• Sun
  • Jul 27, 2014
  • Updated: 12:46am

Publicly Traded Companies

Chips are down at Wynn Macau

Wynn Macau, the Hong Kong-listed unit of billionaire Steve Wynn's Las Vegas operation, reported a 7.1 per cent drop in second-quarter revenue as a slowing mainland economy makes gamblers more cautious at the gaming table.

Thursday, 19 July, 2012, 12:00am

Hiring crisis threatens Macau

As a rapidly growing gaming market, Macau is desperate for talented and experienced workers. The city had 28 million visitors, and enjoyed 21 per cent economic growth, last year - and is close to full employment.

23 Jun 2012 - 12:00am

Wynn casino resort to cost US$4b

US casino magnate Steve Wynn said yesterday that his new Cotai casino resort in Macau would cost US$4 billion to build.

Approval for a 51-acre site at Cotai was awarded to Wynn early last month. The casino giant currently operates a single high-end property, which opened in 2006, on the Macau peninsula but Cotai is fast becoming the city's new gaming mecca.

6 Jun 2012 - 12:00am

MGM China net income more than doubles

Shares of Macau casino operator MGM China rose 6.6 per cent to HK$13.82 yesterday, buoyed by net income that more than doubled to HK$3.28 billion from HK$1.57 billion a year earlier.

The 2011 full-year profit result, released after the market closed on Wednesday, showed earnings per share rose to HK$86.30 cents from HK$41.20 cents a year earlier.

24 Feb 2012 - 12:00am

Wynn Macau falls despite profit rise

Wynn Macau has reported a 15 per cent rise in fourth-quarter profit, but the casino group's full-year profit missed market expectations.

Shares of the Asian unit of casino giant Wynn Resorts dropped 2.4 per cent to HK$20.3 yesterday, while the benchmark Hang Seng Index was flat, edging up 0.08 per cent.

4 Feb 2012 - 12:00am

Sands China shares hit a lucky spot

Shares in Sands China rose 4.9 per cent to a record yesterday, after the Macau casino operator reported soaring profit and announced plans to pay dividends two times a year.

3 Feb 2012 - 12:00am

Macau casinos still on a hot streak

Casino developer Steve Wynn says there are no signs yet that Macau's high-stakes gambling volumes are being hit by the broader economic slowdown in the region.

21 Oct 2011 - 12:00am

Fortunes soar in Macau as money rolls in

Macau's soaring casino revenues have brought bumper profits to the city's six licensed gaming companies, and the winning streak shows no sign of cooling.

Three casino companies have already reported first-half results, and this week the others show their cards.

29 Aug 2011 - 12:00am

Casinos relying more on junkets

Macau's booming casinos are now more reliant on VIP gambling junkets and their high-rolling customers than at any point during the last six years, data released yesterday shows.

18 Jul 2011 - 12:00am

Macau casinos face 2020 licence expiry

You would not know it from the record stock prices or the number of planned resorts in the pipeline, but Macau's unprecedented gambling boom has a built-in expiration date.

13 Jun 2011 - 12:00am

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