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Stock impact report

Expansion of Encore Boston Harbor casino in Everett suspended due to impasse [Yahoo! Finance]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: Yahoo! Finance
Wynn had been seeking to build a new facility across Broadway from the $2.6 billion casino that opened in 2019 as the first phase of an expansion meant to contribute to the emergence of a new entertainment district in Everett. The initial expansion planned a dedicated poker room, a second sports betting parlor, a relocated nightclub, a theater, a comedy club, parking garage and more. It had been advancing as the city also works to clear the way for a professional soccer stadium in the same neighborhood. “We remain optimistic about the project fulfilling the city's and our shared goal of developing an exciting and vibrant destination district on Lower Broadway with restaurants, hotels, theaters, and other recreational uses. However, it has become apparent that we are unable to negotiate an agreement with the City of Everett regarding property taxes, impact fees, and infrastructure improvements in a timely fashion,” the company said in a statement that replaced the website for the pr Show less Read more
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