Wynn Macau

    Website: http://www.wynnmacau.com/

    Email: inquiries@wynnmacau.com

    Address: Rua Cidade de Sintra, NAPE, Macau

    Wynn Macau opened in Sept. 2006 and was extended the following year. It incorporates about 265,000 sq. ft of casino space, and two luxury hotel towers with a total of 1,008 spacious rooms and suites. The property in central Macau also has 54,200 sq.ft. of high-end retail space and eight restaurants. Other non-gaming facilities include two health clubs, spas, and pool.

    Related Articles

    Wynn Resorts Q3 impacted by VIP fall

    Wynn Resort’s Macau Q3 results were impacted by a significant drop in VIP table games turnover, which was slightly offset by an uptick in mass gaming revenue.  Operating income of its Macau operations reached $156.1 million, down 39.3 percent, while adjusted property EBITDA fell 26.4 percent to $301.2 million.  Wynn Resorts CEO Matt Maddox said […]

    Melco, MGM seen gaining market share: Bernstein

    Melco Resorts & Entertainment and MGM Resorts are likely to have gained market share in Q3 as new properties ramp up, while Wynn Resorts and Galaxy Entertainment may have slipped due to their greater reliance on VIP, Bernstein analysts say.

    Wynn Macau estimates lowered on weaker high-end

    Analysts from Bernstein on Monday said they have reduced their 2019 EBITDA estimates for Wynn Macau by 6 percent, reflecting weaker high-end volumes.  Bernstein said that Wynn Macau, and Wynn Resorts have both seen a softer than originally expected Q3, due to low hold in direct VIP and overall soft high-end volumes.  The analysts have […]

    Wynn Macau Q3 to be impacted by trade dispute, protests

    Wynn Resorts says it expects its Macau results in the third quarter of 2019 to be impacted by the ongoing US-China trade war and social unrest in Hong Kong.  The company made the announcement in a filing to the Securities and Exchange Commission on Thursday. “Consistent with the broader Macau market, we anticipate our Macau […]

    Wynn Macau sell-off overdone: Bernstein

    While Wynn Macau has a higher exposure to VIP than its peers in Macau, investors are neglecting the company’s strong position in the fast-growing premium mass sector, said analysts from Bernstein on Monday.  “Wynn Macau has always been perceived by investors as overly exposed to VIP due to its product positioning. As such, among Macau […]

    Wynn Crystal Pavilion construction due 2021

    Wynn Macau says the construction of the Crystal Pavilion at its Wynn Palace on Cotai is expected to begin in late 2021. 

    Macau appeals court grants retrial of Dore junket case

    Macau’s Court of Second Instance has overturned an earlier ruling in favor of junket operator Dore Entertainment and casino operator Wynn Macau, local media reports. In September 2015, a former cage manager working for Dore Entertainment allegedly stole more than HK$100 million, using her position in a VIP room in Wynn Macau to illegally pool […]

    Kazuo Okada US$1 billion appeal against Wynn Macau dismissed

    A Macau appeals court has upheld a ruling that sees Wynn Macau acquitted of a MOP8.2 billion (US$1 billion) compensation claim made by Japanese gaming mogul Kazuo Okada, Macau Business reports. Mr. Okada was removed from the Wynn’s board of directors in 2012 after the firm claimed he was “unsuitable” and a risk to its […]

    Wynn Palace revenues not enough to offset overall revenue decline

    Strong results for Wynn Palace was not enough to fully offset the total revenue decline for Wynn Resorts in 19Q1, with Wynn Macau and Las Vegas operational revenue falling in the quarter. Thd company however was able to swing to net income of $103.9 million in the first quarter of 2019, compared to a net […]

    Macau Q1 earnings likely to surprise to the downside: MS

    The earnings of Macau’s six operators may produce some negative surprises amidst higher staff costs, higher reinvestment rates and slowing revenue growth, Morgan Stanley forecasts.

    Shift in geopolitics poses risk for Macau operators

    Systemic shifts in the long-term relationship between China and the U.S. are underway, with the two economic superpowers charting an increasingly divergent path, and the change in course may have major implications for Macau’s operators, according to a leading risk consultancy.

