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Wynn in talks to sell Encore Boston to MGM

Discussion in 'Casino Industry & Development' started by Kachow, May 17, 2019.

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  1. Jjd234

    Jjd234 Low-Roller

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    Massachusetts won’t lower the fine. If anything they will fine them a lot more to allow them to sell. Of course they won’t call it a fine. I live near Boston. Hard to believe that Wynn spent eight years and upwards of 3 billion dollars to enter this market only to sell at last minute. The hotel is an exact replica of Wynn and Encore in Vegas. Would look pretty funny slapping a MGM sign on it. Also room rates are 6-7 hundred dollars a night. That won’t fly around here. I think they will come down quickly.
     
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  2. tvon

    tvon VIP Whale

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    new article: https://www.bostonglobe.com/metro/2019/05/20/casino/x8zrNJkDo8ZBZsSurzXz0M/story.html

     
  3. Kachow

    Kachow Low-Roller

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  4. spdandpwr

    spdandpwr VIP Whale

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    Yeah, but every other state has been welcoming and accepting of casinos so they're probably like why is this different. I personally don't think they like Wynn's leadership team and don't care to see them fail. Steve for some reason had the charisma to charm MGC to concede to his whims and vision. He's the ONLY person to succeed in working with the PRC. I hate to say it, but Wynn Resorts isn't looking too hot and I think Maddox may need to go.
     
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  5. rooster42000

    rooster42000 Patriots #1

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  6. tvon

    tvon VIP Whale

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  7. Matthew

    Matthew Tourist

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  8. rooster42000

    rooster42000 Patriots #1

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    I hope so , but doubt it.
     
  9. spdandpwr

    spdandpwr VIP Whale

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    First they break "talks" with Crown Resorts and now this. So aloof! What's wrong with Wynn. I wont stop visiting them because of any changes in service but because their leadership is appalling
     
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  10. Kachow

    Kachow Low-Roller

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    Maddox definitely needs to go. He is a huge dud on their quarterly earnings calls. I know Steve had to go but this guy is not even close to being a visionary leader. They need someone new.
     
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  11. Chuck2009x

    Chuck2009x VIP Whale

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    At least for now it does. MGM pulled out because the mayor of Everett said "fuhgeddaboudit." I don't really know what kind of appeal process exists, but I'm kind of assuming Wynn can take the MGC to court over offending provision if it wants to.
     
  12. Dean Martin

    Dean Martin VIP Whale

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    I agree 100%....Glad the deal is off (for now anyway) but Maddox needs to go. He's an ex bean counter/banker and has no business running Wynn.
     
    Last edited by a moderator: May 22, 2019
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  13. RPMCanes

    RPMCanes VIP Whale

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    As far as being a visionary, he's not even in the same building as Steve Wynn.
     
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  14. BlacklabberMike

    BlacklabberMike VIP Whale

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    talks are over, opening day has been set,and they got approval to serve alcohol until 4am....

    let the games commence- Khamal Khan
     
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  15. rooster42000

    rooster42000 Patriots #1

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    When is the opening.They got a good deal til 4 am on the drinks
     
  16. BlacklabberMike

    BlacklabberMike VIP Whale

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    they will be bringing in employees on june 3 with a hard opening on june 23, but i wouldn't be surprised if there is a soft opening a day or two before .
     
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  17. carolineno

    carolineno VIP Whale

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    Yay I can’t wait! What’s good to order on the casino floor at Wynn and Encore in Vegas? I wonder if they’ll have the same specialty drinks like the Sinatra Smash...
     
  18. rooster42000

    rooster42000 Patriots #1

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    https://www.yahoo.com/finance/m/c33414f0-c32c-35ea-89d0-46627b33237a/state-gambling-regulators-put.html
    informative
     
    Last edited by a moderator: May 27, 2019
  19. Sonya

    Sonya Queen of VMB

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    As this sale is not happening, I'm closing this thread.
     
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