MGM interested in purchasing Wynn Resorts

MGM Resorts, which is building a USD 960 M casino in Springfield scheduled to open in September, is also planning on purchasing Wynn Resorts, according to the New York Post.

The company's new $2.4 billion casino project will include a four-star hotel, numerous food and drink venues and entertainment on- and off-site entertainment beyond gaming. It will be located just outside Boston, in Everett.

Wynn's stock prices fell this year following an explosive report in the Wall Street Journal detailing decades of sexual misconduct allegations waged against the company's founder Steve Wynn.

He resigned from the company in February and longtime Wynn employee Matt Maddox was appointed CEO.

Following the allegations against Wynn being made public, the Massachusetts Gaming Commission opened an investigation into whether the company is "suitable" for a gaming license, given the founder's alleged conduct.

Talks involving Maddox are underway about the possible sale of Wynn Boston Harbor, Bloomberg reports.

Wynn Resorts has incurred about $1.13 billion in costs so far on the project, which is scheduled to open in June 2019.

In addition to the Boston Harbor project, resort properties in Las Vegas and on the Chinese island of Macau. Wynn sold Mirage Resorts to MGM in 2000.

MGM owns and operates properties in Las Vegas, Atlantic City, Mississippi, Detroit, Maryland and China.

MGM has previously denied interest in purchasing Wynn Resorts but sources told the Post the sale of his shares by the company's founder has boosted interest.