Wynn Hotel Expects More Job Cuts

Wynn participated in Thursday's 7:30 a.m. conference call from Macau, where it was 11:30 p.m. His presence in Asia was appropriate, he said, given Macau's growing importance to Wynn Resorts. "We're looking forward to a very serious future here with multiproperty development," said Wynn, who will open an employment center in Macau within days. "We really haven't seen the depth of the Macau market yet because the development is still several months away." The company's first Asian resort, the $1.1 billion Wynn Macau, is on pace to open next August or September, Wynn said. He also pledged to build a second Macau resort in Cotai -- a developing strip of reclaimed land between the islands of Taipa and Coloane -- and added his company may soon sell a Macau subconcession to another developer. Wynn Hotel Expects More Job Cuts: "Wynn participated in Thursday's 7:30 a.m. conference call from Macau, where it was 11:30 p.m. His presence in Asia was appropriate, he said, given Macau's growing importance to Wynn Resorts. 'We're looking forward to a very serious future here with multiproperty development,' said Wynn, who will open an employment center in Macau within days. 'We really haven't seen the depth of the Macau market yet because the development is still several months away.' The company's first Asian resort, the $1.1 billion Wynn Macau, is on pace to open next August or September, Wynn said. He also pledged to build a second Macau resort in Cotai -- a developing strip of reclaimed land between the islands of Taipa and Coloane -- and added his company may soon sell a Macau subconcession to another developer.