Wynn, MGM Talk Sale Of Encore Casino

Wynn, MGM Talk Sale Of Encore Casino


LIVE FROM THE CHANNEL 4 STUDIOS IN BOSTON, THIS IS WBZ NEWS AT 11:00. SELLING BEFORE OPENING. THE BOSTON AREA CASINO IN THE WORKS FOR YEARS SET TO OPEN IN JUST WEEKS COULD BE UP FOR SALE. THE EVERETT RESORT IS IN TALKS RIGHT NOW WITH MGM WHICH ALREADY OWNS A CASINO IN SPRINGFIELD. GOOD EVENING TO YOU. I’M DAVID WADE. I’M LISA HUGHES. THIS POSSIBLE MOVE IS UNSETTLING NEWS FOR THE CITY. THE ENCORE SINCE HAS YET TO OPEN BUT ONE RESORTS IS TALKING ABOUT POTENTIALLY SELLING IT. MANY HERE IN EVERETT JUST WANT IT TO BE A SUCCESS. WORKERS ARE PUTTING THE FINAL TOUCHES ON THE ENCORE BOSTON HARBOR IN EVERETT. THE DOORS OPEN IN ABOUT A MONTH. THE OWNER SAYS IT IS IN PRELIMINARY TALKS TO SELL THE $2.6 BILLION CASINO TO MGM RESORTS. EVERETT CITY COUNCILER. WE’RE LOOKING FORWARD TO A GRAND OPENING OF A 5-STAR OPERATION. TO MY UNDERSTANDING, MGM IS NOT 5-STAR. THEY’RE 3-STAR. Reporter: THE ANNOUNCEMENT COMES SHORTLY AFTER THE MASSACHUSETTS GAMING POSITION FOUND WYNN EXECUTIVES FAILED TO DISCLOSE SEXUAL MISCONDUCT ALLEGATIONS AGAINST THEIR THEN-PRESIDENT. IT DOESN’T MATTER WHO HAS THE CASINO, AS LONG AS IT’S OPEN. Reporter: THEY RELEASED A STATEMENT SAYING, OUR CONVERSATIONS WILL NOT IMPACT THE OPENING OF ENCORE BOSTON HARBOR. IF A SALE HAPPENS, UNDER STATE LAW, MGM WOULD HAVE TO GIVE UP ITS SPRINGFIELD CASINO TO TAKE OVER THE EVERETT OPERATION. I WANT TO SEE THIS MOVE FORWARD IN A POSITIVE WAY. BUT I’M DISAPPOINTED IF ENCORE HASN’T EVEN OPENED THE DOORS AND THEY’RE TALKING ABOUT SELLING IT. Reporter: WYNN AND MGM SAY REGARDLESS OF WHERE THE TALKS LEAD TO, THEY’LL MAKE SURE THEIR COMMITMENTS ARE MET. ANY TRANSFER OF LICENSE WOULD

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