Grain of Salt Dept: Macau Sale Rumors
We've been hearing a rumor that one of the largest joints in Macau is currently being shopped around. Again, this is a rumor, and because of this we're not going to mention any names unless we get a second opinion confirming the matter.
Unlike Las Vegas, selling casino assets in Macau is restricted to current gaming concession holders. Possible scenarios for sale include being bought out by an existing partner, selling to a current concessioner, or selling to an outside buyer who then strikes up an operational deal with a concessioner (a la MPEL's deal to operate Macao Studio City.)
If this sale is to take place, I see it more as selling off the hotel operations but keeping the casino, sorta like selling shopping promenades to independent operators - a la Taubman deal at MCS and various deals for the Grand Canal Shoppes at both Venetians.
If you've got some inside skinny, feel free to drop a dime.