Wynn President and CEO Matthew Maddox has reaffirmed his company’s keen desire to gain an IR license in Japan.
“We have been quietly active in Japan for a number of years now,” Maddox was quoted as saying, “I’ve been dozens of times myself, building strong relationships in a country where trust and relationships matter,” he said on a conference call after releasing Q2 results.
He added, “We believe that the Wynn aesthetic and our unrelenting focus on excellence and our commitment to thoughtful, immersive entertainment will resonate well in Japan, and we look forward to competing there.”
In his June interview with Asia Gaming Brief, Chris Gordon, president of Wynn Resorts Development, who has been leading the company’s Japan effort, suggested that Wynn’s campaign would “pick up significantly” in the wake of the passage of the IR Implementation Act.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.