Renewed concern about the influence of organized crime in Macau, where three Las Vegas-based gaming giants own casinos, has raised questions about the ability of Nevada regulators to monitor or act on what takes place on the other side of the world.
Industry titans Steve Wynn and Sheldon Adelson view their companies as more Asian than American. Wynn’s Macau casino accounted for 67 percent of his company’s 2009 earnings. Adelson’s three Macau casinos accounted for 90 percent of Las Vegas Sands’ earnings last year. The companies raised $5 billion in initial public offerings of their Macau subsidiaries’ shares last fall.
Read More:
0 comments:
Post a Comment