Wynn’s Everett casino a possible acquisition for MGM

Hampden County

No comment from the State Gaming Commission following a report that MGM might negotiate with Wynn to take over the casino under construction in Everett.

22News asked to speak with both the State Gaming Commission and MGM Springfield about the reports. They both told 22News they don’t comment on rumor or possible transactions.

State statute makes it clear that MGM and other gaming operators in Massachusetts can only have one gaming license through the Massachusetts Gaming Commission.

So if MGM Resorts International took an ownership stake in the Wynn property in Everett, they would have to divest their ownership in MGM Springfield.

This got the attention of Mayor Domenic Sarno who told 22News he was contacted by MGM executives who reassured him of their continued commitment to Springfield.

Mayor Sarno went on to say he is satisfied that the city’s host community agreement protects the city.

State law goes on to say that if MGM were to transfer ownership, whoever took over would have to maintain the exact specifications of the original negotiated agreements and gaming license.

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