The fallout from the sexual harassment allegations against casino tycoon Steve Wynn has spread to Macau, a crucial cash cow for his eponymous company, after the local gambling regulator said it was “concerned” about the claims made against him in the US.
Macau, the only part of China where casinos are legal, has been booming. Last year the enclave generated 71 per cent of the adjusted earnings at parent company Wynn Resorts, where Mr Wynn is chairman and chief executive as well as owning nearly 12 per cent of the shares.
Wynn must re-bid for its Macau casino licence in 2022, and worries about the impact of the allegations that Mr Wynn sexually harassed women who worked at his casinos have unnerved investors.
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