Wynn Resorts Ltd.’s two Macau casinos — once the company’s main breadwinners — lost money in the final months of 2021.
The world’s largest gambling hub is itself in a state of upheaval. While the local government is renewing casino licenses, it will likely also demand new investment from companies like Wynn, even as China limits travel there by its own citizens.
All of that may seem like a lot to worry about for a company that got 70% of its business from the Chinese enclave three years ago, but Craig Billings, Wynn’s new chief executive officer, is more enthused than intimidated by the challenges.
