Encore Boston Harbor Enlargement Mission Beneficial properties Metropolis Approval
Encore Boston Harbor is a significant step nearer to gaining formal approval to broaden its on line casino and resort footprint in Everett.
A rendering of Wynn Resorts’ proposed growth of Encore Boston Harbor in Everett. Wynn is searching for approval to enlarge its resort throughout Broadway to construct a brand new sportsbook and poker site, plus a nightclub and theater. (Picture: Wynn Resorts)
Wynn Resorts opened its Boston-area built-in resort in June 2019 at a price of $2.6 billion. The complicated is positioned simply north of the Massachusetts capital metropolis throughout the Mystic River in Everett.
Slightly greater than 4 years after opening, and dominating Massachusetts’ three-casino industrial gaming trade, Wynn is searching for to broaden Encore Boston Harbor southeast of Broadway. The primary part of the proposed growth consists of 142,000 sq. ft of extra flooring area.
Wynn desires to position an expanded sportsbook and poker site within the new facility and relocate its Memoire nightclub from the primary resort constructing. The growth would moreover deliver a 979-seat theater, three new parking garages, and a pedestrian skywalk connecting the growth constructing to the present resort.
Encore Boston Harbor presently homes 2,700 slots, 185 desk video games, and a WynnBet Sportsbook. The on line casino generated gross gaming income of roughly $729.7 million final yr, its finest annual efficiency so far. The on line casino gained $634.4 million in 2021 and $331.7 million in pandemic-stricken 2020.
Metropolis Planning Board Backs Plan
Wynn Resorts wants a sequence of native and state approvals to broaden its on line casino throughout Broadway.
Considerations had been raised about whether or not the 2013 native referendum that Everett voters handed approved gaming off of the unique property. The Massachusetts Gaming Fee (MGC) decided earlier this yr that the referendum that learn gaming can function “… on Horizon Manner off Decrease Broadway in Everett” must be interpreted to be the final neighborhood and never confined to the unique parcel.
After the MGC concluded that Wynn might function sports activities betting and poker on the corporate’s newly acquired 17-acre website, Encore Boston Harbor’s growth software moved ahead to metropolis officers. This week, the Metropolis of Everett Planning & Growth Board voted in favor of the event.
With the Planning and Growth Board’s endorsement, the challenge now solely wants approval from the Massachusetts Environmental Coverage Act Workplace. The state company is conducting a evaluate of the potential environmental impacts of the challenge. The workplace is predicted to vote on the matter on Monday, October 16.
Price Unknown
Wynn’s imaginative and prescient of increasing Encore Boston Harbor doesn’t finish with the theater, nightclub, sportsbook, and poker site. If the corporate beneficial properties the correct to broaden throughout Broadway, the Wynn is pitching a two-phased growth, with the second growth being the significantly bigger of the 2.
The second part options two extra resort towers with 800 guestrooms. Encore presently has 671 resort rooms, that are generally offered out on weekends. The on line casino reported a greater than 91% occupancy charge in 2022.
Wynn Resorts officers say they’re prepared to take a position one other $1.7 billion into their Encore Boston facility over the 2 phases. If each phases are permitted and constructed, Wynn mentioned its Boston workforce would broaden by about 800 everlasting positions. The corporate has pledged to ensure 50% of these new hires are ladies, minorities, and veterans.
