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Wynn Macau Empire In Heated Dispute

Category: Tourism, Posted:27 Feb 2012 | 06:00 am

One of the stories to watch in the coming days is the legal dispute between Steve Wynn and his Japanese investor Kazuo Okada.
This tale looks to trail all over Asia with Wynn Macau's Vice Chairman Allan Zeman being quoted in the international press, and the Philippine Amusement and Gaming Corporation (PAGCOR) being citied.
In a nutshell Okada had his shareholding forcibly redeemed by Wynn after alleged payments to PACGOR came to light. The Japanese investor is building a multi-billion dollar gaming project in Manila.
Looks like a large-scale legal battle is in the works. Perhaps Thailand might be better off not having the legalized gaming for the moment given the industry's hard-nosed proposition.

Other News

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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

Category: Hotels, Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]