Wynn Palace Cotai | World Casino News

Wynn Macau Limited initiates staff cost-cutting measures

November 12, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

As part of an effort to better manage its costs during the coronavirus-induced economic downturn and Asian casino operator Wynn Macau Limited has reportedly announced that it will not be renewing the contracts ...

Wynn Macau Limited experiencing slow post-coronavirus recovery

Adam Morgan

November 6, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships

Asian casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the third quarter showing that it experienced a decrease of 93.7% year-on-year in overall operating revenues ...

Wynn Resorts Limited bemoans strained United States/China relationship

Adam Morgan

August 19, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships

American casino operator Wynn Resorts Limited has reportedly announced that escalating tensions between the United States and China could be hindering its attempt at securing an undisclosed amount of new financ...

Wynn Macau Limited experiences second-quarter disappointment

Adam Morgan

August 5, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Macau

Asian casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the second quarter showing that it experienced a drop of 98.2% year-on-year in overall operating revenues to ...

Wynn Macau Limited warning of April and May earnings deficit

Adam Morgan

June 12, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Asian casino operator Wynn Macau Limited has reportedly warned investors that it is expecting to record a combined loss of up to $126.1 million in adjusted earnings before interest, tax, depreciation and amorti...

Wynn Resorts Limited ‘optimistic’ about its future in Macau

Adam Morgan

May 7, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

American casino operator Wynn Resorts Limited reportedly believes that its Wynn Macau Limited subsidiary has the ability to bounce back quickly once authorities in Macau lift a range of coronavirus-related trav...

Credit facility move for Asian casino operator Wynn Macau Limited

Adam Morgan

April 8, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Macau

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited has reportedly drawn some $50 million from a revolving $74 million credit facility in an attempt to counter the ongoing financi...

Salary surrender for Wynn Resorts Limited executives

Adam Morgan

March 25, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Labor Relations

The senior leadership of American casino operator Wynn Resorts Limited has reportedly announced that it will be forgoing some or all of its salaries for 2020 in an attempt to help mitigate the financial impacts...

MGM China Holdings Limited suffering from coronavirus fears

Adam Morgan

March 12, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The price of shares in Asian casino operator MGM China Holdings Limited reportedly fell to its lowest level in just over four years on Tuesday due to investor anxieties over the ongoing outbreak of a coronaviru...

Macau shutdown hurting Wynn Resorts Limited’s bottom line

Adam Morgan

February 7, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Macau, Labor Relations

The boss for American casino operator Wynn Resorts Limited has reportedly explained that the temporary shutdown of his firm’s two Macau properties is costing the company up to $2.6 million every day. Accordi...

Macau inaugurates long-awaited MLRT passenger railway

Adam Morgan

December 10, 2019

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Following over 15 years of planning and construction and the initial stage of the Macau Light Rapid Transit (MLRT) system reportedly opened earlier today to give the casino-laden city its first ever passenger r...

Wynn Macau Limited ‘not worried at all’ by a recent decline in VIP business

Adam Morgan

November 12, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Macau

In Macau and a senior executive with the local subsidiary of American casino operator, Wynn Resorts Limited, has reportedly declared that she is ‘not worried at all’ by a recent decline in business from the cit...

Disappointing third-quarter results for Wynn Macau Limited

Adam Morgan

November 7, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and the local subordinate of American casino operator Wynn Resorts Limited reportedly saw its third-quarter operating revenues decline by some 22.7% year-on-year to hit approximately $1.07 billion than...

Gaming machine revenues benefit Konami Holdings Corporation

Adam Morgan

August 2, 2019

Latest Casino and Gambling News, Game manufacturers, Economy/Finance, Japan

Japanese conglomerate, Konami Holdings Corporation, has reportedly released its financial results for the three month to the end of June showing that revenues from its pachinko and gaming machine divisions had ...

Wynn Resorts Limited unveils Crystal Pavilion expansion for Wynn Macau

Adam Morgan

July 11, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Economy/Finance, Macau

A little over eight months after announcing that it would be adding a further 1,371 rooms to its Wynn Palace Cotai venue and casino operator Wynn Resorts Limited has now reportedly unveiled a similar expansion ...