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ISSUE 118 - Feb 2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 10 percent
 
 

Wynn expects early completion of Cotai resort


Posted: 7/31/2013 12:32:41 PM
Rating:     100% (1 votes)
  

Wynn Macau Ltd’s chief executive Steve Wynn says the company will open its first casino resort in Cotai in the first quarter of 2016, a year earlier than expected by some analysts.

The new resort will be called Wynn Palace, Mr Wynn told an earnings briefing.

“The theme of this hotel is flowers, floral things. The use of flowers, of water and natural light… has been taken to a new level for our company,” Mr Wynn said.

Wynn Macau Ltd is also renovating its existing Macau property. The renovation is scheduled to be completed by the end of this year.



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Headlines

Wynn Resorts Q2 earnings in Macau US$173.4 mln

Gaming slump depresses EBITDA 43.5 pct and cuts net revenue to US$617 mln

Wynn Resorts Q2 earnings in Macau US$173.4 mln

Gaming slump depresses EBITDA 43.5 pct and cuts net revenue to US$617 mln

Chief Executive says welfare measures sacrosanct

Fernando Chui seeks to reassure public about any cuts in govt spending

Jobless rate steady in trimester ended June

Gaming and construction have fewer employees, but hotel workforce grows

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