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Wynn In Talks With MGM To Sell $2.6B Mass. Casino Resort

Law360 (May 17, 2019, 7:45 PM EDT) -- Wynn Resorts is considering cashing out of its roughly $2.6 billion Encore Boston Harbor casino that is still under construction, noting in a joint statement with MGM International that the two resort casino operators are in the early stages of negotiating a sale.

Wynn Resorts Ltd. and MGM Resorts International said they have been discussing the potential sale of Wynn's Encore Boston Harbor casino resort located in Everett, Massachusetts. Wynn said in a May 9 filing with the U.S. Securities and Exchange Commission that the project has a $2.6 billion budget and is expected to open in mid-2019.

That total budget for...

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