MGM discontinues talks with Wynn on Encore Boston purchase


1 photo
Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BOSTON (AP) — MGM Resorts International says it will no longer pursue buying Encore Boston Harbor from Wynn Resorts.

MGM said Tuesday that stakeholders have concerns. It owns a casino in Springfield and wouldn't have been allowed to operate two in Massachusetts.

Wynn Resorts says it agreed to end discussions and remains "committed to opening and operating Encore Boston Harbor as only Wynn Resorts is able to do."

The $2.6 billion casino is scheduled to open next month in Everett, Massachusetts.

State gambling regulators found Wynn executives failed to disclose allegations of sexual misconduct against company founder Steve Wynn, and levied a $35 million fine against Wynn Resorts last month while letting it keep its casino license.

The company said last month that it's focused on a successful launch of the casino now that the review is complete. Steve Wynn has denied the allegations.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast