A big upset in the emerging New England casino industry



[ad_1]

Saturday, May 18, 2019

See larger +

An important potential casino contract in New England

MGM, owner of the Springfield casino, is now discussing with Wynn Resorts the purchase of the Encore Boston Harbor casino and casino in Everett, Massachusetts.

Still expected to have a significant negative impact on Twin River's revenue: its opening is scheduled for June.

Wynn Resorts and MGM have been engaged in discussions over the last few weeks about the potential sale of the Wynn's Encore Boston Harbor property in Everett, Mass., The companies said Friday in a statement. rooms should open in June, "reports the Wall Street Journal.

"The talks" are very preliminary and of the kind that often participate in publicly traded companies like ours. In fact, when such opportunities are presented, we must explore them, "said the companies in a joint statement," We can not say today where these discussions will lead, but we can reaffirm our commitment to the communities. where we operate today, "says WSJ.

GoLocal contacted Twin River CEO John Taylor to see if his company was discussing Wynn's Encore facilities. He did not respond to inquiries.

The MGM casino in Springfield has underperformed its projects and its monthly gaming activities have stagnated since it opened in August 2018.

In September 2018, the first full month of the properties generates a total business turnover of $ 190 million. It exceeded that number only once – in March, MGM Springfield spent $ 200 million, but dropped back to $ 175 million in April.

Enjoy this post? Share it with others.

[ad_2]
Source link