MGM discontinues talks with Wynn on Encore Boston purchase
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, Mass.
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.
Stories that may interest you
Old Lyme's Roger Tory Peterson Estuary Center plans new building
The Roger Tory Peterson Estuary Center, a local chapter of the statewide Connecticut Audubon Society, announced plans to build a new center near the Connecticut River.
Groton, New London leaders provide economic development updates
Subjects included zoning updates, housing developments in the works, microtransit efforts and more.
It's a home seller's market in eastern Connecticut
New stats show that the number of days on the market is down and the median price is up for single-family homes.
Connecticut loses 1,400 jobs in June, driven by drops in local government
Two economic analysts referred to the latest Connecticut Department of Labor numbers as "abysmal" and "troubling."
READER COMMENTS