Tagged wynn palace cotai

JPMorgan Chase and Company upgrades trio of Macau casino operators

January 13, 2022

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

American investment bank JPMorgan Chase and Company has reportedly given the coronavirus-hit casino market of Macau a big boost by promoting the value of shares in a trio of its most prominent operators. Acc...

Matt Maddox stepping down as boss of Wynn Resorts Limited

Adam Morgan

November 10, 2021

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Employment & Careers, Macau

American casino operator Wynn Resorts Limited has announced that its Chief Executive Officer, Matt Maddox (pictured), is to step down from the end of January to be replaced by its current President and Chief Fi...

Wynn Macau Limited suffers third-quarter financial setback

Adam Morgan

November 10, 2021

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the third quarter showing that its operating loss improved by 55.8% year-on-year to slightly over $95....

Tak Chun Group to open VIP gaming lounge inside The Londoner Macao

Adam Morgan

February 5, 2021

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

In Macau and prominent casino junket operator Tak Chun Group has reportedly announced that it is to premiere its latest VIP gaming club inside The Londoner Macao from Monday afternoon. According to a report ...

Positive earnings prediction for coming Grand Lisboa Palace

Adam Morgan

January 18, 2021

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

In Macau and local casino operator SJM Holdings Limited is reportedly expected to generate approximately $257 million in aggregated annual earnings next year from its coming Grand Lisboa Palace development. ...

Wynn Macau Limited initiates staff cost-cutting measures

Adam Morgan

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...