In a shocking turn of events, Wynn Resorts has announced that they are backing away from their planned $400 million expansion at the Encore Boston Harbor casino. The announcement comes just months after the company unveiled their ambitious plans to add a luxury hotel tower, ballroom, and additional gaming space to the already opulent resort.
The decision to cancel the expansion project was reportedly made after a series of internal discussions within the company. Wynn Resorts cited a variety of factors for their decision, including the uncertain economic climate and the ongoing challenges posed by the COVID-19 pandemic. In a statement released by the company, Wynn Resorts CEO Matt Maddox explained, “While we remain committed to providing our guests with the very best in luxury accommodations and entertainment, we believe that it is in the best interest of our shareholders to focus on maximizing the current facilities at Encore Boston Harbor rather than investing in new expansion projects at this time.”
The news of the cancellation has sent shockwaves through the local community, as the expansion was expected to bring hundreds of new jobs and millions of dollars in revenue to the area. Many had hoped that the project would help to revitalize the local economy and attract more visitors to the bustling resort.
Despite the setback, Wynn Resorts is assuring guests that they will continue to provide the same world-class amenities and services that have made Encore Boston Harbor one of the top destinations in the region. The company also confirmed that they are exploring other opportunities for growth and expansion in the future.
As for the future of the Encore Boston Harbor expansion project, it remains unclear whether Wynn Resorts will revive their plans at a later date or if the project has been permanently shelved. In the meantime, guests can continue to enjoy all that the luxurious resort has to offer, from its stunning waterfront views to its top-notch dining and entertainment options.
