There has been some chatter through trading circles this morning that Melco Crown Entertainment MPEL and Wynn Resorts WYNN are going to partner up to build a new casino and entertainment resort in Taipa, which is only a few miles down the road from Macau. This new complex is rumored to be twice the size of the current WYNN complex in Macua; it would be one of, if not the, largest casinos in the world.
This could be a huge win for Melco Crown Entertainment given their much smaller size than Wynn Resorts (market capitalization of $2.2 billion versus $10.6 billion).
Shares of MPEL are higher on the session by 0.97%, currently trading at $4.16.
Shares of WYNN are higher on the session by 0.37%, currently trading at $86.35.
WYNNWynn Resorts Ltd
$85.993.32%
Edge Rankings
Momentum42.71
Growth44.67
Quality-
Value37.37
Price Trend
Short
Medium
Long
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