Melco Crown and Wynn Resorts Rumored to Build Largest Casino in Macau (WYNN, MPEL)

There has been some chatter through trading circles this morning that Melco Crown Entertainment (NASDAQ:

) and Wynn Resorts (NASDAQ:

) are going to partner up to build a new casino and entertainment resort in Taipa, which is only a few miles down the road from Macau. This new complex is rumored to be twice the size of the current WYNN complex in Macua; it would be one of, if not the, largest casinos in the world. This could be a huge win for Melco Crown Entertainment given their much smaller size than Wynn Resorts (market capitalization of $2.2 billion versus $10.6 billion). Shares of MPEL are higher on the session by 0.97%, currently trading at $4.16. Shares of WYNN are higher on the session by 0.37%, currently trading at $86.35.