MGM pulls out of talks with Wynn over sale of Everett casino
MGM Resorts said Tuesday that it had pulled out of talks to buy Wynn Resorts’ nearly finished Everett casino, a move that came after several days of sharp blowback following revelations that the company was talking to Wynn about a sale.
Completing the deal would have forced MGM to relinquish the casino license it holds in Western Massachusetts, and presumably sell MGM Springfield, the state’s first resort casino, which opened to great fanfare in August.
“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,” the company 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.”
The company alluded to concerns over a potential sale raised by public officials, including Governor Charlie Baker, legislators, and the mayors of Springfield and Everett.
Read more: https://www.bostonglobe.com/metro/2019/05/21/maura-healey-has-harsh-words-for-wynn-resorts/fXdJE6Q9rt0yHcD0hV4fTO/story.html
