Craig Billings, CEO of Wynn Resorts, said the company was ‘well-positioned for success in Macau’s next phase of growth’.
gaming revenues
The company says its performance last year was attributable to the pandemic, but analysts say it will make a strong comeback in 2023.
MGM China is about to exceed pre-pandemic gaming revenues for this quarter, analysts say, while Wynn Macau is gaining significant market share.
GEG Chairman Lui Che Woo says company has healthy balance sheet with cash and liquid investments of US$2.9 billion and net cash of US$2.5 billion as of 30 September.
CEO Craig Billings stresses company remains confident and market will bounce back once travel restrictions are relaxed.
CEO Lawrence Ho blames poor results on effects of Covid-19 restrictions and tighter border controls.
SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.
Macau’s casino revenue fell more than analysts’ predictions last month as mainland gamblers vanished after February’s week-long Chinese New Year holiday. Gross gaming revenue (GGR) decreased 16.3 percent year-on-year to 17.98 billion patacas, the Gaming Inspection and Co-ordination Bureau (DICJ) announced on Friday, marking 22 consecutive months of declines. That compares with the median forecasts […]
The drop in gaming revenues in the last 18 months has brought changes to local casinos’ high-roller market, Melco Crown Entertainment (MCE) Co-chairman and CEO Lawrence Ho Yau Lung said on Tuesday, adding that the shift from the high-rolling VIP to the mass market was “likely to be a permanent one.” “There has been a […]
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