– News from elsewhere covered by Quincy Quarry News with commentary added.
“Boston is not up for sale” says Wynn Resorts CEO.
Wynn Resorts is not planning to sell its $2.5 billion casino project in Everett, Wynn Resorts chief executive Matt Maddox said on Wednesday in an attempt to tamp down reports that the company had discussed selling the property to rival MGM Resorts International.
Wynn Resorts’ massive gambling resort in Everett is “not up for sale,” the casino company’s chief executive, Matt Maddox, said in a television interview Wednesday.
The future of the Everett project has been up in the air since the Massachusetts Gaming Commission launched an investigation into whether or not Wynn Resorts should retain its Massachusetts casino license.
The probe into the company’s suitability for a gambling license was triggered by a Wall Street Journal story in late January that revealed accusations of sexual misconduct against founder and former CEO Steve Wynn.
Mr. Wynn has since sold out his interest in Wynn Resorts and is now purportedly retired and residing in Las Vegas.
At this point, however, Quincy Quarry is arguably the first news media to opine that Wynn Resorts is facing far more serious problems and which will likely soon be hitting the fan.
That and how the odds are interesting to the touts in the Quincy Quarry newsroom that a Dorchester native will end up owning and operating the pending Everett Casino.