Melco Crown and Wynn Resorts Rumored to Build Largest Casino in Macau (WYNN, MPEL)

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.