Monday, June 27, 2022

Wynn Resorts still looking for casino acquisitions


Wynn Resorts said it is still open to acquiring “tier-one first class” casino operators, despite walking away from a Crown Resorts acquisition deal last month.

According to a report from Sydney Morning Herald, last week, Wynn chief executive Matt Maddox said the company is not pursuing any acquisitions at this stage, but will be “looking at opportunities that you can’t replicate through development.”

Maddox said they would look for "tier-one, first-class assets with licences that are protected in cities that are global destinations.”

Industry experts said that Wynn would be especially interested in Australia due to its proximity to Asia, and the uncertainty surrounding the renewal of Wynn Macau’s casino license in 2022.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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