MGM Pulls Out of Possible Sale of Everett Casino - NBC10 Boston

MGM Pulls Out of Possible Sale of Everett Casino

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    NEWSLETTERS

    MGM Resorts Pulls Out of Sale Talks with Wynn Resorts

    Encore Boston Harbor, currently owned by Wynn Resorts, is scheduled to open on June 23.

    (Published Tuesday, May 21, 2019)

    Encore Boston Harbor casino, which is set to open on June 23 in Everett, continues to face an uncertain ownership situation.

    MGM Resorts, which currently owns the MGM Springfield casino in Western Mass., announched on Tuesday night it was pulling out of talks with Wynn Resorts over a possible sale.

    "We are committed to our Springfield community and proud of what we have accomplished including thousands of jobs and millions of dollars of revenue for small businesses in the area," MGM said in a statement. "We will always explore ways to deepen our engagement in the Commonwealth. Our discussions regarding the Everett resort were in that spirit. 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. We think the best course of action is to discontinue discussions concerning this opportunity. We wish the company and the Everett community all the best and look forward to visiting their beautiful resort when it opens and welcoming the 5,600 employees to our industry."

    A sexual misconduct scandal involving Steve Wynn, former CEO of Wynn Resorts, has brought about a great deal of controversy surrounding the casino that will be less than 5 miles from Downtown Boston. Wynn resigned as CEO in 2018.

    "I am beyond pleased hearing this news," Everett City Councilor Michael J. McLaughlin said. "I have throughout the past week said our community supported Wynn Resorts coming into Everett in 2013 and has continuously supported a five-star resort destination that offered 5,500 plus jobs and millions of dollars in tax revenue to not only Everett but the Greater Boston area. It has also brought countless community benefits that we could have only dreamed of. It has also giving the opportunity to put Everett on the map as a World-Wide Class destination community. Our community support has never wavered from that and our community only supports Encore Boston Harbor opening Everett's Resort. I hope this will end these talks and we can get back to focusing on opening plans for the day, weeks and months leading up to and beyond June 23."


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