Wynn Resorts Ltd. and MGM Resorts International say conversations regarding the sale of Wynn’s $2.6 billion Encore Boston Harbor resort are over.
Wynn (NASDAQ: WYNN) and MGM (NYSE: MGM) had acknowledged their preliminary conversations regarding a potential sale in a statement late Friday afternoon.
MGM won a Massachusetts gambling license in 2014 and operates a $1 billion Springfield casino, which opened in August 2018. The state’s gaming law prohibits one company from holding two licenses.
“At…
