Last year, the company paid $1.7 billion to acquire the real estate associated with Encore Boston Harbor from Wynn Resorts, which continues to operate the hotel-casino through a long-term lease. said in a statement last week it viewed the transaction as an investment opportunity.
MGM Resorts International will continue to operate the Bellagio after a San Diego-based investment firm said it was acquiring a 21.9 percent ownership of the Strip hotel-casino from Blackstone Real Estate Americas for $950 million.
