Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM

Written by on May 17, 2019

FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo

May 17, 2019

(Reuters) – Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said on Friday.

Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to go ahead with building the 671-room “Encore Boston Harbor” in Everett, Massachusetts. It is expected to open in June.

The companies have been in talks over the possible sale for the past several weeks, according to a joint statement that was emailed to Reuters.

(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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