Wynn Resorts is reportedly looking to sell the $2.4 billion casino-resort it’s building on the banks of the Mystic River in Everett because of a state investigation following multiple women earlier this year accusing the company’s ex-CEO and chairman of sexual harassment and assault, including rape.
The Massachusetts Gaming Commission’s investigation is supposed to wrap this summer, but Wynn Resorts is apparently not waiting around for the results. It’s either selling the 3 million-square-foot Everett complex—due to open in June 2019—or already has a deal to sell it to rival MGM Resorts.
Or maybe not. Wynn Resorts has already sunk more than $1 billion in to the casino-resort, a sum that might preclude the company from palming it off—unless the price is particularly right (which is unlikely as most casino operators have razor-thin margins to begin with).
For now, the likeliest big alteration on the horizon for Wynn Boston Harbor is a name change. No one wants the complex associated with Steve Wynn.
- Wynn’s presence in Mass. could be in doubt amid investigation [Globe]
- MGM Resorts may roll the dice and buy Wynn Resorts [New York Post]
- Wynn Resorts CEO said to weigh sale of Boston-area casino [Bloomberg]
- Wynn Boston Harbor, giant casino on the Mystic, headed for name change [Curbed Boston]
- Steve Wynn allegations could doom big Boston-area casino [Curbed Boston]