Wynn Resorts Chairman and CEO Steve Wynn told CNBC on Wednesday that he is considering moving the company's global headquarters from Las Vegas to Macau. He also opened his latest hotel and casino in Macau Wednesday and said he aims to start building a massive new resort in the Chinese gambling mecca next year.
“It is not improbable or unrealistic considering so much of our revenue is from China that it makes sense that I spend most of my time here,” Wynn said of a possible move. “I'm seriously considering that and I am weighing the implications of how I engineer that.”
Wynn Resorts said in February it lost $5.2 million, or 4 cents per share, during the fourth quarter of 2009, compared to a loss of $159.6 million, or $1.49 per share, in the fourth quarter of 2008. Net revenue for the fourth quarter of 2009 was $809.3 million, compared to $614.3 million for the same period of 2008.
via Wynn opens Macau casino, weighs moving headquarters – Las Vegas Sun.
