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Online Casino Conditions >>> Betting News >>> July '07 News


President of Wynn Macau Casino Resort Mysteriously Leaves

by Mike Harrison, News Staff
Writer      Bookmark with del.icio.us
July 6, 2007
 

As successful as Steve Wynn has been with his casinos, and as much as he has done for Las Vegas, Wynn made a huge mistake by making the decision to allow his casino floor managers to share in the tips his table dealers were procuring from patrons. The fight put up by the dealers and the controversy that followed was anything but positive press for Wynn, who was largely made out by the media as a ruthless dictator unwilling to share a penny of his vast fortune. It may now seem that this stigma has some gaming analysts wondering what happened to Wynn's top man at Wynn Macau.

The President of Wynn Macau Casino Resort, Grant Bowie, will be leaving his post this Friday, July 6th according to a statement made by Wynn Resorts earlier in the week. Offering no explanation of Bowie's departure, one can't help but think that Wynn Macau's tremendous success up until this point is winding down. Even though Steve Wynn himself stated that second quarter results for 2007 "significantly exceeded" the financial expectations of the company, the exact numbers will not be released until late July at the earliest.

It's no mystery that Wynn Macau, which opened in September, 2006, is keeping a close eye on their competition. Considering the casino resort has not had the type of competition that it faces in Las Vegas, business has been amazing. However, now that the $2.4 billion Venetian Macau Casino is ready to open in less than a month, and the MGM Grand Macau will be opening their doors in less than six months, Wynn Resorts is understandably prepping for a drop in business.

One such indication was the company's decision to scale back a casino expansion that was originally going to add on an extra 123,000 square feet to the edifice. Now at just over one-fifth the size of the initial expansion, Wynn announced it's 25,000 square foot addition, which includes twenty-five table games and two-hundred slot machines, will open to the public near the end of September, 2007.

Gaming analysts seem to think that Bowie's departure is not a red flag, and that it is unrelated to the current state of affairs in Macau's casino scene, which despite the aforementioned increase in competition, are still quite favorable for Wynn Macau. Whatever Wynn's part is in the matter, and regardless of how he chooses to pay his employees, the fact of the matter is that Wynn Resorts is still one of the best casino resort brands in the world.

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