Wynn Resorts is keeping its Boston casino
Suitors like MGM Resorts and Caesars Entertainment expressed interest in buying the casino and met with Wynn Resorts roughly a month ago, New York Post reveals. Each of the rivals offered prices that were at a significant discount to the construction cost, a source said, so Wynn decided to hold on to the property.
Meanwhile, the Massachusetts Gaming Commission is investigating Wynn Resorts for its suitability to hold a license based on reports that executives and directors knew about Steve Wynn’s alleged sexual harassment.
If the commission strips Wynn Resorts of its gaming license, the amount it could attract in a distressed sale would drop sharply, the source said. The commission is expected to present the findings of its probe this summer.
Wynn’s shares rose 1.2 percent Wednesday, to $192.51.
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