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Wynn Macau CEO sees no surprises on retendering process and understands government’s desire to diversify, response to be submitted 14 September

Andrew W Scott by Andrew W Scott
Wed 10 Aug 2022 at 07:17
Wynn Macau named Official Venue Partner for Asia’s 50 Best Restaurants 2022

Wynn Macau

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The CEO of Wynn Resorts and Wynn Macau Limited, Craig Billings, says he sees no surprises in the ongoing casino concessionaire retendering process being conducted by the Macau government.

In response to being asked if there were any surprises in the process, Billings said, “Not really. We understand and appreciate what Macau is trying to achieve – diversifying the market both in terms of geographic origin of visitors and their motivations to visit. It’s not a process that happens overnight. In Vegas, it took many years, and it was a concerted effort by both government and business.”

Referring to the specific tendering requirements issued by the Macau government, Wynn Macau Limited President Ian Michael Coughlan added, “I think the rules that were issued, and the timeline, were very clear. We have sought some minor clarification, and we’re in a six-week process of crystallizing our responses, which we’ll get submitted – by all six [Macau] operators – on September 14. Then we go into a period of negotiation, and I think the government intent is clearly before the end of the year to announce the successful operators.”

The comments from senior company executives were offered during Wynn’s 2Q22 earnings call on Wednesday morning (Asia time), immediately following the announcement of a US$185.3 million operating loss for the quarter.

Macau resort operators continue to suffer substantial losses as a result of ongoing pandemic-related travel restrictions wreaking havoc to the SAR’s tourism industry.

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Andrew W Scott

Andrew W Scott

Born in Australia, Andrew is a gaming industry expert and media publisher, commentator and journalist who moved to Hong Kong in 2005 and then Macau in 2009, when he founded O MEDIA, one of Macau’s largest media companies, former and parent company of Inside Asian Gaming (IAG). Both O MEDIA and IAG were merged with US-based gaming media brand CDC Gaming on 1 January 2025, under new corporate parent Complete Media Group (CMG).

Andrew was appointed CEO of Complete Media Group upon the merger. CMG is now the parent of three gaming media brands: Inside Asian Gaming (focusing on land-based gaming in the Asia-Pacific region), CDC Gaming (focusing on land-based gaming in the Americas), and Complete iGaming (focusing on online gaming in the Americas and APAC).

Andrew continues to be Vice Chairman and CEO of IAG and now-sister company O MEDIA.

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