Location: Macau
Wynn Macau revenues down 11% quarter-on-quarter to US$885 million on low mass hold at peninsula IR
The Macau operations of US-based casino giant Wynn Resorts Ltd reported total operating revenues of US$885.3 million in the three months to... more
Wynn Resorts sets second quarter earnings record
Wynn Resorts Tuesday announced it set a second-quarter record for property earnings, along with year-over-year increases in operating... more
Wall Street Bets: Analysts take on DraftKings surcharge, AGS price target, Macau
DraftKings surcharge DraftKings’ announcement it was going to charge a surcharge on certain wagers attracted the attention of Wall Street.... more
Analyst: Macau’s crackdown on money exchange having impact
A government crackdown on illegal money exchanges is depressing gambling volume in Macau. That was one of the conclusions of Jefferies... more
Pereira Coutinho against ‘mass tourism’
Lawmaker José Pereira Coutinho says many residents are concerned with the “mass tourism” over the past few months, calling on the... more
Macau GGR seen improving in August but money exchange crackdown looms as potential headwind
Industry analysts are predicting a much stronger August for Macau’s casino operators than the more subdued June and July, although concerns... more
Macau GGR up 5.1% month-on-month to MOP$18.6 billion in July
Macau’s Gaming Inspection and Coordination Bureau (DICJ) reported industry-wide gross gaming revenue of MOP$18.6 billion (US$2.31 billion)... more
New aviation law could connect Macau to the U.S., South America and Australia
Macao’s aviation sector could undergo a dramatic transformation once lawmakers finally pass the Civil Aviation Activities Bill, set to end... more
Sands executives optimistic after Singapore and Macau renovations complete
Las Vegas Sands Corp. traded lower Wednesday in post market trading, with revenue gains falling short of market expectations. Net revenue... more
Las Vegas Sands shows second quarter gains as stock sits at 52-week low territory
Las Vegas Sands reported financial results for the second quarter that show year-over-year gains in revenue, income, and adjusted earnings.... more
