Apr 6, 2018

Report: MGM interested in Wynn Resorts

Steve Wynn

Steve Wynn. Photo by Jessica Rinaldi/The Boston Globe via Getty Images.

MGM Resorts has expressed "back-channel" interest in buying rival casino operator Wynn Resorts, according to the New York Post:

"Steve Wynn resigned from the company he founded two months ago after allegations of sexual misconduct, and bidders are now circling the gaming company and what some consider its caretaker management team."

Why it's a big deal: If this comes to pass, it would be the second time that MGM has acquired a group of Vegas strip properties first developed by Steve Wynn. The first was in 2000, when it paid $4.4 billion for Mirage Resorts, which included the Bellagio.

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