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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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Women in Hotels – Taking on the World

Category: Hotels, Posted:07 Aug 2020 | 11:50 am C9 Hotelworks and Delivering Asia Communications are hosting a special virtual event titled Women in Hotels – Taking on the World. The one-hour online is event is set for  Wednesday 19 August 2020 at 3:00 pm Bangkok / 4:00 pm Singapore / 9:00 am London. Participation is free. Sign up Ready. Set. Go. It’s 2020 […]
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Phuket’s Pavilions Headed To Palawan

Category: Real estate, Posted:06 Aug 2020 | 11:03 am Phuket born Pavions Hotels and Resorts has inked a deal for a 96-villa luxury resort in El Nido, Palawan, Philippines. The mixed use property will offer one and two bedroom villas and a twenty over-water villas with private pools. A series of hotel branded properties are being sold from USD250-500,000. An opening is expected in […]
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All Zoomed Out. How Collaboration Has Become the Kill Switch of Hotel Creativity

Category: Opinion, Posted:03 Aug 2020 | 09:20 am There is no mistaking the sound of a flushing toilet. It’s not a sudden rainstorm, or the whoosh of a juiced up, flash mob of joggers on steroids passing by on the street. Arguably, it’s a dirty little low-pitched thunder from down under that somehow triggers the gag reflex. Remember Trainspotting?  Welcome to the world […]