The Government received notice today from Wynn Resorts Macau regarding the resignation of Mr Stephen Wynn as chairman of its board of directors and as its chief executive.
Mr Wynn has also resigned from his executive and directorial roles at Hong Kong-listed Wynn Macau Ltd; and at Wynn Resorts, Ltd in the United States of America, noted the Gaming Inspection and Coordination Bureau of the Macao SAR.
In view of allegations of misconduct against Mr Wynn in the U.S., Macao’s Secretary for Economy and Finance, Mr Leong Vai Tac; and the Director of the Gaming Inspection and Coordination Bureau, Mr Paulo Martins Chan, held a meeting recently with Executive Director of Wynn Macau, Ms Linda Chen, to gain a better understanding of the situation.
The Government officials have directed the company to keep the Bureau informed – in a timely manner – of any updates to investigations into Mr Wynn’s alleged misconduct, and any other information relevant to regulatory matters.
During the recent meeting with Ms Chen, the Government officials reiterated that major shareholders, directors and principal employees of Macao’s gaming concessionaires were required to meet certain suitability requirements under existing laws. The Bureau would strictly monitor and enforce such requirements.