- Aspired Man
Casino tzar Steve Wynn has been making headlines for possibly unscrupulous land finance deals. Its reported that Wynn paid an unknown man known as HoHo a 50 million dollar finders fee for Macau land to build new Wynn property. This issue has come to the attention of US authorities who are always on the prowl for possible violations of the Foreign Corrupt Practices Act. Do I think Steve Wynn has probably pulled some strings and broken a few laws to get to where he is today? Yeah probably. Do I think that that he would ever leave himself exposed for prosecution or that he wont be able to sleep at night because of this? Not a chance, there is no doubt that Steve Wynn is protected by shells of shells of corporations, created by the best corporate lawyers money can buy, not to mention the old school style payoffs he probably makes to those who have the authority to pull the trigger on any kind of indictment.
Questions are mounting regarding a $50m sum Wynn Resorts paid a mysterious figure known as Ho Ho in connection with the Cotai Strip property on which the company intends to build its new $4b Macau casino. Following analysis of company documents, public records and a sit-down with Wynn Resorts CEO Steve Wynn, the Wall Street Journal’s Kate O’Keefe concluded the following…. Let us know what you think below and continue reading this article at Calvin Ayre.