Quote:
Originally Posted by reckless
While the market does indeed like clarity, the market likes it much, much more that the Everett, MA. deal will now get done without any hitches and that the Chinese government will leave the old and newer Wynn projects alone.
Wynn Resorts gets 70 per cent of its profits out of Macau and with Stevie wonderboy resigning, the risk of the Chinese government causing trouble was taken off the table.
Expect Wynn Resorts and MGM Grand to merge in 2018. Pick a date. It's a lock.
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I just saw this now. That would be interesting; MGM has a market cap of $19.65 billion and WYNN's is $16.95 billion. I wonder if it would get past the Justice Department? Vegas is pretty much MGM and Caesar's properties right now. A few smaller ones like Boyd thrown in, as well. I would think the WYNN board would resist, unless it was a ridiculous offer.