Published
Land-BasedCasino

Wynn Resorts and MGM Resorts end Encore Boston Harbor talks

Wynn Resorts and MGM Resorts International have ended talks over Encore Boston Harbor less than a week after they were announced.

WynnBostonHarbor

Both operators have confirmed a cease in negotiations, despite respective CEOs Matt Maddox and Jim Murren previously meeting in Las Vegas to discuss a potential $2.6bn deal.

Wynn Resorts was recently fined $35m by the Massachusetts Gaming Commission, the result of past failings by executives to report sexual harassment allegations against former CEO Steve Wynn, but retained its gaming license within the state.

News Wynn Resorts had entered into discussions with MGM Resorts, however, led to speculation Maddox had changed his approach to the company’s Massachusetts activity.

But MGM Resorts said in a statement: "We have noted the anxiety raised by various stakeholders regarding a transaction and this troubles us at MGM. We only wish to have a positive impact on communities in which we operate."

Wynn Resorts sent out its statement shortly afterwards: "After careful consideration, we have agreed to cease discussions with MGM Resorts. We remain committed to opening and operating Encore Boston Harbor as only Wynn Resorts is able to do."

Premium+ Connections
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium

Digitain

 
Premium

RISK

 
 
 
Premium

PIN-UP Partners

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...