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Gaming mogul Steve Wynn told reporters prior to the grand opening of Wynn Encore, the $600 million expansion of Wynn Macau, that he is seriously considering shifting the company’s headquarters from Las Vegas to Macau.
Wynn Resorts makes more than half of its operating cash flow from its Macau unit compared to Las Vegas were gambling revenues have been eclipsed by Macau.
“It is not improbable or unrealistic considering so much of our revenue is from China that it makes sense that I spend most of my time here,” said Wynn. “I’m seriously considering that and I am weighing the implications of how I engineer that.”
“I love it out here” Wynn said “I’m going to bring it (the potential relocation of Wynn Resorts’ headquarters) up at our board meeting in May. But I have to persuade my staff first.”
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