It's a win-win situation for Wynn

Billionaire Stephen Wynn said Macao's plans to ban slot machines from residential areas and raise the casino age limit are "good ideas" that won't affect his Wynn Macao Ltd.

Age limits will have "absolutely no effect on us", Wynn, chief executive officer of Wynn Macao, the city's fourth-largest casino operator, said in a Bloomberg Television interview from Las Vegas yesterday. The restrictions are "not a worry at all", he said.

Wynn Resorts Ltd and Las Vegas Sands Corp fell in New York trading on Monday on concern new limits may hurt earnings just as casino revenue is recovering in Macao, the world's biggest gambling hub. Visitor arrivals and casino earnings rose in August during an economic rebound on the mainland, which accounts for more than half of Macao's tourists.