CASINOS

Talks between casino giants Wynn Resorts and MGM Resorts over a possible sale of Wynn’s almost-finished Encore Boston are said by the companies to be only preliminary, but they could present more headaches for regulators as they wade into uncharted territory.

Wynn Resorts is in early talks to sell the Everett casino for which it fought so hard to retain control, a striking pivot five weeks before the venue’s scheduled opening.

The prospective buyer is MGM Resorts, which already operates a casino in Springfield. Wynn and MGM said in a joint statement Friday afternoon that negotiations have taken place “over the past several weeks.”

Inside MGM Springfield.
Don Treeger / The Republican / masslive.com/photos

MGM Springfield suffered a setback in April, with revenue dropping 15 percent from March. That's according to the latest numbers from Massachusetts casino regulators. 

Gaming Commission Says Wynn Is Still 'Suitable' To Keep Everett Casino License

May 1, 2019

Despite finding that Wynn Resorts concealed alleged sexual misconduct by its founder, Massachusetts gambling regulators decided Tuesday that the company remains “suitable” to hold its lucrative Boston-area casino license.

The Massachusetts Gaming Commission did, however, slap a $35 million fine on Wynn Resorts. That’s $15 million more than what Nevada regulators handed down earlier this year for essentially the same violations.

An empty parking lot outside the Stop & Shop on Lincoln Street in Holyoke, Massachusetts.
Nancy Eve Cohen / NEPR

In our look back at news of the week, 31,000 employees of grocery chain Stop & Shop continued their strike across New England. The workers left their jobs last week amid a longstanding dispute over a new contract. 

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