Macau (MNA) – Local gaming operator Wynn Macau has no intention of rebranding at present, stated the incumbent non-executive chairman of Wynn Macau, Allan Zeman, during an interview with media at the G2E Asia 2018 Conference.
“Many who had come to this hotel from China really have no idea about the founder or the owner [of the company],” said Mr. Zeman. “It is about the [hospitality] experiences.”
Zeman was referring to the recent incident involving the gaming mogul Steve Wynn, who resigned from its position of Chairman and CEO of Wynn Resorts and Wynn Macau in early February following allegations of sexual misconduct.
However, the non-executive chairman said the group is open-minded over the idea of rebranding the company if the current brand affects the business.
He added that the reshuffling of the company’s board did not affect the business itself, commenting that the company is still in a “healthy” state with a “capable” management team.
Meanwhile, regarding the rebidding of the gaming concession, Mr. Zeman pointed out that the government would be considerate to avoid creating instability over the employment within the gaming industry.
“[The] government cares about stability […]. This industry creates a lot of jobs,” said the non-executive chairman. “We just need to wait and see and I think sooner or rather later the government will come through with whatever the way forward is.”
Together with Melco Resorts & Entertainment, Sands China Ltd., and Galaxy Entertainment Group, Wynn Macau will have its gaming concession expire in 2022.
The Macau SAR Government claimed that further details regarding the renewal of gaming licenses would not be announced until mid-2018.
[Edited by Sheyla Zandonai]