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Macao Winners Announced
On February 8, the Chinese government announced the winners of the bidding for the lucrative Macao Gambling contracts. Major contenders and eventual winners were Macao Tourism and Amusement Company, Wynn Resorts (Macao) Ltd., and Galaxy Casino Co. Ltd. Alternates were MPM Entertainment Co. Ltd., MGM Mirage (Macao) Ltd., and Macao Star Ltd. The Wynn group appears to have a definite edge based on their track record and it would come as no surprise if they were able to capture this significant prize. The fact that Wynn Resorts was given
preference over MGM and Park Place “must be considered a personal
triumph for Steve Wynn.”
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