Craig Billings, CEO of Wynn Resorts, said the company was ‘well-positioned for success in Macau’s next phase of growth’.
Macao gaming
Robert G. Goldstein, chairman and chief executive officer of Las Vegas Sands, Sands China’s controlling shareholder, said he was pleased to see recovery “accelerate during the quarter”.
The company says its performance last year was attributable to the pandemic, but analysts say it will make a strong comeback in 2023.
Wilfred Wong, the president and executive director of Sands China, says the gaming concessionaire is already going in the ‘direction that the government wants us to go in’.
An official survey of the industry in the last months of the pandemic paints a picture of depressed wages and virtually no labour movement.
Company’s revenues in three months to 31 December 2022 dropped by 41.57% year-on-year from US$325.66 million to US$190.26 million.
January’s MOP 11.58 billion GGR up by 232.56 per cent month-on-month but around half receipts of MOP 22.12 billion prior to pandemic in January 2020.
CEO Robert Goldstein remains ‘deeply confident’ in future of Macao and considers it an ideal market for additional capital investment.
Chau and five other defendants also found liable in compensation claims filed against the group by Macao government and five gaming operators.