Now that the state gaming regulators have cleared Wynn Resorts Ltd. (WYNN) to go forward with its application for the northeast gaming license, opponents of the Massachusetts law that would authorize three casinos are awaiting a decision of the Supreme Judicial Court on whether a referendum on repealing the law is legal.
The question was posed by Atty. Gen. Martha Coakley, who initially rejected the ballot initiative by saying that the vote could affect the contractual rights of the companies that have been bidding for the licenses.
A group opposed to the casinos appealed the ruling to the high court.
If the court permits the referendum, the problem of license allocations would have to be faced by the Massachusetts Gaming Commission this coming spring,
Obviously, rejection by the electorate in November would impose serious financial consequences on the many companies that have paid the state for consideration.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].