It has been reported that Macau has provided a playground for corrupt Chinese business owners and some government officials. The investigation and fall from grace signals a new crackdown on corruption that promises to reverberate through Macau’s gaming industry, the Macau Business Daily reports. With a hard rap at the door, the Chinese government recently confirmed its corruption investigation of former Minister of Public Security Zhou Yongkang, who also once sat as a member of the Chinese Communist Party’s esteemed Politburo Standing Committee. Wynn is enormously wealthy, and Adelson ranks as one of the world’s richest men.īut is their party in the process of being interrupted? has rocketed, and the personal wealth of the mercurial multibillionaire CEOs has climbed into the upper stratosphere. Stock in Wynn Resorts International and Las Vegas Sands Corp. (David Becker/Las Vegas Review-Journal)įor casino titans Steve Wynn and Sheldon Adelson, the roaring Macau casino market has been a seemingly endless party of rapid expansion and record-setting profit. CEO Sheldon Adelson, shown on May 5, 2014, is helping a Florida group that wants to defeat a constitutional amendment to legalize medical marijuana in that state.
