Steve Wynn Declares His Company as a “Chinese Company”

Does this mean we can expect shady accounting practices ….lol

“American casino mogul Steve Wynn said Tuesday that his US-based gaming firm has become a “Chinese company” as it held its first annual meeting in Macau, now the world’s biggest gaming hub.

Wynn Resorts Ltd. was splitting its headquarters between Las Vegas and Macau, the billionaire executive said, with the company’s revenue increasingly tied to soaring growth in the former Portuguese colony.

Macau posted $23.5 billion in gaming revenues last year, outpacing the Las Vegas strip by at least four-fold. Much of the eye-popping figure is tied to high-roller gamblers from mainland China flooding into the southern territory — the only place in China that allows casino gambling.

“We think of ourselves very deeply as a Chinese company in many respects,” Wynn told reporters, adding that the firm’s revenue growth in Macau “clearly indicates that to be so”.”

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