{"id":6623,"date":"2020-05-21T11:27:56","date_gmt":"2020-05-21T11:27:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6623"},"modified":"2026-04-24T05:04:30","modified_gmt":"2026-04-24T08:04:30","slug":"steve-wynn-gaming-sector","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/steve-wynn-gaming-sector","title":{"rendered":"Steve Wynn forecast a fast recovery for gaming sector"},"content":{"rendered":"\n

Former Wynn Macau CEO said expects the gaming sector to bounce back once border restrictions have been lifted.<\/p>\n\n\n\n\n\n\n\n

Macau.- Steve Wynn, former Wynn Macau CEO, said he expects a quick recovery for the gaming industry once the border restrictions<\/strong><\/em><\/a> imposed by Mainland China are lifted.<\/p>\n\n\n\n

In comments to FOX Business, Wynn pointed to the thousands of Chinese tourists that have visited Henqgin\u2019s large amusement park resorts shortly after their re-opening post Covid-19.<\/p>\n\n\n\n

“That\u2019s the kind of energy that has been suppressed and will jump out. I believe there will be business and that people are going to come back, hopefully, they will do it safely,” Wynn said.<\/p>\n\n\n\n

Mainland China, Macau and Hong Kong have maintained discussions about reducing travel restrictions and quarantine requirements this month but there has been no indication lifting restrictions to date..<\/p>\n\n\n\n

Wynn revealed that 65 to 70 per cent of Wynn Resorts profits were generated by its Macau SAR operations through Wynn Macau.<\/p>\n\n\n\n

Following several allegations of sexual misconduct, <\/a><\/em><\/strong>Wynn resigned as chairman and CEO of Wynn Resorts and Wynn Macau in 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former Wynn Macau CEO said expects the gaming sector to bounce back once border restrictions have been lifted.<\/p>\n","protected":false},"author":2,"featured_media":6627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Former Wynn Macau CEO, Steve Wynn, anticipates a swift recovery for Macau's gaming sector upon the lifting of Mainland China's border restrictions, drawing parallels to robust domestic tourism observed post-COVID-19 in regions like Henqgin. Wynn highlighted that Wynn Resorts' Macau SAR operations historically generated 65-70% of its profits, underscoring the market's significance. Discussions between Mainland China, Macau, and Hong Kong regarding eased travel protocols are ongoing, though no definitive timeline for restriction removal has been indicated.","focusai_entities":"Steve Wynn, Wynn Macau, Wynn Resorts, FOX Business","focusai_location":"Macau, Mainland China, Hong Kong, Henqgin","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific GGR growth projections are analysts now modeling for Macau in H2 2023, assuming a Q3 border reopening, and how do these compare to pre-pandemic visitation and spend per patron metrics?"},{"label":"Operator Strategic Shifts","query":"How are integrated resort operators with significant Macau exposure strategically re-evaluating their non-gaming asset development and marketing initiatives in anticipation of a potential market rebound?"}],"footnotes":""},"categories":[160,157,16338],"tags":[257],"class_list":["post-6623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6623"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6623\/revisions"}],"predecessor-version":[{"id":6640,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6623\/revisions\/6640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6627"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}