Fake Wynn Macau organisation, brought down

The mainland police managed to break down an online fraud group that used the name Wynn Macau to run an investment scam.

Macau.- Some people may have recently got an unpleasant surprise after Wynn Macau scammed them. However, the mainland police finally got to the online fraud group, which used the casino’s name to scam others.

The police authority in Guizhou explained the group used social media to seek potential victims. They assured they were investment experts under the Wynn Macau name and got quite a few people involved.

Through an app named as the Macau casino, the group scam 200 people in a fortnight, generating losses of €7.1 million.

What the real Wynn has been up to

The Board of Directors of Wynn Resorts has announced that it unanimously agreed to extend Matt Maddox’s contract as Chief Executive Officer (CEO) through 2022. He started that position in early 2018.

The decision was announced on Tuesday, as the board believes that Maddox successfully navigated the company through its most difficult and challenging circumstances. “He has rebuilt a solid strategic plan and capital foundation which now positions Wynn Resorts to enjoy what the Board of Directors and I believe will be a period of remarkable growth and success,” said Wynn Resorts Chairman of the Board Philip G. Satre.

“This year alone, Matt and his team successfully opened Encore Boston Harbor. They reinvigorated Wynn Macau with a full renovation, completed the expansion of the Wynn Las Vegas convention center and solidified our creative expansion plans for Wynn Palace in Macau which provides us with an enviable pipeline for growth and innovation.”

Matt Maddox said: “No one person is singularly responsible for the success of any enterprise.  I deeply appreciate the support the Board has demonstrated both for me personally, and the Wynn team collectively.  I feel strongly that the future of Wynn Resorts has never been so bright.”