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Inside Gaming

Despite the rumor, an MGM-Wynn merger is off-base

CNBC host and financial gossip monger Jim Cramer set the gaming investment community abuzz last week. Cramer told his “Mad Money” audience there was “speculation” that Wynn Resorts Ltd. “might merge” with MGM Resorts International. But the notion of a MGM-Wynn merger is ludicrous.

Chinese government almost seems to be purposely torpedoing Macau

If we didn’t know better, one might believe the Chinese government is trying to sabotage Macau’s already sinking gaming market. Nine straight months of casino revenue declines, including a record 49 percent drop in February, are attributable to a government imposed crackdown on corruption. Apparently, more government restrictions are on the way.