#Boston casino hotel license#

'The average worker received roughly $36,500 in total compensation at an average hourly rate of $47.89 per hour,' the report found. When converted to full-time equivalents, the total hours worked results in nearly 2,500 FTEs, Motamedi said. The average hours per worker was just more than 760 hours, or about 19 total 40-hour weeks. About $71 million went outside the country.īetween the start of site remediation in the fall of 2015 and the casino's Jopening, an estimated 6,700 individuals worked on the site at some point, Motamedi said, and worked a cumulative total of 5.2 million man-hours. The roughly $446 million of construction spending that left Massachusetts was distributed among 36 states, with Rhode Island, Connecticut and New York accounting for more than $200 million of the total, Motamedi said. Suffolk County companies, like construction manager Suffolk Construction, got about 27% of the business or $425.4 million worth of contracts, followed by Middlesex County companies that pulled in 15% of the work or about $236.8 million. Of that $1.6 billion in construction spending, about 70% of it (about $1.1 billion) remained in Massachusetts with local companies.

#Boston casino hotel license#

But the casino is often referred to as a $2.6 billion project because of the other costs associated with it, like the land purchase, license application fee, the cost of furnishing the hotel and casino, and other non-construction expenses. Wynn Resorts spent about $1.6 billion to build Encore Boston Harbor.

'We found that the $1.6 billion in construction spending created $2.6 billion of total economic activity and the related income and jobs that would be needed to produce that,' said Rod Motamedi, a senior research manager for the UMass Donahue Institute.

A UMass Donahue Institute study presented to the Gaming Commission on Thursday found that the state's second full-scale casino did just that.

One of the primary arguments in favor of legalizing casino gaming here almost a decade ago was that construction of the facilities would create jobs, provide opportunities for women- and minority-owned businesses, and spur economic activity in the Bay State. BOSTON - The construction of Wynn Resorts' palatial Encore Boston Harbor casino in Everett generated about $1.6 billion of net new economic activity in Massachusetts and created or supported about 2,500 jobs that earned a cumulative $1 billion of personal income, a study of the project found.