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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
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Wynn opened Encore at Wynn Macau, an all-suite boutique hotel, last year to supplement its operations at the Wynn Macau resort.
FORBES: Wynn Looks Rightly Priced, Not Much Room To Go Higher
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Wynn Macau plans a casino resort with 2, 000 hotel rooms, expected to open in 2016.
FORBES: Betting on Macau, Say They Still Need More Rooms
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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.
FORBES: Options Players Flock To Wynn Resorts
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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.
FORBES: Wynn Resorts: After A Triple, Another Jackpot's Just A Mirage