    Wynn Macau notices increase in fraudulent websites

    Casino operator Wynn Macau says there has been an increase in fraudulent online gambling and investment websites posing to be affiliated with the Wynn brand. “These fraudulent websites can appear highly professional and will often feature false statements on their websites in an attempt to pass off as a legitimate business or purport to be […]

    Wynn Macau correction overdone: Bernstein

    While sentiments over China’s economic slowdown and decelerating GGR growth has led to a sector-wide sell-off, Bernstein analysts believe the correction to Wynn Macau stocks was overdone, and that there is opportunity for the stock to outperform. “…the correction we have seen in Wynn Macau stock has been much too severe, in our view,” said […]

    Wynn Macau appoints Craig Billings as non-exec director

    Chief financial officer and treasurer of Wynn Resorts, Craig Billings has been appointed as a non-executive director of Wynn Macau Ltd., according to an interim results filing on Friday. The appointment lasts for a period of three years, and takes effect from August 17, 2018. Mr. Billings previously serviced as chief digital officer and managing […]

    Wynn Macau issues one month bonus to staff

    Casino operator Wynn Macau has announced it is issuing a special bonus equal to one month’s gross salary to the majority of its staff members. According to a press release from the operator, the special bonus will be paid on August 15, 2018 to all eligible Wynn Macau and Wynn Palace team members, with the […]

    Wynn Macau mulls more non-gaming

    Wynn Macau is considering adding more non-gaming facilities for the second phase of development at its Wynn Palace Cotai resort, Chairman Allan Zeman told reporters at G2E Asia. “[We are about] to explore different opportunities […] especially technology,” he was cited as saying by Macau business. “Whether it’s shows or museums there are so many […]

    Wynn Macau highlights risks from founder’s departure

    In a management analysis and discussion in its annual report, Wynn Macau highlighted the potential risks the company may face from the February resignation of founder and Chairman Steve Wynn following accusations of sexual harassment. “The resulting controversy related to Mr. Wynn and his separation from the group could significantly harm our business in numerous […]

    Wynn Macau improves maternity and paternity leave benefits

    Casino operator Wynn Macau has announced new maternity and paternity benefits for all eligible employees, with effect from May 1, 2018. Under the new scheme, the duration of paid maternity leave will be increased from 56 days (8 weeks) to 70 days (10 weeks), while paid paternity leave will be increased from 2 days to […]

    Deutsche trims Wynn share price target

    Deutsche Bank has cut its share price target for Wynn Resorts to $215 from $221, though the firm reiterates its buy rating and says all indications point to upside from its forecasts in Macau. The model was tweaked to reflect Wynn’s recent agreement to settle a lawsuit with Universal Entertainment, the removal of the promissory […]

    Macau court confirms Wynn unlawfully disclosed personal information

    The Macau Court of First Appeal confirmed on Wednesday that Wynn Macau had unlawfully disclosed a former Pagcor official’s personal data without permission, Macau News reports. “The court confirmed today that the act was committed in violation of the Macau Personal Data Protection Act,” prosecution lawyer José Leitão told MNA after a Wednesday court session. […]

    Most Macau gaming stocks overvalued: Morningstar

    Shares in Macau’s gaming operators have surged 82 percent since the fourth quarter of 2016 and as a result most are overvalued, with investors failing to factor in potential risks from a cyclical economic downturn and license renewals, Morningstar warns. The firm says that Galaxy Entertainment, Wynn Macau and its parent company Wynn Resorts, Melco […]

    Wynn Macau announces pay rise to staff ex senior management

    Wynn Macau has announced a salary rise for almost 98 percent of its staff, according to a company press release on Thursday, local media reports. Eligible employees with monthly salaries below MOP16,000 (US$1,974) will see an increase in salary of 3.8 to 7.2 percent (approximately MOP600), while eligible employees with wages above MOP16,000 will get […]

    Wynn fallout reaches Macau, panel to investigate claims

    Macau’s gaming regulator has expressed concern regarding recent accusations against Wynn Resorts CEO Steve Wynn, according to reports. Representatives from the Gaming Inspection and Coordination Bureau reportedly met with top executives from Wynn Macau in order to “understand the situation”, before releasing a statement on the matter. “The Gaming Inspection and Coordination Bureau expresses concerns […]

