Wynn Resorts Ltd. President and CEO Matt Maddox said the company's $2.5 billion Boston Harbor casino under construction in Everett, Mass., is not up for sale, The Las Vegas Review-Journal reported May 16, citing remarks made by the executive during the Las Vegas-based hotel and casino operator's annual meeting.
Maddox dismissed earlier reports that Wynn Resorts was mulling a sale of the project to rival MGM Resorts International, calling them "media speculation," according to the newspaper. MGM Resorts CEO James Murren previously said a deal was unlikely and would be "an extremely unique situation."
Maddox, who was appointed as CEO following the resignation of Steve Wynn in February, also reportedly gave details about the company's plans in the Las Vegas, Macau and Japan markets.
In Las Vegas, Wynn Resorts is building a 400,000-square-foot convention center that is expected to be completed in mid-2020, and is also developing a lagoon featuring beaches and water sports. Following those projects, the company plans to construct a new resort in the city on a 34-acre plot of land near the Wynn Las Vegas.
Wynn Palace in Macau, meanwhile, will add new restaurants and amenities.
Maddox also told investors at the annual meeting that the company was looking to work with high-level Japanese executives, with an aim to put together a bid for a resort project in Japan once the government starts accepting proposals, according to the report.
