The transaction proved to be transparent
Wynn Macau says Cotai land purchase above board
2014-09-24
Reading time 30 seg
(Macau).- The Commission against Corruption has failed to find anything wrong with Wynn Macau’s purchase of land in Cotai for its Wynn Palace casino-resort, the company has said. The commission investigated the purchase after a particular payment caused suspicion.
The commission investigated the purchase after a particular payment caused suspicion. “They’re satisfied. I think they’re done with their investigation”, a spokesman for Wynn Macau said. “Everything about those transactions is so crystal-pure and clean.”
Wynn Macau said its USD 3.9 B Wynn Palace resort on Cotai is on track to open in the first half of 2016. The resort will have a 1,700-room hotel, performance lake, meeting space, casino, spa, with retail offerings and food and beverage outlets, the company said in an interim report filing.
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