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Wynn Resorts in talks with MGM Resorts to sell Encore Boston Harbor resort

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Wynn Resorts in talks with MGM Resorts to sell Encore Boston Harbor resort

Wynn Resorts Ltd. is in talks with MGM Resorts International to sell its Encore Boston Harbor resort in Massachusetts, the companies said in a joint statement May 17.

"They are very preliminary and of the nature that publicly traded corporations like ours often engage in, and in fact when opportunities such as this are presented, we are required to explore," the companies said in the statement.

The luxury resort is scheduled to open in June. The hotel and casino operators added there is no certainty that a deal could be reached.

Recently, the Massachusetts Gaming Commission retained Wynn Resorts' gaming license following a year-long investigation into the company's handling of sexual misconduct allegations against its former CEO Steve Wynn.

In April, Wynn Resorts abandoned discussion with Australian casino operator Crown Resorts Ltd. for a potential takeover.