- Wynn Resorts (NASDAQ:WYNN) confirms it's turning away from pursuing an integrated resort in Osaka to focus instead on the Kanto region of Japan.
- The Kanto region includes the Greater Tokyo Area and the Gunma, Tochigi, Ibaraki, Saitama, Tokyo, Chiba and Kanagawa prefectures.
- The development could give MGM Resorts (NYSE:MGM) a better chance of securing an Osaka gaming concession, with Melco Resorts, Caesars and Las Vegas Sands also out of the race.
- Shares of Wynn are up 0.86% premarket to $113.75.