Wynn Gets OK To Change Land Deal In $1B Mass. Casino Plan

Law360, New York (December 13, 2013, 4:07 PM EST) -- The Massachusetts Gaming Commission on Friday approved Wynn Resorts Ltd.'s proposal to change its land purchase deal in a $1 billion casino plan after a commission investigation revealed that the land's sellers had possibly conspired to hide a criminal ownership interest in the site.

In a unanimous vote, four MGC commissioners greenlighted Wynn's proposal to lower from $75 million to $25 million its land buy deal with FBT Everett Realty LLC, not including another $10 million for covering certain land remediation costs. The arrangement comes after...
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