(Getty Images/Duncan Nicholls and Simon Webb)
BOSTON (WBZ NewsRadio) — Tomorrow, the state Gaming Commission will begin it’s formal public discussion of what if any action should be taken against the former Wynn Corporation for failing to disclose legal issues surrounding former CEO Steve Wynn when they were competing for the Everett casino license a few years back.
The situation has been a huge embarrassment for the Commission.
It turned out their well-paid investigators missed the extensive dirt on Wynn and his company that a couple of Wall Street Journal reporters were able to dig up.
In the meantime, these stewards of the public interest were so focused on getting everything right that they botched their main assignment, to make decisions that would best promote economic development here.
There are already indications that the already-open MGM casino in Springfield and Encore in Everett will struggle to live up to expectations due to the saturated regional gambling market.
And economically-struggling areas of the state, like Brockton and Fall River, have tried and failed to win licenses, in no small part due to the commission’s ineptitude.
Meanwhile, sports betting and online wagering is coming on strong, and while neighbors like Rhode Island are already cashing in, we’re still navel-gazing.
Encore will keep its license—taking it away now would be an economic and political disaster.
But whether or not it lives up to its economic promises, it will always stand as a monument to Massachusetts political incompetence.
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