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Business

Macau gaming industry rebounds, Wynn Resorts chief says

As Wynn eyes Japan for resorts, CEO doesn't bet it all on casinos

Steve Wynn, chairman of Wynn Resorts, wants to bring people to Japan for more than gaming.

NEW YORK -- Macau's gaming business has recovered from the slump sparked by China's anti-corruption campaign, while also benefiting from a more experienced regulatory agency in the territory that contributes to the industry's health, the CEO and chairman of Wynn Resorts told The Nikkei recently.

Steve Wynn, a leading casino and resort developer in the U.S. as well as Macau, appears keen to build a luxury resort in Japan since the Diet cleared the way for legislation on casino gambling at the end of last year. But Wynn reveals why gambling isn't the ace in the hole for the success of his resorts. Edited excerpts from the interview follow.

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