Wynn Plays Roulette With the Chinese 01.03.2012

Roulette News

Steve Wynn (chairman of Wynn Resorts) and Kazuo Okada (CEO at Universal Entertainment) have previously had a blossoming business relationship. They have both benefited greatly from financial partnerships involving the inauguration of casinos in gambling hotspots like Macao and Las Vegas. Up until now, Okada has been owner to a fifth of Wynn Resorts shares.

However, Wynn and Okada have fallen out over plans with regards to building a gambling resort in the Phillipines. This is due to the fact that this resort would become a regional competitor. The board at Wynn Resorts has consequently voted to set Mr Okada's stake at 30% below the current share price over a period of 10 years.

It would be greatly beneficial to Wynn Resorts shareholders if Okada were to agree to these terms as they would become beneficiaries of a cheap buyback option. All parties are now eagerly awaiting whatever decision Okada will choose to make.

Nonetheless, it goes without saying that Wynn Resorts will manage fine whatever the outcome. This incredibly successful company has outperformed its rivals MGM and Vegas Sands by 120% and 80% respectively during the course of the past 5 years.

Wynn Resorts offer one of the most extensive game selection casino players can find. Beside the amazing selection of electronic games such as slot machines and video poker machines, there are ample table games and card games offered in a selection of variants. These include American roulette, European roulette, Racetrack roulette and a selection of different blackjack games. All this can be wrapped up in different hotel hospitality packages that suit every type of player and spending budget.

Having said that, what makes this piece of news the most interesting is the fact that the Asian gambling market appears to be surpassing the gambling market in the U.S. at lightning speed. Gaming revenues in Macao have skyrocketed this past year. It is apparent that a large proportion of gamblers, whether they prefer to play roulette, slots or blackjack, are turning to alternative outlets to satisfy their gambling desires. An increasing number of gamblers also choose to play casino games online at some of the best online casinos on the internet.

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