    Wynn allegations could affect Japan IR bid, stock prices

    The fallout from the Wall Street Journal article regarding Wynn Resorts’ founder and CEO Steve Wynn’s alleged pattern of sexual assault has already been serious. Wynn was forced to quit his position as US Republican Party National Committee finance chair, an investigation has been launched by the Massachusetts Gaming Commission, and the company’s stock prices […]

    PJ arrests Wynn Macau chip thieves

    Two suspects involved in the theft of casino chips from Wynn Macau have been arrested, Macau News reports. In a disclosure on Wednesday by the Judiciary Police, the two suspects were identified as Lei (aged 49) and his uncle Ho (aged 70). The PJ said only a small amount of the stolen chips have been […]

    Dealer makes off with $6.1 mln worth of chips

    Macau police are searching for a dealer who reportedly stole close to HK$48 million (US$6.1 million) worth of casino chips from Wynn Macau, local media reports. The Judiciary Police confirmed the case and said an investigation is now underway to see whether there were any accomplices involved. Police confirmed that the theft did not involve […]

    Wynn and Melco top picks for 2018: Bernstein

    Outsized VIP gains and premium mass strength saw Wynn, Melco and Galaxy “significantly” outperform its Macau peers, according to Bernstein analysts in a note on Friday. Bernstein says its 2018 top picks are Melco and Wynn, with Melco’s growth driven by Morpheus at City of Dreams and continued ramp up at Studio City. Wynn will […]

    Wynn has been tolerating illegal smoking, petition states

    A group of gaming workers from Wynn Macau have submitted a petition to the MSAR government complaining of Wynn’s alleged tolerance of clients’ illegal smoking, local media reports. Choi Kam Fu, the director-general of the Macau Gaming Enterprises Staff Association, said the group went to the chief executive to discuss “long-term infractions which have not […]

    Meg-Star Lian Sheng VIP Club opens at Wynn Macau

    Meg-Star International on Monday unveiled its new VIP club, the Meg-Star Lian Sheng VIP Club, located at the Wynn Macau resort. The Meg-Star Lian Sheng VIP Club is the fifth VIP club opened by the company. The most recent club by Meg-star opened in April, at Wynn Palace. Thomas Pang, chief executive officer of Meg-Star […]

    Mass ramping up, Wynn and Melco to benefit

    Capacity expansion, ramp up of recently opened properties, transportation infrastructure improvements and strength of the Chinese premium consumer should continue to push up mass over the next five years, says Bernstein in a note on Tuesday. The brokerage said it has revised its estimates for 2017E-2022E CAGR to 8 percent for Total GGR, 6 percent […]

    Rooms fully booked over Golden Week

    Macau may see its best Golden Week holiday in years, with forecasts for Macau’s upcoming holiday looking very positive, according to a report from Bloomberg. “Macau’s gaming business will be strong during the Golden Week,” said Lawrence Ho, chairman and chief executive officer of Melco Resorts & Entertainment Ltd to Bloomberg. “China’s economy is improving, […]

    Wynn Macau offers senior notes, redemption

    Casino operator Wynn Macau has proposed an issuance of senior notes in order to repurchase and redeem its senior notes due 2021. In October 2013, the Wynn Macau issued 5.25 percent senior notes due 2021, representing an aggregate principal amount of US$600 million. The following year, Wynn issued an additional aggregate principal amount of US$750 […]

    Typhoon Hato wreaks havoc across Hong Kong, Macau

    Hong Kong and Macau have been battered by one of the most destructive typhoons in years, forcing schools, public services and transport to halt services. According to local media, Typhoon Signal 10 was first raised in Macau at 12:30am. Since, then three people have died and two are missing as a result of Typhoon Hato. […]

    Wynn Macau operations rebound in 17Q2

    Wynn Resorts’ Macau operations have posted a 57.5 percent increase in net profit for the second quarter of 2017, reaching US$102.6 million, boosted by strong revenue growth. Casino revenue reached $1 billion in the quarter, compared to US$608.4 million in 16Q2. Regarding Wynn’s two properties in Macau, Morgan Stanley analysts said the performance at the […]

