This agreement was neither recorded nor reported to the commission, raising concerns about its legitimacy. Gattineri, who had a stake in FBT, alleged that Wynn had promised him an additional $19 million as part of a secret oral agreement, reported Massachusetts Lawyers Weekly. However, concerns arose about potential connections between FBT and a convicted felon with ties to organized crime, leading the Massachusetts Gaming Commission to limit the sale price to $35 million, the fair market value if the land was not used for a casino. The controversy began when Wynn Resorts, in an effort to secure a casino license in Massachusetts, entered into a deal to purchase a parcel of land in Everett and Boston for $75 million. Wynn Resorts’ Land Purchase Raises Questions of Secrecy and Public Policy Violation
The agreement, which would have entitled Gattineri to an additional $19 million from the sale of land that became Encore Boston Harbor, was concealed from gaming officials, leading the court to rule against its enforceability on grounds of public policy. The Massachusetts Supreme Judicial Court has declared that a confidential agreement made between Wynn Resorts and Anthony Gattineri, a minority owner of FBT Everett Realty, LLC, is not enforceable.
