Wynn Resorts and MGM said they had talks in recent weeks about a potential sale of Wynn's Boston-area casino due to open in June
Wynn Resorts has had talks to sell its Encore Boston Harbor resort and casino to rival MGM, the companies said; the project, seen in January, is set to open in Everett, Mass., next month. Photo: Steven Senne/Associated Press By Aisha Al-Muslim and Jon Kamp Updated May 17, 2019 5:20 p.m. ET Wynn Resorts Ltd. WYNN -4.63% and MGM Resorts International MGM -2.41% are in talks for Wynn to sell its Boston-area casino project to rival MGM.
The Boston Globe reported earlier Friday that the two casino giants were in recent discussions regarding a sale of the property. Wynn Resorts had been in early talks last year to sell the project to MGM, as Massachusetts regulators were investigating the company’s handling of sexual-misconduct allegations against its founder and former chief executive Steve Wynn.
Springfield Mayor Domenic Sarno said in a statement that Bill Hornbuckle, MGM’s president and operating chief, contacted him late Thursday and reassured him of MGM’s commitment to the western Massachusetts city. “We had a very good and mutually respectful conversation,” Mr. Sarno said. Newsletter Sign-up Mr. Wynn, who declined to be interviewed by Massachusetts investigators, issued a statement to them included in the report saying he had never had a nonconsensual relationship.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wynn Resorts in talks to sell $2.6-billion Encore casino to MGMWynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino out...
Read more »
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGMWynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino out...
Read more »
Republicans take $400k from casino mogul accused of sexual assaultThe national Republican Party has accepted nearly $400K in donations from disgraced ex-casino mogul Steve Wynn. This comes just over a year after Wynn was accused of sexually harassing or assaulting employees over a decade-long period
Read more »
I used one of my favorite credit card perks to stay in a Las Vegas luxury hotel and come out $20 aheadLuxury hotel portals like AmEx's Fine Hotels and Resorts and Chase's Luxury Hotel and Resort Collection can provide exceptional value.
Read more »
In Sochi, red lines remain between US and RussiaPompeo had flown to Sochi today after a surprise detour to Brussels, where he had tried to persuade European leaders to stand with Washington in an escalating confrontation with Iran. It was his second Iran-related change of plans in a week. After the meeting, he said he and Lavrov 'spoke a bit' about the situation in the Middle East, particularly Iran.
Read more »
Wynn Resorts in talks to sell $2.6-billion Encore casino to MGMWynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino out...
Read more »
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGMWynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino out...
Read more »
Nestlé Enters Exclusive Talks to Sell Skin-Health BusinessNestlé has entered exclusive negotiations with a consortium led by EQT and a wholly-owned subsidiary of the Abu Dhabi Investment Authority over the sale of its skin-health business.
Read more »
Nestle in talks with EQT Partners to sell skin health unitEQT is putting the finishing touches to the deal, which would value the unit at up to $10 billion and could be signed in the next 24 hours.
Read more »
MGM might pay $800 million to settle lawsuits from Las Vegas shooting that killed 58MGM may have to pay $800 million to settle lawsuits stemming from the 2017 mass shooting that killed 58 people.
Read more »
MGM might pay $800 million in Las Vegas shooting settlementCasino giant MGM Resorts told federal regulators it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history.
Read more »