On Thursday, shares of Wynn stock were up 7 percent, as a rumor floated around Wall Street: Wynn Resorts might merge with MGM Resorts.
Who knows if this gossip is true. But for the sake of argument, is it really in Wynn's interest to merge with MGM? I can see the upside for MGM, but I'm not sure Wynn would benefit much, beyond domination of the Strip. On the other hand, with falling revenue in Macau, maybe a greater investment in Las Vegas is a smart move for Wynn.
At least he'd finally regain ownership of his masterpiece: Bellagio.
Well if MGM ever took over The Wynn, it would be a heckuva lot better than if CZR took over!
No. Mr. Wynn will be all in until the end. He had the means to head off into the sunset after the Bellagio sale, but couldn't stay out of the game. He needs to keep building bigger and better.Quote: MrV
... can such a player ever REALLY get out of the game?