MGM Plans To Buy Boston Casino

MGM Plans To Buy Boston Casino

US gambling and hospitality giant MGM Resorts International is planning to buy the Encore Boston Harbor casino.

The Wynn Resorts owns the casino and it is expected that the gambling venue will start welcoming guests from 23. However, in a statement released by the company, it is said that the opening of the casino can be delayed.

The $2.6 billion casino deal is reportedly underway as both MGM CEO Jim Murren, and Wynn CEO Matt Maddox recently met in Las Vegas after Wynn Resorts was slapped a fine of $35 million by the Massachusetts Gaming Commission for concealing the sexual harassment allegations against former Wynn Ceo, Steve Wynn.

As the state gambling regulations do not allow one company to hold more than two licenses, an approval from the state gaming commission would be necessary for the deal to materialize. MGM already own MGM Springfield casino in the state.

The casino deal would also need to be approved by the city of Everett as according to the agreement underlying the opening of the Encore casino, no stakeholder can alter the terms without the consent of the Everett city authorities.

Both the companies have also issued a joint statement clarifying that the deal would not impact jobs at the casinos.

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