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Boston casino now in the hands of voters

Sep. 17, 2014 8:04 AM ETWynn Resorts, Limited (WYNN) StockMGM, WYNN, PENNBy: Clark Schultz, SA News Editor2 Comments
  • Wynn Resorts (NASDAQ:WYNN) won the sole license for a Boston-area casino, despite a rough campaign.
  • CEO Steve Wynn took potshots at state regulators during the process and famously caught a quick nap during one gaming commission meeting.
  • The company and its top exec will likely be on its best behavior with the $1.6B casino project now in the hands of Massachusetts voters.
  • Senator Elizabeth Warren has stated publicly she will vote to repeal the 2011 legislation that approved three casinos in the state.
  • MGM Resorts (NYSE:MGM) and Penn National Gaming (NASDAQ:PENN) have interests in the other two and will be lobbying voters along with Wynn.

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