Las Vegas Sands is interested in acquiring three casino operators. Follow us to get your online casino USA no deposit bonus 2020.
Las Vegas Sands CEO Sheldon Adelson confirmed last month that his company was interested in mergers and new partnerships, an analyst at boutique investment bank Union Gaming said, citing three casino operators as possible potential targets. According to them, the Las Vegas casino giant will have an interest in such a merger with these three operators.
Union Gaming analyst John DeCree said last week that Wynn Resorts, Okada Manila and Crown Resorts are casino operators that could one day become a target for Las Vegas Sands. According to DeCree, Wynn is the most likely candidate. three casino operators, as their acquisition would make the most strategic sense for Las Vegas Sands.
Las Vegas Sands CEO Sheldon Adelson said they were “interested in M&A” and could acquire one or more operations as long as the price was right. The veteran of the casino industry said his company had “the best balance in the industry” and that its market cap was “equal to the combined market capital of all other competitors in the United States combined.” The Las Vegas Sands market cap currently stands at more than $ 37 billion.
Mr. Adelson said in April that although it has no plans to abandon the development of integrated resorts, it is adopting a strategy for construction and development, but will initially want to acquire several operators.
What is the reason why the acquisition of Wynn is the most logical?
According to DeCree, the acquisition of Wynn would make the most sense for Las Vegas Sands, as it would add $ 1.6 billion in EBITDA as well as cost synergies, and would give the company an additional 2,700 hotel rooms in Macau. With the eventual acquisition of Wynn, Las Vegas Sands will also significantly increase its position in Macau.
Las Vegas Sands is already the leader in the mass market in Macau, while Wynn takes care of the VIP segment.
However, according to Union Gaming, the government of the only Chinese territory where casino gambling is allowed is unlikely to allow a deal that would effectively increase Sands China’s market share from 24% now to almost 40% after the merger.
According to DeCree, Okada Manila and Crown Resorts are two other likely acquisition targets for Las Vegas Sands. The potential purchase of Okada Manila would ensure the entry of the casino giant into a third Asian market. The company currently operates properties in Macau and Singapore.
The third company, Crown Resorts, is under investigation for alleged links to Asian organized crime, which could largely hamper its acquisition by Las Vegas Sands. Dont forget to follow us to get your online casino USA no deposit bonus 2020.