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Wynn considers partnership with Packer

AUSTRALIA – As reported by the Australian: "Las Vegas casino mogul Steve Wynn yesterday revealed that he might pursue business partnerships with James Packer in Las Vegas and Asia.

"…In an exclusive interview with The Australian from Macau, Mr Wynn said 'there's always a chance' he could partner up with Mr Packer and Mr Ho in Las Vegas. But he said nothing was happening at the moment.

"…Mr Wynn said he might look at joint venture opportunities in Asia with Mr Packer.

"'Depending on business opportunities and what skills we need to bring to the table, it may be appropriate for us to act jointly, but again, that will depend upon the situations that we haven't discussed yet.' Mr Wynn, who developed and sold the famous Bellagio Casino Hotel (to MGM), helped revive the Las Vegas strip.

"Wynn Resorts now includes the flagship casino Wynn Las Vegas and it holds one of six casino licences in Macau. He sold a sub-commission licence to Melco PBL in 2006 for $US900 million, allowing Mr Packer and Mr Ho to run their own casinos…"

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