Should the company decide to purchase the Encore Boston Harbor, it would need to give up its casino license for the MGM Springfield. This past August, MGM Resorts opened the only casino location in western Massachusetts at a cost of $960 million. Massachusetts law only allows one casino license per company. The transaction would not be a simple matter of Wynn Resorts selling its property to MGM Resorts. This places the timing of when the talks first began around the same time the Massachusetts Gaming Commission finished its 15-month investigation into Wynn Resorts’ handling of sexual misconduct allegations.
Wynn resigned as CEO less than two weeks later.Īccording to the statement, the companies have been talking about the potential sale for the past several weeks. The Wall Street Journal first reported on the accusations in January 2018. The news follows the Massachusetts Gaming Commission’s decision to fine Wynn Resorts $35 million for failing to disclose sexual misconduct allegations against its founder and former CEO Steve Wynn.
