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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

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.



Other Macau Latest News

Galaxy Entertainment bet on VIP market pays off

Research house expects casino operator to be best performer in VIP gaming

Wells Fargo predicts flat casino revenue in August

Stockbroker says the ‘choppy’ gaming market has become a ‘rocky’ market

Govt increases water company’s fee by 5.59 pct

Macao Water had asked for 16 pct increase to cover cost of new investments

Annual consumer price inflation 5.92 pct in July

Govt blames higher cost of living on increases in rents and food prices
Headlines

Wynn Macau doubles its 2014 budget for design work

Revamping one casino-resort and building another costs more than it thought

Galaxy Entertainment H1 net profit hits HK$6 bln

Revenue grows 25 pct to HK$38.4 bln, EBITDA increases 26 pct to HK$7.3 bln

Chui aiming to force hand of casinos on purchasing

Will try to make gaming companies, govt depts buy supplies made in Macau

Chui would curb gaming growth in second term

Chief executive’s re-election manifesto envisages a more diverse economy

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