Wynn Macau to draw interest beyond 2022

According to Telsey Advisory Group, a potential sale of Wynn Macau Ltd may draw “more than enough” suitors in the future.

Macau.- US-based casino group Wynn Resorts Ltd may soon break up and some of its component parts may be sold, including Wynn Macau Ltd. According to Telsey Advisory Group LLC, in case the Asian subsidiary was to be sold, there would be “more than enough” suitors to acquire the operation.

In a note published by the group last week, analyst Brian McGill said its still unclear how many US companies will be able to operate in Macau after the four gaming concessions that are currently active finally expire in 2022. “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,” he assessed.

“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,” Mr McGill said on a potential sale.

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