The Macau casino market is not what it used to be, but as Steve Wynn was recently telling financial analysts, “there is no shortage of wealthy gamblers in China and there is no shortage of premium mass (market) players.”
A sizeable chunk of the VIP market has been avoiding Macau during recent months because of several factors such as the government’s anti-corruption probes, but Wynn maintains that there is a huge appetite for entertainment products such as his company’s $4.1 billion Macau Palace.
“Let’s not think that all VIP players have disappeared because that is simply not the way it works. We will still be able to fill our casino with the best customers available in the market.”
Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: [email protected].