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Wynn Resorts considering sale of under-construction Massachusetts casino

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Wynn Resorts considering sale of under-construction Massachusetts casino

Talks are underway about the possible sale of Wynn Boston Harbor, the still under construction casino being built just outside Boston, Bloomberg reports. 

The business publication reports informal talks involving Wynn Resorts Chief Executive Officer Matt Maddox have been held to discuss a potential sale, citing someone familiar with the discussions. 

Maddox was appointed CEO in February, after casino mogul Steve Wynn resigned following dozens of reports of sexual misconduct over decades.

Steve Wynn has vehemently denied the misconduct accusations. 

The Massachusetts Gaming Commission has opened an investigation into whether the company is "suitable" for a gaming license, given the founder's alleged conduct.

"These fires burn so hot they can consume anything they touch," Massachusetts Gaming Commission chairman Steve Crosby said in an email obtained by MassLive. "Hopefully we can do this right."

Wynn Boston Harbor is a $2.4 billion casino project in Everett. The company has incurred about $1.13 billion in costs so far on the project, which is scheduled to open in June 2019. 

Michael Weaver, a spokesman for Wynn Resorts, declined to comment to Bloomberg about a potential sale of the property.  

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHErsIQJ9iU4cb2BQF07uNohIAUpg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779860135880&ei=A47LWoC4F4jShgGAip_oAw&url=http://www.masslive.com/news/boston/index.ssf/2018/04/wynn_resorts_considering_sale.html

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