Legislation in 2011 paved the way for the development of large-scale commercial casinos. A winding roadįBT Everett Realty purchased the industrial wasteland site in 2009 for $8m before casino gambling became legal in the state. The court ruling also stated that FBT misled the gambling regulator’s investigators who were examining links with Lightbody. The Massachusetts Supreme Judicial Court ultimately decided that this supposed deal is not enforceable as it was concealed from the MGC and as a result violates public policy because it threatens public confidence in the integrity of the gaming licensing process. Wynn never paid the $19m the aim of the lawsuit was to force the company to pay up. The alleged secret payment would represent his cut of the $40m that was taken off the final purchase price by the MGC. The aim of the lawsuit was to force the company to pay upĪnthony Gattineri owned 49% of FBT and claimed that then-Wynn Resorts Development Senior Vice President Robert DeSalvio promised to pay him $19m in return for him agreeing on paper to the $35m sale.

The initially agreed upon price for the Encore Boston Harbor casino resort site was $75m before the Massachusetts Gaming Commission (MGC) capped the deal at $35m due to concerns over potentially undisclosed links between the seller FBT Everett Realty and Charles Lightbody, an individual with alleged ties to organized crime. Wynn Resorts does not have to pay $19m as part of a supposed secret land sale.

Encore casino in boston