    Wynn, Galaxy to outperform in 17Q2: MS

    Wynn and Galaxy are expected to outperform over MGM, Melco and SJM during the 17Q2 results season, driven by market share gains in both VIP and mass, says Morgan Stanley. The brokerage in a Thursday note pointed to Galaxy and Wynn Macau to be their top picks (previously Melco) due to more attractive valuation and […]

    Jimei cancels VIP gaming promotion agreement

    Hong Kong-listed Jimei International Entertainment Group Limited has walked away from a deal with a VIP gambling promoter in Macau, according to a company filing to the Hong Kong Stock Exchange. While Jimei did not mention the promoter, it is understood that the operator was identified as New International Club Ltd, who had been negotiating […]

    Shifting market dynamics to create winners and losers

    Improvements in transport infrastructure along with continued opening and ramp up of new casino resorts in Macau means that Mass will continue to be the driver for sustainable growth in 2017 and the rest of the decade, say Bernstein analysts in a recent research note. As market share trends fluctuate based on mix between VIP […]

    Wynn Macau sued by former Pagcor official

    Casino operator Wynn Macau is reportedly being taken to court by a former Pagcor official, disputing the results of a 2011 report naming him and his wife as beneficiaries of an “improper relationship” between Kazuo Okada and Pagcor officials in 2008 and 2009, local media reports.  According to information obtained by Macau Business Daily, Rogelio […]

    Wynn Palace fuels 17Q1 profit and revenue boost

    Casino operator Wynn Resorts Ltd. saw an uptick in earnings and revenue in the first quarter of 2017, beating expectations, fuelled by strong performance from Wynn Palace and Las Vegas operations. Net revenues were $1.5 billion for the first quarter of 2017, an increase of 47.9 percent from $997.7 million for the same period of […]

    Property EBITDA to grow 20 percent in 17Q1

    Morgan Stanley analysts are estimating Macau property EBITDA to reach US$1.8 billion in 17Q1, representing a 20 percent year-on-year growth. March GGR grew 5 percent quarter-on-quarter and 13 percent year on year to MOP 63.5 billion (US$7.9 billion), said the brokerage in a note on Thursday. Looking at the quarter, the brokerage expects Melco Resorts […]

    Wynn Macau profit drops, but revenue gains on VIP gaming

    Casino operator Wynn Macau posted a 40 percent year-on-year decline in 2016 net profit, but posted higher revenue, driven by VIP gaming at its new Wynn Palace Resort. In a preliminary results filing to the Hong Kong Stock Exchange on Thursday, the operator reported net profit of HK$1.4 billion (US$180.2 million) for the year ended Dec. […]

    Wynn Macau raises workers’ pay

    Wynn Macau will raise the wages of non-management staff by between 3 percent and 6.5 percent, the company said. The change is effective from March 1 and covers nearly 98 percent of the company’s 12,400 workforce. Eligible employees earning a maximum of MOP16,000 ($2,000) per month will receive a pay increase of MOP500 per month. […]

    Google search suggests Wynn mass upside: MS

    Recent analysis of Google search data and observation of market trends suggest that Wynn Macau’s market share could rise higher than expected, notes Morgan Stanley. According to the brokerage’s AlphaWise team, there appears to be a correlation between Google searches of a particular property and its mass market share. “We have analyzed historical Google search […]

    March GGR growth seen moderating

    Macau’s gross gaming revenue growth is expected to moderate in March after a near 18 percent jump in February that topped expectations, analysts say. Buckingham Research Group says it sees March GGR growth in a range of 10 percent to 12 percent, while Bernstein is expecting a range of 9 percent to 11 percent. Buckingham […]

    Wynn Resorts net income rises 30.5 percent in 16Q4

    Wynn Resorts has reported a 30.5 percent year-on-year rise in net income for the fourth quarter of 2016, attributed to strong revenue from Wynn Palace, and offset by decreased earnings from Wynn Macau. According to a filing from the operator on Friday, net revenues for the fourth quarter of 2016 was $1.3 billion, representing an […]

    Macau casino stocks rise following Japan casino bill news

    Japanese and Macau gaming related stocks on Monday saw an upswing in share price after Japan’s casino bill passed a Lower House committee on Friday, according to media reports. Michael Penn of Shingetsu News Agency speaking to AGB maintains that the LDP and Isshin are still expected to pass the Casino Bill through House of […]

