Wynn's Embattled $2.5B Macau Casino Gets Green Light

Law360, New York (May 2, 2012, 5:17 PM EDT) -- Wynn Resorts Ltd. has finally secured approvals from the Macau government to build a $2.5 billion casino resort that has been haunted by allegations of a bribery scandal, according to a Wednesday filing with the U.S. Securities and Exchange Commission.

With official support for the project's land concession contract in hand, subsidiary Wynn Macau Ltd. and its project partner Palo Real Estate Co. Ltd. now have the green light to break ground on a 51-acre site in the Cotai region of the Chinese island, according to...
To view the full article, register now.