قالب وردپرس درنا توس
Home / Business / MGM Resorts violates conversations with Wynn Resorts over the sale of Encore Boston Harbor Casino

MGM Resorts violates conversations with Wynn Resorts over the sale of Encore Boston Harbor Casino



Casino giant MGM Resorts International has concluded talks with Wynn Resorts about the possible sale of the $ 2.6 billion Encore Boston Harbor property in Everett, MGM Resorts says in a statement Tuesday night. "We think the best action is to interrupt discussions about this opportunity, the company said in a statement. On Friday, both MGM Resorts and Wynn Resorts concluded a joint statement, saying that the two casinos in Las Vegas had engaged in conversations around The potential sale of Encore Boston Harbor. "We are committed to our Springfield community and proud of what we have achieved, including thousands of jobs and millions of small business revenue in the area, the company said in a statement. "Our discussions about the Everett resort were in that spirit," the company wrote. "We have noted anxiety from several stakeholders regarding a transaction, and this worries us at MGM. We just want a positive impact on the communities in which we operate." MGM said it "wants the Everett community the very best and looks forward to visiting their beautiful resort when it opens and welcomes the 5,600 employees to our industry." "Wynn Resorts is proud of the design, development and operation of the world's best integrated resorts "At times, world-class assets attract the attention of others, and our board of directors takes seriously its fiduciary duty to consider such interests," the company wrote. "After careful consideration, we have agreed to cancel discussions with MGM Resorts. We are still committed to opening and operating Encore Boston Harbor, which only Wynn Resorts can do." The nearly completed Encore Boston Harbor property is scheduled to open on June 23. MGM Resorts had bought the Everett casino, it would have had to sell its Springfield casino because a company can only own a casino license in the state.

EVERETT, Mass. ̵

1;

Casino giant MGM Resorts International has concluded talks with Wynn Resorts for the possible sale of $ 2.7 billion Encore Boston Harbor property in Everett, MGM Resorts said in a statement Tuesday night.

We think the best action program is to interrupt discussions about this opportunity, the company said in a statement.

On Friday, both MGM Resorts and Wynn Resorts released a joint statement, saying that the two casinos in Las Vegas were engaged in talks about the potential sale of Encore Boston Harbor.

"We are committed to our Springfield community and proud of what we have achieved, including thousands of jobs and millions of revenue for small businesses in the area," the company said in a statement.

"Our discussions on the Everett resort were In that spirit, "the company wrote." We have noted the anxiety of several stakeholders regarding a transaction and this worries us at MGM. We just want to have a positive impact on the communities in which we operate. "

MGM said it" wants the Everett community the very best and looks forward to visiting their beautiful resort when it opens and welcomes the 5,600 employees to our industry . "

" Wynn Resorts is proud of the design, development and operation of the world's best integrated resorts. Andreas's attention and our board seriously take his fiduciary duty to consider such interests, "the company wrote." After careful consideration, we have agreed to discontinue discussions with MGM Resorts. We are still committed to opening and operating Encore Boston Harbor, which only Wynn Resorts can do. "

The near-finished Encore Boston Harbor property is scheduled to open June 23.

If MGM Resorts had bought The Everett Casino, it would have had to sell its Springfield Casino because a company can only own a casino license in the state.

AlertMe


Source link