What casino exec could look at gambling revenues (in New England, the US, the world, take your pick) and think "The market is begging for another casino!"? Other than Monte Carlo, which even if Encore had plopped their casino on Beacon Hill instead of Everett-by-the-Oil-Tanks is making an apples to oranges comparison, casino revenues are down, visitors are down, and most tellingly, the average age of patrons is rising into Tucker Carlson-viewership territory. So why keep building them?
Because even with declining revenue, casinos remain insanely profitable.

And our population demographics are aging into Tucker Carlson-viewership territory too, so that is just following population trends.
__________________
Jeff H.
Downtown, South Cove
JeffDowntown is offline   Reply With Quote
Old 05-18-2019, 12:32 PM   #2128
tangent
Senior Member
 
Join Date: May 2012
Posts: 1,666
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by HarvardP View Post
What casino exec could look at gambling revenues (in New England, the US, the world, take your pick) and think "The market is begging for another casino!"? Other than Monte Carlo, which even if Encore had plopped their casino on Beacon Hill instead of Everett-by-the-Oil-Tanks is making an apples to oranges comparison, casino revenues are down, visitors are down, and most tellingly, the average age of patrons is rising into Tucker Carlson-viewership territory. So why keep building them?
Gone are the days of plunking a casino in the middle of nowhere and automatically making money. 5 minutes from Boston should do just fine though.
tangent is offline   Reply With Quote
Old 05-18-2019, 03:46 PM   #2129
Czervik.Construction
Senior Member
 
Join Date: Apr 2013
Location: NYC
Posts: 1,181
Re: Encore Boston Harbor Casino | Everett

Well, this may turn into nothing. Executives of public companies have a fiduciary responsibility to evaluate reasonable proposals. I work in M&A and companies look at all sorts of stuff that never materializes.
They could be giving the deal some airtime to take the attention off of the harassment, fines, etc.
Czervik.Construction is offline   Reply With Quote
Old 05-20-2019, 05:57 PM   #2130
tangent
Senior Member
 
Join Date: May 2012
Posts: 1,666
Re: Encore Boston Harbor Casino | Everett

Interesting article in the globe. Didn't realize the commission personally fined the CEO and wants to force himto get leadership training. I can see why he would want to sell now. A grand opening while embroiled in a lawsuit with your regulator is going to be a problem.
tangent is offline   Reply With Quote
Old 05-21-2019, 07:52 AM   #2131
TheMagicMan
banished
 
Join Date: Jun 2014
Posts: 138
Re: Encore Boston Harbor Casino | Everett

Looks like Encore wants to just cash out and not deal with the corrupt politics in this state.
Factor in the lack of infrastructure upgrades to help support a development of this magnitude.

I'm sure the politicians or the gaming commission will fine Encore another 50million for the sale of the property. This is probably why they want out.

https://www.bostonglobe.com/metro/20...z0M/story.html

I actually have to give Wynn alot of credit for cleaning up this area.
TheMagicMan is offline   Reply With Quote
Old 05-21-2019, 08:37 AM   #2132
stick n move
Senior Member
 
Join Date: Oct 2009
Location: Dorchester
Posts: 5,702
Re: Encore Boston Harbor Casino | Everett

Wynn trademarked their glass. How the hell would mgm have a wynn casino, would they reclad it?
stick n move is offline   Reply With Quote
Old 05-21-2019, 08:57 AM   #2133
tangent
Senior Member
 
Join Date: May 2012
Posts: 1,666
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by stick n move View Post
Wynn trademarked their glass. How the hell would mgm have a wynn casino, would they reclad it?
Well MGM could merge with Wynn. It is a tangled mess to contemplate.

I think the Mass Gaming Commission just went too far by making it personal and fining Maddox and forcing him to do some stupid training. If I were Maddox I would look at selling and look at a lawsuit against the state.

Either way, the casino law should be changed... turning the Mass Gaming Commission into a star chamber court of political hacks is offensive to the rule of law.
tangent is offline   Reply With Quote
Old 05-21-2019, 08:58 AM   #2134
jass
Senior Member
 
Join Date: Jul 2006
Posts: 4,403
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by stick n move View Post
Wynn trademarked their glass. How the hell would mgm have a wynn casino, would they reclad it?
jass is offline   Reply With Quote
Old 05-21-2019, 09:04 AM   #2135
odurandina
Senior Member
 
odurandina's Avatar
 
Join Date: Dec 2015
Posts: 4,600
Re: Encore Boston Harbor Casino | Everett

The Globe asks with a straight face:

Why would Wynn consider selling its Everett casino when it’s so close to opening?

