The former owner of Suffolk Downs track is demanding in excess of $3 billion for which it alleges was a conspiracy by Wynn Resorts as well as a local investment group to “fix” the procedure to make an e-casino near Boston.
Sterling Suffolk Racecourse filed its 37-page civil suit Monday in U.S. District Court in the Racketeer Influenced Corrupt Organization Act — the best claim commonly connected to organized crime.
The complaint alleges Wynn Resorts, embattled company co-founder Steve Wynn and FBT Everett Realty conspired to win the vicinity Permission. The suit also names Paul Lohnes, on the list of those who own the Everett land, as a defendant.
FBT Everett Realty is a former one who owns the land where Wynn’s luxury Encore Boston Harbor gaming palace will open in June.
Wynn Resorts dismissed the allegations and said within a statement it may well fight the suit.
“This lawsuit was through Richard Fields, an unsuccessful applicant to your license awarded to Wynn Resorts,” the statement said. “His claims are frivolous and clearly without foundation. We shall mount a vigorous defense.”
Fields is usually a principal one who owns Sterling Suffolk Racecourse. Lohnes, FBT Everett Realty or their legal representatives did not return calls and messages. The state run Gaming Commission declined to comment.
The 161-acre property was sold to your HYM Investment Group recently being repurposed for commercial, retail and residential use following gaming commission rejected a quote by Mohegan Sun to create an internet casino there in support of Wynn’s project in Everett. SSR complains within the suit the $155 million sale expense is “dramatically not as much as thats a casino could have paid.”
Sterling Suffolk Racecourse’s complaint alleges this company suffered over $1 billion in damages, and wanted triple that quantity.
The allegations while in the complaint are substantially the same as another lawsuit filed in state court by Mohegan Sun, which asks the court to dispose of Wynn’s license and restart the method.
Clyde Barrow, a gaming expert, said Wynn is now facing challenges towards the license on multiple fronts, for example the Gaming Commission’s investigation, but said the fate of the Encore Boston Harbor likely won’t use a significant effect on the business generally.
“Their revenues are received from Macau,” Barrow said from the Wynn resort in China. “This doesn’t do or die Wynn financially like a company.”