We think the best course of action is to discontinue discussions concerning this opportunity.' We only wish to have a positive impact on communities in which we operate. The Boston Globe reported that MGM Resorts in a statement said it 'noted the anxiety raised by various stakeholders regarding a transaction and this troubles us at MGM. 'After careful consideration we have agreed to cease discussions with MGM Resorts.' At times, world class assets attract the attention of others and our board takes seriously its fiduciary duty to review such interest,' the company said in a statement. 'Wynn Resorts prides itself on the design, development and operation of the world’s best integrated resorts.
On Tuesday evening, however, each company announced that their talks ended without a deal. The two Las Vegas powerhouses had confirmed Friday that they were discussing a sale of the Everett property, a transaction that would have upended the still-developing Massachusetts gaming world. Wynn Resorts says it is committed to its Boston-area project. The discussions between Wynn Resorts and MGM Resorts around a possible sale of the soon-to-open Encore Boston Harbor casino in Everett are over.
