Wynn Resorts to sell Encore Boston Harbor

MGM may take over Wynn's Encore Boston Harbor.
MGM may take over Wynn's Encore Boston Harbor.

MGM Resorts and Wynn Resorts are discussing the sale of Encore Boston Harbor, in Everett Massachusetts, expected to open in June.

US.- MGM Resorts International is strengthening its position in the US and will likely do so even further in the near future. The company may acquire the Encore Boston Harbor casino from Wynn Resorts, set to compete with its own business.

The US$2.6 billion venue would be ready by June but may switch hands as both companies discuss a potential deal. Both companies revealed the information late last week and announced the transaction wouldn’t delay its opening.

Should it be completed, the acquisition would allow MGM to control casino gaming in the area. The company already owns another one in Springfield, which would compete with Wynn’s project.

MGC’s sanctions for Wynn Resorts

The Massachusetts Gaming Commission (MGC) announced it would fine Wynn Resorts but still approved the Encore Boston Harbor. The regulator has stuck to what it said and granted some approvals for the venue, which is set to open late in June.

Representatives of Encore Boston Harbor gave updates on the venue to the MGC, Las Vegas Review Journal reported. It did so in a quarterly report on progress at the US$2.6 billion resort in Everett, Massachusetts and detailed:

-Site utilities and plant selection and planting are completed. A floating dock that is part of transportation to and from the resort is considered 99% complete. Site paving, hampered recently by bad weather, is 70% done.

-Two of four parking garages are completed; the two others are 85% and 95% complete.

-Wall framing and millwork in the casino are done. Drywall is 98% complete and carpet is 99% installed.

-In the casino, 3,109 of 3,130 slot machines are installed. All 143 non-poker table games are in and 16 of 88 poker tables are installed.

-The convention area is completed.

-Stonework, painting, carpeting and wall coverings are nearly completed on every floor of hotel rooms.

-A total of 1,150 employees are hired with 5,200 or 5,800 employees in various stages of the regulatory review process. All hiring is expected to be completed by May 31.

-Work is continuing on several off-site traffic mitigation projects that include roads, trains, parking lots and boats.

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