Wynn Resorts is no longer pursuing the sale of its Boston casino to MGM
investigation revealed a years-long history of allegations against Steve Wynn that were followed by financial settlements to multiple accusers. Steve Wynn has denied all allegations of sexual misconduct.
The potential deal was a head-scratcher to many casino watchers because the Massachusetts Gaming Commission, after a yearlong investigation into how Wynn Resorts did not disclose the multiple sexual misconduct allegations against Wynn, ruled in late April that Wynn Resorts could keep its Massachusetts gaming license—if itNews of the potential sale angered many local politicians.
on Monday. “I don’t think I would have done a host agreement with anyone else. And now they’re going to sell it? No.” MGM Resorts said in a statement that it was halting further talks about acquiring the Boston-area casino. “We have noted the anxiety raised by various stakeholders regarding a transaction and this troubles us at MGM,” the company said. “We only wish to have a positive impact on communities in which we operate. We think the best course of action is to discontinue discussions concerning this opportunity.”I cover the world’s richest people as a member of the Forbes Wealth Team. Before Forbes, I was a staff writer at Inc.
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