Genting Group already has casinos in Malaysia, UK, Singapore, Philippines, and US.<\/p>\n
Billionaire Stanley Ho’s monopoly on Macau gambling terminated when the enclave was returned to Chinese control in 2002. Six licensed companies operate today, with Wynn Resorts holding one of the coveted permits. All six will expire in either 2020 or 2022.<\/p>\n
SJM Holdings, Ho’s empire, will first terminate with MGM Resorts in 2020. Wynn, along with Las Vegas Sands, Galaxy Entertainment, and Melco Resorts, will expire two years later.<\/p>\n
Chinese officials are rumored to be against allowing any of the six from obtaining too much control over the Macau casino market. That’s why the Bernstein analysts opined that while Sands has been thought to be a leading Wynn takeover contender, the hypothetical resulting company “may not be palatable.”<\/p>\n
\n“Macau would not want to see such concentration,” Bernstein concluded. Sands China, the Las Vegas Sands subsidiary, already owns roughly 35 percent of Macau’s four and five-star hotel rooms.<\/strong><\/p>\n<\/blockquote>\nMarket control problems would also pose problems for the enclave’s remaining licensees in assuming Wynn assets. But Caesars Entertainment, which has missed out on the fortunes of Macau’s gambling industry, could present a bid now that the company is out of bankruptcy.<\/p>\n
Bernstein, however, has its doubts. “Caesars Entertainment’s history \u2026 is a problem. The government is not likely to allow Caesars into Macau.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Genting Group might be best positioned to one day acquire Wynn Resorts. That’s according to three analysts at Sanford C. Bernstein Global Gaming Research, who concluded that Wynn’s Macau operations might leave few potential suitors. Analysts Vitaly Umansky, Zhen Gong, and Cathy Huang point to the complexities surrounding Wynn Resort’s two integrated casino resorts in […]<\/p>\n","protected":false},"author":42,"featured_media":73285,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,13592,1],"tags":[],"acf":[],"yoast_head":"\n
Analysts: Genting Group Might Be Favorite for Wynn Resorts Takeover<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n