Wynn Finalizes Purchase of Casino Land

Wynn Resorts announced Monday that it has finalized the purchase of the 33-acre former Monsanto Chemical Plant site in Everett for its new $1.6 billion casino.

The company called the $35 million purchase “the most significant project advancement” since the Massachusetts Gaming Commission issued it the Greater Boston (Region A) gaming license in September 2014.

Now that Wynn is in control of the property, site cleanup and building construction will begin soon after permitting, according to the company.

“Today, we hit the ‘go’ button and we’re not stopping until a spectacular Wynn Resort with a new waterfront public park for all to access and enjoy is completed,” Robert DeSalvio, president of Wynn Everett, said in a statement.

In addition to gaming tables, the new casino will have 600 hotel rooms, as well as a high-end spa, stores, restaurants and meeting spaces.

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