Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year.
Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and medium-sized enterprises (SMEs) from the food and beverage sector as part of its SME procurement partnership programme, which is jointly organised by the gaming operator and the Macau Chamber of Commerce.
Chen said she hopes the programme will strengthen her company’s business ties with local SMEs.
“We hope to support SMEs not just by purchasing from them […] but also by taking this opportunity to let local suppliers know our needs so that they can prepare [for possible orders] and at the same time raise their potentials and competitiveness,” Chen said.
The company’s Cotai property, Wynn Palace, was initially slated to open in March, was then delayed to June and may now possibly open on August 8, Steve Wynn, the company’s chairman and chief executive officer, said during an investor presentation in Las Vegas earlier this month.
Asked about the business prospects of the gaming industry this year, Chen said she hoped there will be a slight rebound.
“We hope it will stabilise and gradually see a slight increase by the end of the year,” she said.