Quote:
Originally Posted by TheMagicMan View Post
Looks like Encore wants to just cash out and not deal with the corrupt politics in this state.
i think it's really just that uncomplicated. Amazing that the Globe is so reticent to the reality that the Mob Boss is still very much in the picture; and doesn't respond well to these brazen shakedowns. Wynn wants to kick Massachusetts to the curb on general principle. :cheers: Good on them washing their hands of bullshit extortion from this corrupt state.

i agree with the Globe posters' sentiments regarding the saturation of the Casino industry--not to mention the zombie Millennial consumer. Wynn is showing these outrageous fines DO matter. i wouldn't be surprised if there was a sharp drop in Casino revenue nationwide in the coming years, to go along with tourism, antique/classic/ collectible car buying etc, and other quirks of Millennials' buying habits (totally subjective/ what i just happen to believe). But, with the Kendall lab expansion--it stands to reason the hotel is going to be booked solid ~350 days/ year......... How it translates to casino revenue would seem unclear.

/

Last edited by odurandina; 05-21-2019 at 09:30 AM.
odurandina is offline   Reply With Quote
Old 05-21-2019, 09:08 AM   #2136
tangent
Senior Member
 
Join Date: May 2012
Posts: 1,666
Re: Encore Boston Harbor Casino | Everett

Now if there was only a commission that could fine all our state house politicians $100k and force them to go to anti-corruption training.

And then another commission that could fine the ethics board members for being political hacks.

Massachusetts is so corrupt it is too corrupt for casinos...
tangent is offline   Reply With Quote
Old 05-21-2019, 09:22 AM   #2137
TheMagicMan
banished
 
Join Date: Jun 2014
Posts: 138
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by odurandina View Post
i think it's really just that uncomplicated. Amazing that the Globe is so reticent to the reality that the Mob Boss is still very much in the picture; and doesn't respond well to these brazen shakedowns. Wynn wants to kick Massachusetts to the curb on general principle. :cheers: Good on them washing their hands of bullshit blackmail from this corrupt state.

i agree with the Globe posters' sentiments regarding the saturation of the Casino industry--not to mention the zombie Millennial consumer. Wynn is showing these outrageous fines DO matter. i wouldn't be surprised if there was a sharp drop in Casino revenue nationwide in the coming years, to go along with tourism, antique/classic/ collectible car buying etc, and other quirks of Millennials' buying habits (totally subjective/ what i just happen to believe). But, with the Kendall lab expansion--it stands to reason the hotel is going to be booked solid ~350 days/ year......... How it translates to casino revenue would seem unclear.
+1 this was a great post. Encore (the company) has put alot of capital investment into this area only to continue to get pillaged by the state & gaming commission politics. The fine of 35 Million dollars against Encore is very extreme.

The state has endorsed gambling to reap its yearly tax revenue and satisfy the Unions only to not help with a vision for the overall infrastructure in the area for the overall public.

These representatives are just as bad as who they represent.
The casino industry is a dirty industry and this is who our representatives support.

If the state, cities continue to struggle with the pension obligations in this type of economy what happens if or when the economy shifts into something a little more Bearish.

TheMagicMan is offline   Reply With Quote
Old 05-21-2019, 11:11 AM   #2138
Vagabond
Junior Member
 
Join Date: Mar 2017
Location: Somerville
Posts: 15
Re: Encore Boston Harbor Casino | Everett

Lots of politics here... and zero information on the development or the neighborhood. What else is happening on the property? Anybody get a tour with some photos?

Wynn was at one point leasing some of that MBTA yard for construction... Assuming that most of the materials are now IN the building, any word on if those warehouses are up for grabs?
Vagabond is offline   Reply With Quote
Old 05-21-2019, 11:35 AM   #2139
meddlepal
Senior Member
 
Join Date: Sep 2012
Location: Boston
Posts: 1,246
Re: Encore Boston Harbor Casino | Everett

Can we move the Casino Politics chat to a separate thread? I think it's worth discussion, but not in the development thread.
meddlepal is offline   Reply With Quote
Old 05-21-2019, 03:06 PM   #2140
BosDevelop
Senior Member
 
Join Date: Jul 2006
Posts: 1,173
Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by tangent View Post
We If I were Maddox I would look at selling and look at a lawsuit against the state.
A lawsuit claiming what exactly? Maddox is a clown. I was shocked (although I probably shouldn't have been) when the Gaming Commissioners asked him last month at the hearings to name one change Wynn has made with respect to its sexual harassment/assault policies since the Wall Street Journal article broke exposing the allegations against Steve Wynn. Maddox couldn't name a single one. Frankly, he is lucky that he was even found suitable to be one of the names on the Wynn license. There are very serious questions about what he knew about the Wynn rape allegations and the multiple multi-million dollar settlements with alleged victims.
BosDevelop is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Everett and north metro Boston transit FK4 Transit and Infrastructure 30 12-08-2016 11:09 AM
One Harbor Shore Dr. | Fan Pier Parcel H | 1 Harbor Shore Drive | Seaport BeeLine Development Projects 49 10-17-2016 10:02 AM
30 year cleanup of Boston Harbor completed stellarfun Transit and Infrastructure 8 08-22-2016 01:29 PM
Should Boston build a Casino? KentXie General 83 05-01-2012 07:35 PM
BRA Meeting: E. Boston Municipal Harbor Plan briv Boston Architecture/Urbanism Related Events 0 06-23-2008 03:35 PM


All times are GMT -5. The time now is 09:23 AM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.