U.S. MGM Resorts in talks to purchase $2.6 bln Encore Boston Harbor

05/20/2019 12:46:00 PM (GMT)

U.S. hospitality and entertainment company MGM Resorts International is holding discussions to purchase Encore Boston Harbor, a luxury resort and casino that is under construction in Everett, Massachusetts.

Wynn Resorts is considering the sale of Encore Boston Harbor, which is worth a total investment of $2.6 billion, to MGM Resorts.

The discussions for the sale of Encore Boston Harbor, which was slated to open towards the end of June, are still in early stages.

Annually, MGM Resorts has approximately $9.8 billion in revenue whereas Wynn Resorts has around $6.7 billion in revenue annually.

MGM Resorts International

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