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Steve Wynn's downfall could put his Macau casinos in play

Resort tycoon's sexual misconduct scandal could affect concession renewal and expansion into Japan

Visitors gather for the water show in front of the $4.2 billion Wynn Palace casino resort in Macau.   © Reuters

HONG KONG The future of the Asian gambling business built by U.S. casino tycoon Steve Wynn has been thrown into question after his resignation from management amid allegations of sexual misconduct.

Wynn's reputation for creating themed properties that could draw crowds of families and tourists, dating back to his development of landmark Las Vegas casino hotels such as Bellagio and The Mirage, won the favor of government officials in Macau in 2002 when the city ended its gambling monopoly.

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