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Wynn exits Osaka casino race

Oct. 14, 2019 8:57 AM ETMGM, WYNNBy: Clark Schultz, SA News Editor2 Comments
  • 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.

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