With fewer VIP gamblers visiting Macau, the casinos in the once bustling city are now earning less money. With less earnings, pay drops are expected and Steve Wynn of Wynn Resorts is one such individual who is suffering from the decrease in high roller gaming. Wynn’s 2015 compensation fell to $20.7 million, a drop of around 18%, based on a regulatory filing by the company. The Wynn Resort board had to cut his incentive pay as the company’s adjusted earnings dropped by one third before taxes, depreciation and interest were taken out.

Operators of casinos in Macau have been under immense pressure for about two years now as the Chinese government has been cracking down on corruption. The issue of corruption has caused many VIP gamblers to take their business elsewhere. The property owned by Wynn in Macau is centered around the high roller and has suffered due to the government crackdown.

According to Bloomberg director of research, Tim Craighead, the Wynn venue generates as much as two thirds of their earnings via the high-end clientele and has suffered from the decrease in visitors. Craighead stated in an email that the VIP business cratered and the mass market waned as visitation from China to a turn for the negative, noted the Macau Daily Times.

The Wynn Resorts board decided to cut Steve Wynn’s annual incentive payout to $17.5 million, paying half of the amount in shares and the remaining half in cash. The filing showed the decrease was due partly from the financial performance of the company as well as the competitive landscape of the labor market.

A portion of Wynn’s incentive is connected to the Wynn Palace development, a casino with 1,700 guest rooms located in the area of Macau known as Cotai. This venue is expected to be completed this June. The new property will have a gondola ride offered to visitors, similar to the one found at the Bellagio in Las Vegas, Nevada. This attraction is believed to be one that could help the company gain traction among visitors who are less affluent gamblers.

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