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Who Wants to Buy Wynn Resorts?

Casinos are in the news Tuesday, following mixed earnings from MGM Resorts International (MGM) and statements from Wynn Resorts' (WYNN) new CEO that he had no knowledge of former chair and CEO Steve Wynn's misconduct. Analysts think that MGM is an unlikely buyer of Wynn Resorts because both companies have Macau properties, and it's unlikely that a single company would have permission to own two casinos on the island—which also knocks out peers like Las Vegas Sands (LVS) and Melco Resorts & Entertainment (MLCO). GGR typically grows about 5% to 10% in January-February over December, Curtis writes, and this year could get a higher boost thanks to the opening of MGM's Cotai property, putting the January-February period up closer to 15% to 20%, sequentially, over December.