Retail in Asia

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Wynn Macau shrugs off Singapore “threat”

Las Vegas and Macau gaming mogul Steve Wynn dismissed the threat of new casinos in Singapore after high rollers from China pushed VIP betting volumes at the Wynn Macau to a new record of USD16.9 billion in the three months to December.

"Our customers are from China, and Singapore is further away," Wynn told investors in February. "I think that Singapore will develop its own market, closer to itself, in a very organic and well-considered way. But to think of the two casinos in Singapore as a direct threat to Macau I think is to misunderstand the Singapore market."

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(Source: scmp.com)