Wynn could walk if tax issues aren't resolved
31 Jan 2014
MASSACHUSETTS -- Steve Wynn could bail on the Everett casino proposal if Massachusetts do not come up with a more sensible tax rate, the Boston Herald reported.Wynn said out in an earnings report phone call that it would be untenable for two casinos in close proximity to compete while being taxed at different rates because one would be disadvantaged, the report said.
Wynn was pointing to a proposed casino by the Wampanoag tribe, which would be taxed at 17 percent, while Wynn or whoever succeeds in pursuit of the Everett licence would pay 25 percent, according to the Boston Herald report.