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Wynn Resorts in talks to sell Encore Boston Harbor to MGM

Catherine Carlock
Wynn Resorts in talks to sell Encore Boston Harbor to MGM

With just 37 days to go before a scheduled opening, Wynn Resorts Ltd. (Nasdaq: WYNN) is considering selling its $2.6 billion Encore Boston Harbor resort in Everett to fellow Las Vegas-based gambling empire MGM Resorts International (NYSE: MGM). “Over the past several weeks, we have engaged in conversations around the potential sale of Encore Boston Harbor,” the companies said in a joint statement. As of the close of markets Friday, shares of Wynn fell 4.6 percent, while MGM stock was down 2.4 percent.