Wynn Resorts Ends Talks With MGM For Sale Of Boston Resort
Parkerjh [CC BY-SA 4.0], via Wikimedia Commons

Wynn Resorts Ends Talks With MGM For Sale Of Boston Resort

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BOSTON (CelebrityAccess) Wynn Resorts has announced it has ended talks with MGM Resorts over the potential sale of its newly built, $2.6 billion casino near Boston.

“After careful consideration, we have agreed to cease discussions with MGM Resorts. We remain committed to opening and operating Encore Boston Harbor as only Wynn Resorts is able to do,” the company said in a statement.

The announcement comes only days after the companies said in a joint statement that Wynn was exploring a sale of the Encore Boston Harbor Casino, which is slated to open in June.

Elaine Wynn, cofounder of Wynn Resorts, is currently worth $2.1 billion, according to Forbes, after her ex-husband, Steve Wynn, sold his stake in the company and resigned as CEO under allegations of sexual misconduct.

Many questioned the potential deal because the Massachusetts Gaming Commission ruled in April that Wynn Resorts could keep its gaming license if it pays a $35 million fine and complies with other conditions, according to Forbes.

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