Wynn Resorts announces that it has signed surrounding community agreements with Cambridge and Medford and neighboring community agreements with Lynn and Melrose for its proposed five-star resort in Everett. The communities join Malden, which entered into a surrounding community agreement with Wynn in 2013.
“A Wynn resort will have a positive impact on people and neighborhoods beyond Everett, and these agreements are a way to truly demonstrate our ongoing support and partnership,” said Robert Desalvio, senior vice president of development at Wynn. “It’s not just about writing a check … it’s about providing careers, bolstering the local economy, creating a public waterfront and making the region better for us all.”
The agreements include annual payments, impact mitigation, and commitments to hire local employees and utilize/promote local businesses. The agreements for each community can be found on the Massachusetts Gaming Commission website: http://massgaming.com/about/host-surrounding-communities/surrounding-community-agreements/.
About Wynn Resorts:
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 and NASDAQ-100 indexes. Wynn Resorts owns and operates Wynn and Encore Las Vegas (www.wynnlasvegas.com) and Wynn and Encore Macau (www.wynnmacau.com).