Inside Asian Gaming

INSIDE ASIAN GAMING MAY 2018 52 With Wynn Resorts facing regulatory probes in two separate US jurisdictions and the not-so-small matter of re-licensing in Macau in the next few years, the issue of suitability in the gaming industry has never been more prominent. S UITABILITY, the quality of being right or appropriate for a particular purpose or situation . More than a vaguely defined concept, the term is a pillar of the modern, regulated gaming industry. Every entity and individual associated with gaming, even if sometimes loosely, has had, at some point in its life, to produce evidence of its adequacy to pursue certain business or to take on a position. Despite its omnipresence, the issue of suitability has never gained so much global significance (and media attention) as it has since The Wall Street Journal published a story detailing several allegations of sexual misconduct against Steve Wynn, then Chairman and CEO of Wynn Resorts Limited. The article and media backlash that followed prompted investigations into Mr Wynn’s suitability to be involved in RULES OF THE GAME By Rui Pinto Proença Rui Pinto Proença is a partner at MdME, where he heads the firm’s Corporate and Gaming practice. MdME is a full service Macau law firm and a member of the MLGTS Legal Circle, an integrated alliance with renowned law firms in Portuguese speaking jurisdictions. MdME is also the Macau member firm of Lex Mundi, a world leading network of independent law firms, with in-depth experience in 100+ countries and access to more than 21,000 lawyers worldwide. The ethics of suitability