Casino News

Wynn "a more likely buyer" of MGM Mirage properties

2009-04-14 12:17:19

Wynn Resorts has been described as "a more likely buyer" of some of the reportedly for sale MGM Mirage casinos than other gambling operators, such as Penn National Gaming.

Steve Green of the Las Vegas Sun assessed the situation regarding potential suitors for MGM Mirage properties and suggested that Wynn is in a good position to make a move.

Its owner, Steve Wynn, helped to develop a number of MGM Mirage's most famous properties, including The Mirage and Bellagio, and recently told John Ralston's Face to Face that he might be interested in getting involved in the two resorts again.

Wynn Resorts currently owns two casinos, Wynn Las Vegas and Wynn Macau.

While a large number of gaming giants are struggling amid the global financial crisis, the company is thought to be in a relatively strong position.

Its net revenues were recorded at $3 billion for 2008, up 11.2 per cent compared to the year before.