Adjusted EBITDA was negative US$90.3 million for the second quarter, compared to a profit of US$67.6 million the previous year.
Effective 30 September 2022, industry veteran will be leaving Wynn Macau after more than five years to join Australia’s leading gaming group.
Outgoing president Ian Michael Coughlan leaves next February but will continue in advisory role; CEO hails successful transition.
CEO Craig Billings stresses company remains confident and market will bounce back once travel restrictions are relaxed.
Continent’s top restaurants honoured in annual list with local fine dining Cantonese restaurant recognised.
Golden Flower, Jade Dragon and The Eight in latest list compiled by culinary experts Asia’s 50 Best Restaurants; 1-50th places to be announced 29 March.
Celebrity chefs and top mixologists will also be demonstrating their skills at the annual awards which pays tribute to the best of Asian cuisine.
Galaxy, Melco, Wynn and MGM all promise time off to staff who accompany underage or senior relatives to get vaccinated against Covid-19.
Group reports good results with net revenues reaching HK$19.7 billion; hopes to open Phase 3 hotel and convention centre in Cotai by early 2023 latest.
Gaming operator bosses confident of more visitors in the coming months, point to healthy results at start of Year of the Tiger.
Move comes as gaming industry gears up for new licence tenders later this year and increasing unease over possible legal liabilities.
Thirty-six other outlets, including eight serving street food, commended by the prestigious gourmet dining guide’s team of anonymous expert inspectors.
All six operators united in their appreciation of the proposed changes, undertake to cooperate fully with the government.
Gaming operator looks to mass market for the future, with rival operation expected to follow suit.
New CEO will assume command on 31 January, at a time when the gaming industry is facing hitherto unknown challenges.
Dramatic development follows arrest of junket king Alvin Chau and landmark ruling by High Court last month.
Macao’s gaming operators also take a hit for the second day, suffering losses of up to 6.5% following Suncity CEO Alvin Chau’s arrest at the weekend.
Wynn Resorts CEO Matt Maddox to leave company at the end of January, to be replaced by current CFO Craig Billings.
Stations are aimed at estimated 22,000 Nepalese and Vietnamese non-resident workers as well as others employed in laundries or the renovation or security industries.
Jitters caused by plans to put government officials on boards and criminalise underground banking.
Wynn’s resorts are bouncing back, with the premium mass market proving especially fruitful.
Two of the most famous brews in China come together at a 24-day celebration which also highlights a pair of historic port cities.
Awards highlight good environmental practices, but fewer hotels get the top gold award this year.
The company’s Macao operations generated 74.5 per cent of its total adjusted property EBITDA in the first quarter of 2021.
Smokers, drinkers, seniors and anyone with a weak immune system is particularly at risk from bacteria that reproduce quickly in warm, moist areas.