UPDATE 1-Wynn Resorts in talks to sell Boston Harbor property to MGM - WSJ

(Adds background on Wynn Resorts)

April 12 (Reuters) - Casino operator Wynn Resorts Ltd is in talks to sell its partially built Boston Harbor resort to rival MGM Resorts International, the Wall Street Journal reported https://www.wsj.com/articles/wynn-resorts-in-early-talks-to-sell-boston-area-cas i n o - p r o j e c t - t o - m g m - 1 5 2 3 5 5 6 1 6 5 ? m o d = s e a r c h r e s u l t s & p a g e = 1 & p o s = 1 , citing people familiar with the matter.

The talks are at an early stage and may not result in a deal, the report said. The Boston Harbor resort is scheduled to open next year and would cost about $2.5 billion to build.

Both MGM and Wynn Resorts declined to comment.

MGM has been planning to open a casino in Springfield. However, regulatory issues surrounding a potential deal would be complex as Massachusetts forbids companies from operating more than one casino in the state, the report said.

The deal talks follows the exit of Steve Wynn, the former chief executive of Wynn Resorts, in February, following claims he subjected women who worked for him to unwanted advances. He has denied the accusations.

In March, Wynn disposed his entire 11.8 percent stake in the firm that he founded over 16 years ago for $2.1 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)