The Government is closely monitoring the situation following a recent transaction of shares at Wynn Resorts Ltd, parent company of Macao gaming concessionaire Wynn Resorts (Macau), S.A..
Based on the information presented to the Government, the transaction had not violated Clause 10 of Article 17 in Law No. 16/2001, nor had it brought any negative impact on the operation of Macao’s gaming industry, stated the Gaming Inspection and Coordination Bureau.
The Government had been previously informed by Wynn Resorts (Macau) about the sale of Mr Stephen Wynn’s shares of common stock in Wynn Resorts, and that latter company’s intention to change its shareholder equity structure. The Government has held meetings with Wynn Resorts (Macau) in order to gain updated information on the matter.
The Government will continue to monitor and analyse developments regarding the changes in the shareholding structure of Wynn Resorts and the possible influence of that on the related Macao concessionaire.
The Government, as always, strictly monitors and enforces Macao’s gaming regulations and laws, including maintaining oversight regarding any changes in stock ownership and shareholdings affecting the city’s gaming concessionaires, in order to ensure a healthy development of the sector.