Macau being a former Portuguese colony and China’s gambling enclave is experiencing a battle of control that strongly reminds of a cruel and aggressive fight.
Casino operator Wynn Resorts planning to open its Wynn Macau resort on September 5, announced their decision to sell the right to build a casino resort in Macau to Australian media and entertainment group Publishing and Broadcasting the value of which runs as high as $900 million and five times exceeds its forecast sum.
Obviously the above agreement does not spoil Wynn’s plans to construct its own casinos in Macau, and it helps to prevent the world’s largest casino operator, Gary W. Loveman’s Harrah’s Entertainment, from entering Macau gambling business.
Wynn’s license was the last one available in the former colony until at least 2009. The decision made is explained by Wynn’s vital focus in Macau and their willingness to enhance the future opportunities of the former Portuguese colony, and having allowed PBL to enter the business they definitely made an outstanding attempt to improve, upgrade and expand the quality of investment there. In the end future positive perspectives of the gambling business in Macau are associated with future positive perspectives for Wynn Resorts.