Can Las Vegas Sands Buy Wynn Resorts?
Sheldon Adelson, the CEO of Las Vegas Sands (NYSE: LVS), made clear last month that the resort company was in the market for an acquisition. Pointing to Sands' size and financial strength, Adelson told analysts he's not abandoning new developments, but "it does mean that we're interested in M&A."
It would have to be the right target in the right market, namely Asia, and be a resort operator that could complement Sands' own operational attributes. John DeCree, an analyst at the boutique investment bank Union Gaming, thinks Wynn Resorts (NASDAQ: WYNN) would be the perfect target for Adelson.
Let's look at why Sands might make a play for Wynn, but also why it likely won't.
Source Fool.com
