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Wynn Resorts is considering selling its under-construction Encore Boston Harbor casino-resort in Everett, according to a report on gambling trade website Focus Gaming News.
The report says that Wynn CEO Matt Maddox has had “informal talks about a potential sale of the company’s facility” just outside of Boston. That facility, of course, is the 3 million-square-foot, $2.4 billion casino-resort on pace to open in June 2019. The report does not reference any possible buyers.
If Wynn is, indeed, in talks to sell again, it would mark a stark reversal from this past spring, when the company pulled out of negotiations with suitors such as Caesars Entertainment and MGM Resorts. The prices were not right apparently (though it’s not clear if the price will ever be right given the project’s scope).
Wynn has had a tumultuous year due largely to allegations of sexual assault and harassment against its founder and namesake. Steve Wynn resigned from the company in February, State gaming authorities are still reviewing the company’s suitability to operate the Everett destination because of his alleged conduct, however.
Meanwhile, Wynn changed the name of the future complex to Encore Boston Harbor in April.
- Wynn Resorts could sell Boston facility [Focus Gaming News]
- Wynn Resorts plans to keep Everett casino despite flirtations with potential buyers [Curbed Boston]
- Encore Boston Harbor is the new name of the under-construction Everett casino [Curbed Boston]