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DiscoverGold

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Saturday, 05/18/2019 8:42:54 AM

Saturday, May 18, 2019 8:42:54 AM

Post# of 1367
Wynn Resorts in talks to sell Encore Boston Harbor to MGM
By: American City Business Journals | May 17, 2019

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...

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