In Massachusetts, Wynn Resorts Limited has reportedly held preliminary talks with rival MGM Resorts International about the possibility of selling off its under-construction Wynn Boston Harbor integrated casino resort.

According to a Thursday report from The Boston Globe newspaper, Wynn Resorts Limited hopes to open the 33-acre facility in the northern Boston suburb of Everett in June of next year but this timetable could be impacted by an ongoing Massachusetts Gaming Commission investigation into the suitability of the firm and its former Chief Executive Officer, Steve Wynn.

Wynn resigned as boss of the Las Vegas-based casino operator in February amid multiple accusations of sexual misconduct while Wynn Resorts Limited has reportedly faced widespread criticism recently for allegedly not doing enough to prevent the 76-year-old’s actions and actively working to conceal a settlement he was said to have made to one of his accusers.

Should the private talks result in a sale, the MassLive.com online news service reported that MGM Resorts International could be forced to sell its $950 million MGM Springfield venue, which is scheduled to open in the autumn, as Massachusetts law forbids any one operator from running more than one casino.

MassLive.com reported that Las Vegas-headquartered MGM Resorts International, which is moreover hoping to be given permission to build a $675 million waterfront casino in the nearby Connecticut city of Bridgeport, could additionally petition lawmakers for permission to run both Massachusetts facilities or ‘seek some other arrangement’.

Steve Crosby, Chairman for the Massachusetts Gaming Commission, reportedly told MassLive.com that he had ‘no inside information’ regarding any potential deal to sell Wynn Boston Harbor but declared that investigations such as the one his body is conducting into the suitability of Wynn Resorts Limited may ‘burn so hot they can consume anything they touch’.

Leave a Reply

Your email address will not be published.