Steve Wynn plans $1 Billion Hotel

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Casino developer Steve Wynn plans $1 Billion Hotel-Casino

Casino developer Steve Wynn plans $1 Billion Hotel-Casino

Steve Wynn, Chairman and CEO of Wynn Resorts, Limited plans $1 billion hotel and casino in Massachusetts.

Wynn plans to build a casino on an old factory site along the Mystic River in Everet. He told The Boston Globe Thursday it will be “the fanciest hotel in the Boston area.”

The billion-dollar hotel is expected to have between 300 and 500 rooms, as well as swanky designer shops, upscale restaurants as well as a spa and casino.

Tuesday is the deadline for companies that want to operate a resort casino in Massachusetts, to submit a deposit on the application fee.

Other competitors for the sole casino license in Boston come from Caesars Entertainment.

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