Wynn Macau plans a casino resort with 2, 000 hotel rooms, expected to open in 2016.
Wynn opened Encore at Wynn Macau, an all-suite boutique hotel, last year to supplement its operations at the Wynn Macau resort.
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But he will continue the celebrated collaboration with Wynn as a board member of Wynn Macau, a separately listed company, as described in our profile of Steve Wynn last March.
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Hong Kong entertainment czar Allan Zeman, whose advice and contacts in the Hong Kong business world helped casino magnate Steve Wynn open the posh Wynn Macau resort in 2006, has resigned from the board of Wynn Resorts this month.
FORBES: Followup on the News: Wynn Resorts Board Loses Zeman, Chen and, finally, Okada
Neither of the two big American casino operators in Macau, Wynn and Sheldon Adelson, have shown an appetite for projects in the Philippines.
The other two winners were Steve Wynn and long-time Macau casino boss Stanley Ho .
Wynn Resorts denies wrongdoing in Macau and said Mr. Okada's challenges to the board process were an attempt to distract from his own alleged misdeeds.
Risks associated with WYNN include increased Chinese regulation over Macau gaming, which could threaten profitability overnight.
Both Las Vegas Sands and Wynn Resorts have already listed their Macau operations in Hong Kong.
Analysts have clearly warmed up to WYNN following the promising report out of Macau.
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The strong cash flows from Macau will provide flexibility for Wynn Resorts to consider other potential development opportunities, says Hendrix.
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You'll find Gaming Partners chips everywhere from the new Hooters Casino Hotel in Vegas to Steve Wynn's new gambling palace in Macau.
The casino, which is also partly owned by MGM, competes for business in booming Macau with spots owned by Wynn Resorts and Las Vegas Sands.
The other two winners were Steve Wynn and Stanley Ho, a longtime casino boss in Macau.
Behind Las Vegas Sands in Macau are U.S.-based competitors Wynn Resorts and, more distantly, MGM Resorts International.
Hotel and casino operators rely more and more on Macau for top and bottom line performance, and Wynn was no exception.
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Wynn Resorts posted a nice earnings beat as Las Vegas, not Macau, fed the bottom line.
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With Chinese demand for entertainment and gambling in Macau surging, companies like Las Vegas Sands, Wynn Resorts, and MGM Resorts have scrambled to move in and get a piece of the action.
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Options investors flocked to Wynn Resorts, as well as other casino resort operators with ties to Macau, right out of the gate this morning.
But before Chen arrived in Asia, Wynn needed a guide and mentor when he was seeking backers for his Macau bid in Hong Kong, where he knew few people.
In sum, the recovery in lodging trends, paced by improved convention activtiy powered by an economic recovery will serve as the primary driver of improved operations in Las Vegas and Macau which should logically attract renewed investor attention to MGM and Wynn.
FORBES: Depressed MGM, Wynn Resorts Are Best Bets On Mighty Comeback of Las Vegas, Macau
Casino operators including Wynn Resorts and Las Vegas Sands derive a big chunk of their revenues from the operations in Macau, while major commodity players like Freeport McMoran depend on strong Chinese demand for copper and other metals to drive top-line growth.
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On the conference call, Steve Wynn even went as far as to say the company does plan to move its headquarters to a new Macau resort set to be opened in 2014.
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