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News Link • China

Steve Wynn: I'm 'more scared' about US than China

•, Jane Wells

The casino magnate behind Wynn Resorts makes most of his money in Macau, China, and he's worked closely with the Chinese government for a dozen years. However, gambling revenue across Macau has softened as the government has cracked down on what it calls illegal lending practices there, and as potential new anti-smoking rules threaten to turn off gamblers. Now, new tensions are rising on the heels of massive protests in Hong Kong by residents who oppose Beijing's efforts to dictate the candidates they're allowed to vote for.

'Everyone in China is pragmatic'

Is Steve Wynn bothered?

"I'm more scared about the United States than I am about China," Wynn told CNBC this week at the Global Gaming Expo in Las Vegas. The protests in Hong Kong have "become sort of a party out there."

Wynn said he believes the situation will be resolved: "Everyone in China is pragmatic and practical."

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