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Wynn's Macau Take Disappoints
Wynn's Macau Take Disappoints

Wynn's Macau Take Disappoints

Chinese casino posts lower revenue than expected

(Newser) - Casino mogul Steve Wynn latest gamble isn't paying off as handsomely as he predicted, the New York Post reports, with shares in his Wynn Resorts falling 10% after weaker-than-expected revenues at his splashy new gaming palace in Macau. Wynn "wildly overestimated" September revenues at Wynn Macau, analysts said, with...

Money Trail Leads To North Korean Deal

(Newser) - Freezing accounts in a small bank in Macau 18 months ago was key to the recent U.S. success in negotiating an end to North Korea's nuclear program, the Journal reports. Tracing the "saga of bluff and brinkmanship" that led to the deal, the Journal shows the Bush...

North Korea Cools Talks With Demands for Frozen Funds

(Newser) - Talk on North Korean disarmament stalled yesterday when Pyongyang refused to move forward until it receives $25 million that had been trapped in frozen accounts in Macau since February. Frustrated delegates to the six-party talks postured in return, warned that time is running out, while the U.S. said the...

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