Wynn Resorts and MGM Resorts rise amid merger speculation
Shares in MGM Resorts (NYSE: MGM) and Wynn Resorts (Nasdaq: WYNN) climbed on 30 June amid continued merger speculation surrounding the two Las Vegas-based hospitality groups, the Financial Times reported. MGM’s share price closed the day up 3.8% while Wynn’s stock rose 5.05%, the market report noted.
MGM has a USD 9.9bn market capitalisation, while Wynn’s market cap stands at USD 9.54bn.