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What is FBT Everett Realty vs. Gaming Commission about?

The Massachusetts Gaming Commission became concerned that a convicted felon had a hidden ownership interest in FBT Everett Realty, LLC, a company that owned land in Everett that Wynn MA planned to buy and develop a casino on. Without resolving the issue, the Commission warned Wynn that its casino license may be jeopardized if the criminal ownership issue was not addressed. In response, Wynn reappraised the land for a lower non-casino use value and pressured FBT to agree to sell for $35 million instead of th

Author

RHT

Language

EN