http://www.wealthwire.com/news/global/1157
Casino Mogul Steve Wynn: We're a Chinese Company Now
Posted by Adam Sharp - Tuesday, May 17th, 2011
Casino Mogul Steve Wynn says his firm is now a 'Chinese company'. Gambling revenue on the island of Macau (off the coast of China) has grown to 4x the size of Las Vegas.
Wynn Resorts (Nasdaq:WYNN) stands to profit from Asia's booming gaming industry.
More from Breitbart:
American casino mogul Steve Wynn said Tuesday that his US-based gaming firm has become a "Chinese company" as it held its first annual meeting in Macau, now the world's biggest gaming hub.
"We think of ourselves very deeply as a Chinese company in many respects," Wynn told reporters, adding that the firm's revenue growth in Macau "clearly indicates that to be so".
"We think of ourselves very deeply as a Chinese company in many respects," Wynn told reporters, adding that the firm's revenue growth in Macau "clearly indicates that to be so".
Wynn Macau's first-quarter revenue of $865.7 million accounted for two-thirds of Wynn Resorts' $1.2 billion in total revenue, underscoring how US operators are betting on the city's future growth.
Key stats for WYNN:
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