Wynn Macau Taken to Hong Kong Stock Exchange

Posted on 05/10/09 - by Theodor Mavrodis News

When we are talking about the gambling capital of the world, most people would probably think about Las Vegas. Although Sin City is without a doubt the best-known gambling place in the world, the Chinese gambling paradise called Macau already outstripped Vegas as for sheer gambling returns in 2006.

Casino Expansions
Las Vegas casinos have always been on the look-out for opportunities to increase their offerings, and didn't fear any geographical boundaries. As a consequence Las Vegas casinos already explored the Chinese market, long before even thinking of entering the online gambling market.

Every since the Macau gambling monopoly had come to an end, Las Vegas big shots have established businesses in the densely populated Chinese city. The Venetian Macau, property of the Las Vegas Sands Corporation, currently is the largest casino in the world. Measured in floor area it even is the world´s second-largest commercial building.

Wynn Resort & Casino
Another big Las Vegas Casino that smelled the Chinese profits is the Wynn Resort & Casino, that now is planning to take it's Wynn Macau to the Hong Kong Stock Exchange (HKEX). With the recently released positive financial figures the offering is expected to become a great success. So instead of wagering money in the casino, you can also invest in the casino's stock to make a large potential profit.    

Online Casino Ban
Despite the raging gambling fever in the Chinese gambling capital, some online casinos like Europa Casino don't take bets from Macau Residents. Unlike the policy for land-based gambling, Macau currently doesn't license online gambling operators.