Suitors galore to buy Wynn Macau

Wynn Macau could attract a host of potential buyers in the future. According to Telsey Advisory Group, a potential sale of Wynn Macau Ltd, a subsidiary of US-based casino group Wynn Resorts Ltd, may attract “more than enough” suitors in the future.

The parent company may soon break up and some of its component parts may be sold, including Wynn Macau Ltd.

In a note published by Telsey Advisory Group, analyst Brian McGill said that the fate of US Companies currently in operation in Macau is still not clear when the four gaming concessions expire in 2022.

He remarked: “The issue is that you don’t know what the government thinks in terms of the concession and how many US companies are wanted in Macau past 2022. The Chinese government would need to sign off on the buyer and we think the most likely buyer is likely to be a Chinese firm. We also think the Chinese would have a say over the price.”

Wynn’s shares could increase their value should the company be actively in-play for a takeover, GGRAsia reported. However, it is still unclear whether the Chinese authorities would be up for licence renovations or even approve a potential sale.