    Cash declaration measures on the horizon

    The Macau government is planning to introduce a bill that would require visitors to disclose cash holdings of more than MOP 120,000 (US$15,000) at entry, local media reports. Executive Council spokesman Leong Heng Teng said the measure would help to prevent money-laundering activities in the city. He made the comments when introducing the bill at […]

    Wynn Macau and MGM launch joint shuttle bus service

    Casino operators Wynn Macau Ltd. and MGM China Holdings Ltd. have launched a joint shuttle bus service connecting passengers between the Border Gate, Wynn Macau and MGM Macau. The service, which launched on Thursday, was in “response to the Macau SAR government’s transport integration arrangement,” according to the operators in a joint press release on […]

    Macau’s inflection in full swing: Bernstein

    Macau’s gross gaming revenue in 16Q4 is forecast to hit +7 percent year-on-year, as new projects continue to ramp up, said Bernstein in a note on Monday. GGR results in 16Q3 reaffirmed the view that the sector’s profitability had finally returned to growth, said the brokerage. “…late spring finally brought growth in mass and more […]

    Coughlan named as Wynn Macau president

    Wynn Macau has announced the appointment of Ian Michael Coughlan as president of the company, effective immediately. The operator said Coughlan has been and will remain president of Wynn Resorts (Macau) S.A. and a member of the board of directors of the company as an executive director, positions he has held since July 2007 and […]

    Hotel occupancy rate up in August, rates dropped

    Hotel room rates dropped 12.2 percent year-on-year in August, but occupancy rates rose 4.4 percent in the month, according to the Macau Government Tourism Office (MGTO). Average hotel occupancy was strong, reaching 92.6 percent, up 4.4 percentage points compared to 88.2 percent in August 2015. 5-star hotels saw the highest growth in occupancy in the […]

    GGR stabilizing but soft recovery ahead: Fitch

    Fitch’s Alex Bumazhny said that the firm is projecting approximately a 5 percent decline in Macau gaming revenue for 2016. Year-to-date revenues are down 9.1 percent, but there are softer year-on-year comparisons ahead, plus the market should get a boost from the Wynn Palace and The Parisian openings, Bumazhny, Fitch’s senior director, corporate ratings – […]

    Macau gaming table cap already surpassed: Daiwa

    The Macau government may have already surpassed the number of gaming tables it had planned to allocate by the end of 2017, according to analysts at Daiwa. Given the government’s three percent cap on gaming table growth, and looking at the number of gaming tables allocated so far, the analyst believes that the maximum number […]

    Wynn Palace cannibalization underestimated: MS

    Wynn Palace’s cannibalization of its Peninsula casino’s premium mass and VIP businesses is underestimated, said brokerage Morgan Stanley in a note on Sunday. In its recent Macau trip, the brokerage said it was also concerned with the ramp up of Wynn Palace, which could be slower than expected due to slow market growth and a […]

    Wynn Macau to defend lawsuits related to Dore scandal

    Wynn Macau has been named a defendant in the Macau Court of First Instance by individuals who claim to be investors in or person with credit in accounts maintained by junket operator Dore Entertainment Company Limited. In an interim results filing for 16H1, Wynn Macau said the lawsuits are in connection with the alleged theft […]

    Wynn Macau profit down 20.6 percent in 16H1

    Casino operator Wynn Macau has reported a decline in profit attributable to owners, down 20.6 percent year-on-year, according to its interim results for the six months ended June 30, 2016. In its filing, the company posted profit attributable to owners at HK$1.1 billion. According to Wynn Macau, the decrease was “primarily due to lower gaming […]

    Wynn Palace to get 150 tables: Lionel Leong

    Macau’s Secretary for Economy and Finance, Lionel Leong, today announced that the government will allocate 150 tables to Wynn Macau for Wynn Palace which is due to open on Aug. 22  this year. It will then be allocated 25 more tables next January and another 25 tables on January 1, 2018. This amounts to a […]

    Hype driving short-term rally, warns analysts

    Analysts have warned against over-enthusiasm for Macau casinos, after short-term rallies were observed in the sector. Morgan Stanley’s Praveen Choudhary said the short-term rallies seen in the sector over the past three days were “unsustainable, as fundamentals have not improved”. Sands China saw its shares rise 6 percent after it reported its second quarter results, […]

