Archive for June, 2012

Wynn Doubles Down on Macau

Tuesday, June 19th, 2012

Steve Wynn, chairman of Wynn Resorts has stated that he plans to invest another four billion dollars into another casino property in Macau.  Even with the recent slowing of gambling in Macau, the overall growth is still in line with years past.

The Las Vegas Sands is also planning to continue their expansion in Macau.  Many feel that because China’s economy is slowly winding down from its recent boom, that lenders in Macau may not so freely invest in gaming ventures. Essentially, Wynn Resorts and the Sands would be a private stimulus package for Macau.

However, many feel that Macau still has some good days ahead.  Because, Macau is the only place with legalized casinos in China and still holds the title of the world’s top casino hub it should remain as a source of profit for years.