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.
Boston Biz Journal https://www.bizjournals.com/boston/news/2019/05/21/wynn-says-mgm-wont-buy-2-6b-encore-boston-harbor.html?ana=RSS&s=article_search