Wynn Resorts say no contact with authorities on corruption probe

    Wynn Resorts says it has not had contact with authorities allegedly examining a land deal related to its new $4 billion Cotai project, Reuters reported.
    “We have not been contacted by any authorities but if we were we would fully cooperate,” Wynn Macau spokeswoman Bonnie Kwok said in an email to Reuters.
    According to local news reports, Macau’s corruption agency is investigating how a little-known company secured rights to land before it was granted to Wynn.
    The probe follows a request from the International Union of Operating Engineers, which has been pushing for more information about the company’s land deals for some time.
    Wynn has said in company filings it agreed in 2008 to pay $50 million to Macau-registered Tien Chiao Entertainment and Investment Co Ltd in exchange for the company relinquishing its rights to what is now Wynn’s Cotai site.
    Reuters said its investigations had failed to unearth any information about the company or the two registered officials connected to it.