and through our upcoming expansion project across the street. “Our next phase of growth in Boston will be driven by database growth.

Being a WynnBET patron grants you a Wynn Rewards membership and allows you to earn FREE CREDIT that can be redeemed at WynnBET, Wynn Las Vegas, Encore Las Vegas, or Encore Boston Harbor. Wynn won the a bid over Mohegan Sun in a 3 to 1 vote in 2011. Wynn Rewards is the rewards program for all Wynn enterprises in the United States, including WynnBET. “The team in Boston has really done a tremendous job, particularly in the casino, but we’re just getting started,” Billings said. Hotel and casino magnate Steve Wynn has had quite a time with his planned Everett casino on the Mystic waterfront. He praised the Everett casino’s 3,400-person workforce, pointing out that the casino posted a record operating profit of $68 million in the final quarter of 2021. “This was a cost-of-capital question first and foremost.” “We weren’t in the market just to raise cash, right?” Billings said. Instead, it was a result of the company looking at the cost of debt, such as raising money through the bond market, and weighing that against the lease costs, among other things. MGM Resorts sold its casino in Springfield, for example, for $400 million last year to MGM Growth Properties, and then leased it back.īillings emphasized in a conference call with analysts that the Everett sale-leaseback was not being driven by a short-term need for cash. Although this is the first such deal for Wynn, sale-leasebacks are becoming increasingly common in the casino industry. Wynn has the option to sell this land across the street, also to Realty Income, for up to six years after the casino sale-leaseback closes.

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