"Macau was the growth engine — that has slowed down. You've got Vegas, which is the old world, but that's not all so fiery," Dawes told CNBC in a phone interview last month.
In other parts of the world, it's "harder and harder" to find sites that gamblers will visit, he added. "To find growth for these companies, they either, one, have to buy somebody out, or consolidate with each other — so like a merger, or an aggressive takeover — to generate the sales and to generate the growth going forward," he said.
Harry Curtis, a managing director at Nomura Instinet, suggested that there's "more noise" around consolidation because bankers have a "mandate" to look for buyers.
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