Wynn reduces luxury retail space at Everett casino
When gambling mogul Steve Wynn pitched his idea for an Everett casino three years ago, the Wynn Resorts CEO told gaming regulators that a star-studded array of high-end retail brands would line up to join him.
Chanel. Gucci. Armani. Louis Vuitton. All the big luxury retailers seemed eager to follow him to Everett, or at least that’s how Wynn explained it in January 2014.
But recreating Newbury Street on the banks of the Mystic River turned out to be tougher than Wynn expected.
Robert DeSalvio, Wynn Resorts’ top Massachusetts executive, unveiled significant changes to the $2.4 billion casino project to the state’s gambling commission this month. He said the amount of space set aside for retail shops would drop more than 80 percent, to about 9,000 square feet from nearly 53,000 in the project’s previous incarnation, a loss of 10 stores.
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