Wynn In 'Early Talks' To Sell Boston Harbor Project: Report

EVERETT, MA – Wynn Resorts is "in talks" to sell its $2.4 billion Boston Harbor project in Everett to competitor MGM Resorts, according to a Wall Street Journal report. The Journal cited sources familiar with the potential deal, which is still in the early stages and may not end up in a sale.

Such a sale would be challenging due to Massachusetts regulations, which prohibit more than one casino per company. MGM is currently wrapping up construction on its Springfield casino, which is slated to open in Q3 of this year.

Any potential sale would only apply to the Everett resort and casino and no other Wynn properties, the Journal reported.

Meanwhile gaming officials continue their review into Wynn Resorts amid multiple sexual misconduct allegations against Steve Wynn, who stepped down as chairman and CEO and sold his shares in the company. Wynn Resorts has asked the gaming commission to remove Wynn as an "individual qualifier" for its Massachusetts casino license.

The gaming commission will hold a public hearing in about three weeks to consider Wynn Resorts' request.

Read more from the Wall Street Journal.

Photo Credit: Wynn Boston Harbor