Secretary for Economy and Finance Lionel Leong Vai Tac said that the government has not yet decided whether it will keep the current system of gaming sub-concessions. The policy secretary overseeing the gaming industry pledged that the government will “seriously” study the views expressed by civil society concerning the upcoming gaming concession bidding process. Leong […]
Wynn
Representatives of Macau’s six gaming operators said on Wednesday they believed the share of income from their non-gaming businesses in their total revenue will continue to rise.
Wynn Resorts has reported a 30.5 per cent 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.
Ian Coughlan was appointed as president of Wynn Macau, replacing Gamal Abdelaziz, who resigned, the Las Vegas-based company said Friday in a filing. Coughlan will be responsible for all operations and development at the Wynn Palace, as well as the Wynn Macau resort, the company said. The Palace opened on Aug. 22, and the part […]
Wynn Resorts Chairman & CEO Steve Wynn said on Wednesday that his US$4.2 billion Wynn Palace would cater for everybody, but suggested that those looking for theme parks visit Hengqin Island. Wynn made the comments during a press conference at Wynn Palace in Cotai which officially opens on Monday night. “Our strategy of the hotel […]
Wynn Macau announced on Monday that it has got permission from the Gaming Inspection and Co-ordination Bureau (DICJ) to transfer 250 gaming tables from its casino-hotel complex in Nape to Wynn Palace in Cotai. The US gaming company headed by Steve Wynn made the announcement in a statement to the Hong Kong Stock Exchange. According […]
Macau’s gross gaming revenue in July recorded a monthly decline of 4.5 per cent, amounting to MOP17.8 billion (US$2.2 billion), according to data released from the Gaming Inspection and Coordination Bureau (DICJ), the city’s gaming regulator. July’s gross gaming revenue fell less than the estimated percentage of 5.5 per cent, as the summer holidays brought more tourists […]
Wynn Macau’s net revenues dropped 13.8 per cent year-on-year to US$608.2 million in the first quarter, Wynn Resorts said in a statement in Las Vegas last week. Adjusted property Ebitda decreased 9.9 per cent year-on-year to US$191 million. According to the statement, table game turnover in the VIP segment amounted to US$13.47 billion, a 21.4 […]
The city’s six gaming operators started yesterday an over month-long discount promotion campaign titled “Macau Loves Locals” during which locals can enjoy various discounts on non-gaming offerings such as dining out, hotel rooms, shows and other kinds of entertainment. The campaign expires at the end of next month. Generally speaking, the discounts range from 20 […]