Experienced executive Liu joins Wynn Resorts' board

08 August 2023

Experienced executive Liu joins Wynn Resorts' board

Wynn Resorts—Paul Liu
With a background in the entertainment industry, hotels, and financial services in China and the Asia-Pacific region, Liu now serves as an independent director.

Among Liu's many professional accomplishments is his eleven-year tenure as a partner at the international leadership consulting firm Egon Zehnder.

This is a change for Liu, who had previously served as COO of the Chinese branch of the Anschutz Entertainment Group. Three On The Bund, a Shanghai-based opulent lifestyle attraction, was also developed by him.

On top of that, he was the managing director of Bank of America (Asia), an executive director at CIMIC Holdings, and an assistant vice president at Union Bank of Switzerland.

A representative from Wynn Resorts stated that Liu will bring a lot of valuable knowledge and insight to the table, namely in the areas of luxury and hospitality, and the Asia Pacific market. "The Wynn board of directors will benefit greatly from his unique viewpoint."

In the Asia Pacific area, Wynn Resorts runs the Wynn Macau and Wynn Palace Cotai properties.

Working on Wynn Resorts' new Abu Dhabi casino
The new Wynn integrated casino resort in the UAE was upgraded earlier this year by Wynn.

As of 2027, Wynn Al Marjan Island will have opened, marking Wynn's entry into the Middle East and North Africa market. A hotel, many eating and lounge options, a spa, and other entertainment facilities are all part of the initial plan.

The new resort is being developed by Wynn in conjunction with Marjan and RAK Hospitality Holding, two local partners.

President of the new integrated resort, Thomas Schoen was appointed by Wynn in May. Schoen, a seasoned executive in the hospitality industry, will be in charge of the new resort's day-to-day operations.

The company is scheduled to provide an update to the market tomorrow, August 9th, regarding its performance in the second quarter and first half.

Caesars Entertainment and MGM Resorts, among others, have announced falls or limited growth in Las Vegas, so the markets are especially watching how it does there. However, with the region's recovery, its Asian affiliate Wynn Macau is expected to display robust growth.