Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM

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Wynn Resorts in talks to sell $2.6-billion Encore casino to MGMLas Vegas-based Wynn received its Massachusetts license in 2013, allowing it to go ahead with building the 671-room Encore Boston Harbor in Everett, Massachusetts. The talks over a possible sale has been on for the past several weeks and were in the 'very' preliminary stages, but that would not delay the opening of the casino, the companies said in an emailed statement to Reuters. A deal would be complicated for MGM, which has a casino in Springfield, as Massachusetts forbids companies from holding more than one casino license in the state, according to a Boston Globe report, which first reported about the talks.


Read More: https://news.yahoo.com/wynn-resorts-talks-sell-2-6-billion-encore-201027552--finance.html

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