Wynn Resorts Looking for Casino Acquisitions

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

Wynn CEO Matt Maddox said last week that the company is not pursuing any particular acquisitions at this stage, but will be “looking at opportunities that you can’t replicate through development.”

Maddox added that they would look for “tier-one, first-class assets with licenses 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. (AGB)