    Wynn Palace application for gaming tables under review

    Gaming operator Wynn Macau has already filed its application for gaming tables and slot machines for its Wynn Palace project, said DICJ director Paulo Martins Chan. Speaking to local media on the sidelines of a forum on Sunday, Chan said his bureau was already reviewing the application. The director did not mention the number of […]

    Lawsuit against Wynn Resorts board dismissed

    The 9th Circuit Court of Appeals has upheld the dismissal of a lawsuit against Wynn Resorts board members concerning the donation of $135 million to the University of Macau Development Foundation in 2011. The lawsuit was filed in 2012 by the Louisiana Municipal Police Employees’ Retirement System, a shareholder of Wynn Resorts. The lawsuit alleged […]

    Wynn Macau to hand out ‘summer bonus’

    Casino operator Wynn Macau has announced it will be issuing its staff a ‘summer bonus’ on July 15, according to a press release from the company. The bonus will be equivalent to the employee’s’ monthly salary, with over 9,000 staff members eligible for the summer bonus. However, senior management for the company are not covered […]

    Wynn Palace to feature famed Tulips Sculpture

    Wynn Resorts (Macau) has entered into a purchase agreement with Wynn Design and Development to purchase the world famous Tulips Sculpture and the Amphora III. The Tulips Sculpture and the Amphora III, which have been displayed at the Wynn Las Vegas resort to this date, were acquired by the Macau subsidiary for $33 million and […]

    Macau tightens AML rules

    Macau has introduced new anti-money laundering rules for its gaming industry, which have been effective since May 13, local media reports. The tightened rules come at a time when junkets and casinos are facing increased scrutiny and higher entry requirements in the region. The new measures include providing “adequate” risk management systems, keeping daily records […]

    Legislative Assembly largely in favor of smoking lounges

    Macau’s Legislative Assembly has voted in favor of smoking lounges instead of a total smoking ban in the city’s gaming venues, local media reports. According to the chairman of the Legislative Assembly sub-committee, Chan Chak Mo, quoted by Lusa, only two members of the committee supported the implementation of a full smoking ban in the […]

    Further cost cutting will prove challenging: Deutsche Bank

    Whilst Macau’s operators have employed cost mitigation and labor shifts, any further cost cutting will prove challenging given new supply and flattish revenue, said Deutsche Bank in a research report. According to the brokerage, the key to the Macau market will shift to how new supply is absorbed from an EBITDA perspective. “At present, we […]

    Fitch affirms ‘BB’ IDR for Wynn Resorts

    Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of Wynn Resorts at ‘BB’, with a ‘Stable’ Rating Outlook, according to a press release on Tuesday. “Fitch’s affirmation of WYNN and the Stable Outlook reflect our view that WYNN has a relatively clear glide path to reduce leverage to levels more commensurate with its ‘BB’ […]

    Gold Moon Group ceases VIP operation at Wynn Macau

    Macau junket operator Gold Moon Group has reportedly ceased its operation in Wynn Macau from May 21, according to labor group Forefront of Macau Gaming (FMG). The internal notice sent from the junket to its workers was posted online by FMG, stating the closure was due to Wynn Macau’s decision to “terminate its co-operation with […]

    Asia Gaming Awards winners announced

    The final winners in the Asia Gaming Awards were announced last night at a stunning Gala Dinner and Award Ceremony held at The Venetian Macao. The Asia Gaming Awards, hosted by Asia Gaming Brief in association with G2E Asia and The Innovation Group, recognized the best of the best in ten Award categories spanning the […]

    Phone betting ban likely in Macau

    Sources citing an official DICJ/Finance Department instruction have said that phone betting is likely to be banned in Macau, perhaps as early as next week. The instruction is believed to have been delivered, or will be delivered to all Macau operators. Phone betting is the practice of an agent (junket) or third party placing a […]

    Operators confident of 9 percent non-gaming revenue goal

    SJM’s Angela Leong On Kei and Wynn Macau’s Linda Chen said they believe Macau’s gaming operators’ revenue from non-gaming business will exceed 9 percent of their total income by 2020, local media reports. The comments follow from the release of Macau’s draft five-year development plan, that called for an increase in non-gaming revenue of resorts […]

