Wynn Resorts limits expansion of Macau casino

Wynn Resorts announced that they will slow down the expansion of their Macau casino.

According to the company, increasing competition and tougher visa requirements are among the major reasons for the decision to limit the expansion of its Macau casino. Las Vegas Sands Corp's Venetian Cotai and MGM Grand Paradise are the top competitors of Wynn Resorts in Macau. The Chinese government, on the other side, has imposed stricter requirements for obtaining visas, which had considerably slowed down the traffic to the gambling paradise.

Wynn Resorts now plans to add only 25 tables and about 200 slot machines by the end of the third quarter in Macau.

Published on 06/08/2007