Las Vegas casino mogul Steve Wynn's ploy to get the same tax rate for his proposed Everett casino as the Mashpee Wampanoag tribe is going nowhere, said House Speaker Robert A. DeLeo.
"Our studies have shown ... Massachusetts is very fertile ground relative to gaming," DeLeo told the Herald yesterday. "I think that if Mr. Wynn takes a look, an honest look at all of that, I think at the end of the day he'll realize that he wants to stay in the game in Massachusetts. I realize that, possibly, there are some changes that have to be made, and we'll get recommendations from the Gaming Commission. But in terms of changing tax structures and something like that, you never say never, but I can't see us moving forward with that in this next legislative session. So I'm hopeful that he'll decide that he'll want to do business here in Massachusetts."
The Mashpee Wampanoag tribe — which is seeking to build a casino in Taunton — would pay a 17 percent state tax on gambling revenue, while Wynn and other commercial casinos would have to pony up 25 percent under state agreements.
Wynn, locked in a battle with a Mohegan Sun proposal in Revere for the Bay State's lone Boston-area casino license, told his investors in January it would be "folly" to have two casinos competing with one another "where one person pays 50 percent more in taxes than its neighbor," and that, "That person would go broke and it won't be me, I can assure you, nor Wynn Resorts, it will not be us."
"We agree with the speaker and believe that the intent of the Legislature was to make Massachusetts the premiere resort gaming destination on the Eastern seaboard," Wynn spokesman Michael Weaver said yesterday. "We believe it can be, and if selected we will work as a partner with the commonwealth to create such a destination."
Mohegan Sun has not suggested any law changes, though Wynn has characterized that stance as posturing and said any casino would favor the changes it's outlined.
DeLeo said he's inclined to act on concerns expressed by casinos and the commission that withholding taxes on every casino winning of $600 and up — below the $1,200 IRS standard — would keep away high rollers.
"I'd be glad to take a look at it," DeLeo said. "But in terms of changing the tax structure, I think we spent an awful lot of time coming up with what was considered one of the finest pieces of legislation on gaming in the country. I'm not predisposed to change it for any particular individual."
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