Massachusetts state regulators have given the Encore Boston Harbor resort and casino the go-ahead to open in June, as scheduled. Its developer, Wynn Resorts Limited (NASDAQ: WYNN), was told it would be allowed to keep its state gaming license after the conclusion of an investigation into sexual harassment complaints against the company’s billionaire founder, Steve Wynn. Wynn Resorts is highly invested in the development’s success, which cost $2.6 billion dollars to build.
The Encore development is in the city of Everett, a working-class city of about 45,000 people across the Mystic River from downtown Boston. The company has committed to hiring about 6,000 people to work at the complex. It has also committed to working with local businesses. For example, local craft beers will be served at the Encore’s numerous restaurants and bars.
The Encore has a 210,000 square-foot casino with more than 3,000 slot machines and a 37,000 square-foot ballroom. Its 671 guest rooms range from about $500 to about $2,000 per night, depending on season, demand and room type. Its 21,000 square-foot waterfront lawn has 1,000 pine, maple, weeping cherry and pear trees; tens of thousands of shrubs, and 50,000 flowers that will be changed seasonally. Half of the gardens will be irrigated with rainwater runoff from the building.
The expectation is that the Encore will draw locals, national and international guests. The team thinks the resort and casino will benefit from its proximity to Logan International Airport and to the many colleges and universities in the area. To ease transportation to the complex, the resort is providing shuttles from nearby towns as well as water taxis from Boston.
Wynn Resorts is also conducting a major environmental cleanup in the city. The building’s 33-acre waterfront site was one of the most contaminated in the state. Nearly a million tons of contaminated sediment were pulled from the site and the Mystic River over 18 months during the cleanup effort.