Wynn Macau shares drop after US rout on harassment allegations

Hong Kong

SHARES of Steve Wynn's Chinese casino operation fell the most in almost a month after allegations the Wynn Macau Ltd chairman sexually harassed women.

The Macau unit, which accounts for the bulk of Wynn Resorts Ltd's revenue, opened sharply lower on Monday and ended 6.5 per cent lower at HK$28.05(S$4.72). On Friday, US parent Wynn Resorts Ltd's shares fell 10 per cent in New York, the most in 13 months.