    Wynn Q1 results top estimates

    Wynn Resorts Limited says it expects around a 10 percent decline in its Macau property EBITDA for Y16Q1, approximately 15 percent above analyst estimates. According to its preliminary expectations of the first quarter financial results, the casino operator says it expects net revenue to decline 14 percent year on year between $603 million to $613 […]

    MGM China and Sands have most productive staff; Morgan Stanley

    MGM China and Sands China were found to have the most efficient staff in their respective regions in Macau, according to a recent report from Morgan Stanley. Analysts compared all the operators based on company EBITDA to average number of staff ratio, and found that MGM China generated a higher EBITDA per person employed than […]

    MGM announces bonus to non-management staff

    MGM China Holdings Limited will pay a special bonus to non-management staff, equivalent to one month’s salary, local media reports. The bonus will be paid in two installments, with the first to be paid at the end of Jan. 2016. Earlier in the month, SJM Holdings announced it will pay staff earning less than MOP […]

    Macau 15Q3 gov’t data shows flat sequential mass GGR

    Combined gross gaming revenue in 15Q3 from mass market and slots in Macau was flat sequentially from 15Q2, amounting to MOP25.4 billion ($3.2 billion) and an indication of market stabilization, according to official data.  Combined mass and slots GGR had previously declined sequentially every quarter since 14Q1, indicating this quarter is, according to Union Gaming […]

    Wynn Resorts 3Q earnings plunge on Macau slump, missing expectations

    Wynn Resorts’ 3Q earnings missed expectations on a steep drop in revenue from its Macau operations with income from the high-roller segment falling by half. The operator said net revenues for the quarter were $996.3 million, down from $1.37 billion a year earlier and below forecasts for $1.03 billion. Net revenue in Macau was down […]

    Gaming stocks winning streak temporary

    Macau casino operators are leading gains on Hong Kong’s stock market for the first time in nine months, reported Bloomberg. Citing Macquarie Investment Management and Pictet Asset Management, Bloomberg says the winning streak is temporary. MGM China Holdings, Wynn Macau. and Sands China, rose at least 20 percent in July, defying China’s stock rout and […]

    Macau GGR for month through July 5 at $394m

    Macau GGR for the month through July 5 was MOP 3.15 billion ($394 million), while the average daily rate was MOP630 million, higher than May’s rate of MOP579 million, according to Bernstein Research. Assuming ADR of MOP600 to 630 million for the remainder of this month, Bernstein estimates July GGR to be MOP18.8 to 19.5 […]

    All Asia Dealers Championship details announced

    At press conference held on Tuesday May 12, 2015 in Macau, the All Asia Dealers Championship (AADC), taking place concurrently with G2E Asia 2015 and hosted by Asia Gaming Brief and Reed Exhibitions, announced the details of the competition. In all, fourteen teams, totaling over 50 Dealers, from Macau and across Asia have already confirmed […]

    Suncity expected to open VIP Room in Wynn Macau soon

    Junket operator Suncity Group Ltd may open its VIP gaming room in the Wynn Macau by the end of this week, Union Gaming Research Macau said. The research house wrote in a note that Suncity’s part of the casino-resort and the resort’s refurbished space for premium mass-market gaming will allow the casino operator to resume […]

    Dividend sustainability to be a concern, Wynn at risk, CS says

    The sustainability of dividends at Macau’s casino operators is likely to become a major concern for investors as earnings deteriorate at the same time as capital spending requirements ramp up due to new projects, according to a Credit Suisse report. “In light of the risk of earnings deterioration in 2015 but ongoing capex requirement for […]

    Melco, MGM outshine peers in Q3

    Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

    Bright future seen for gaming growth

    Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

    No clarity in casino concession countdown

    The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.

    Trade war creates headwinds for Macau gaming stocks

    Macau gaming stocks are feeling the heat from the trade war between the U.S. and China, falling to their lowest levels in a year, with some analysts cutting their growth forecasts on concern for a slowdown in China’s economy.

    Macau stock rally seen losing steam

    Macau’s gaming stocks have rebounded to trade at two-year highs, tracking the recovery in gross gaming revenue, however analysts warn against over optimism, saying growth may be nearing its peak, at least in the short term.
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