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Wynn Resorts and MGM Engages in Conversation about the Sale of Encore Casino in Boston

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6 years ago

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Wynn Resorts and MGM Engages in Conversation about the Sale of Encore Casino in Boston
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Wynn and MGM Resorts have announced a joint statement related to the sale of Encore Casino in Boston. Wynn CEO Matt Maddox and MGM CEO Jim Murren met in person in Las Vegas to explore the possibility of a sale.

“Over the past several weeks, we have engaged in conversations around the potential sale of Encore Boston Harbor,” the statement reads. The companies add that the talks are “very preliminary” and the casino giants do not know “where these conversations will lead.”

Encore’s license is the only one the state will allow in the Boston area, making it highly desirable. MGM, on the other hand, owns the only casino license for Western Massachusetts for its Springfield location.

As per the Massachusetts law, a company can only hold one casino license. MGM did not comment, but if it buys the Encore casino it would have to sell its license for a casino in Springfield, Massachusetts.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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