EVERETT (AP) — Everett Mayor Carlo DeMaria and Las Vegas gambling magnate Steve Wynn are planning to discuss their initial talks about the possibility of developing a casino in the city.

The two have scheduled a press conference at Everett City Hall on Wednesday.

Mayor Carlo DeMaria said on Monday that he’s “excited to see how Wynn’s vision for this site may complement my vision” for the future.

In May, Wynn suspended efforts to bring a $1 billion casino resort to Foxborough on land to be leased from New England Patriots owner Robert Kraft after the town turned aside efforts to negotiate a development proposal.

Suffolk Downs and Caesars Entertainment have applied for casino development rights at the East Boston race track.

The state’s casino law allows for the construction of up to three casinos.

Copyright 2012 The Associated Press.