If this coronavirus disaster were to go on indefinitely, not only would Encore go out of business, but the city would be forced to file a bankruptcy or be put into financial receivership. One cannot remain solvent without the other. The closure of the Encore casino and hotel is a disaster of the first order, not only for Encore, who invested $2.6 billion here, but for the city which relies upon payments from Encore to remain solvent. No business operating in the city today compares in financial significance to Encore.
There is not a hint of doubt about it – the reopening of Encore Boston Harbor here in Everett is of absolute importance to the interim and future financial well-being of the city.
