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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

Bank says gaming revenue slowing in November

Broker thinks casino gaming revenue will be 20 pct lower than a year ago

Q3’s 240 MICE events attract 725,000 people

Some 29,000 people take part in meetings and 695,000 attend exhibitions

Macau companies to be offered some Ilha Verde work

But govt says state-run company will be main contractor for new border post

Academic advises more cooperation in RMB business

Says profitability depends on Macau and Pearl River Delta working together
Headlines

Nobel laureate tells Macau to diversify investment

Economist Robert Engle says investing in China is the city’s biggest risk

Sing Hou Entertainment aims to float shares in HK

Junket operator goes in search of capital as the VIP gaming market shrinks

Louis XIII casino-hotel due to open mid-2016

Developer expecting strong cash flow once the business is fully operational

Border Gate to be open two hours longer each day

Other border crossings will be open to some travellers around the clock

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1. Broker thinks GP will put brakes on gaming revenue
2. Fall of 13 pct in casino revenue forecast for 2015
3. James Packer promises to steer clear of Stanley Ho
4. Govt says Cotai should keep its golf course
5. Galaxy Entertainment Q3 EBITDA rise to HK$3.3 bln
 
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