Wynn Resorts does not think that new casinos scheduled to open in Singapore will pose a threat to its Asia business, it said recently.

A sum of up to US$1.6 billion might be raised by Wynn from a spin-off of its Macau unit, set to be Hong Kong's second biggest listing this year.

Wynn Resorts, which in 2005 opted out of the race to develop an integrated resort in Singapore, is the world's third biggest casino operator, with casinos in Las Vegas and Macau.