Macau might curb growth of its casino industry with limits on gambling tables, other measuresOctober 13th, 2009 Macau eyes curbs on its booming gambling industryHONG KONG — Macau may curb the growth of its booming casino industry with limits on the number of gambling tables and other restrictions, the government said. The southern Chinese city's government met Monday with executives of six casino operators, including the local units of Las Vegas Sands and Wynn Resorts, to discuss a review of the industry, according to a government statement.
Wynn Macau shares jump 13 percent in Hong Kong trading debut after $1.63 billion IPOOctober 9th, 2009 Wynn Macau shares jump 13 percent in HK debutHONG KONG — Billionaire Steve Wynn's Macau casino company jumped 13 percent in its trading debut on the Hong Kong stock exchange Friday, reflecting stronger faith in the southern Chinese gambling city's prospects. Wynn Macau Ltd.
Reports: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclaveSeptember 20th, 2009 Reports: Wynn boosts size of IPO for Macau assetsNEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.
Report: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclaveSeptember 20th, 2009 Report: Wynn boosts size of IPO for Macau assetsNEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.
Wynn Resorts amends credit agreement to issue up to $500M in notes to pay down debtSeptember 14th, 2009 Wynn issuing up to $500M in notes to pay down debtLAS VEGAS — Casino operator Wynn Resorts Ltd. plans to issue up to $500 million in new secured notes to help it pay down its debt.
11 injured in Hong Kong acid attackSeptember 7th, 2009 HONG KONG - Eleven people were injured when a man threw acid during an altercation Sunday in a bustling market district, the fourth such attack in Hong Kong this year. Local television reports said victims had to be carried on gurneys to ambulances, their heads covered in bandages.
Macau casino operator Melco Crown to offer 37.5 million ADS unitsAugust 11th, 2009 Melco Crown to offer 37.5 million ADSNEW YORK — Macau casino operator Melco Crown Entertainment Ltd. said Tuesday it is going ahead with a public offering of 37.5 million American Depositary Shares, each of which represents three ordinary shares.
Casino operator Wynn Resorts' net income falls in 2nd qtr but tops analyst expectationsJuly 30th, 2009 Wynn Resorts' 2Q profit falls but beats estimatesLAS VEGAS — Casino operator Wynn Resorts Ltd. said Thursday its second-quarter net income fell 91 percent, hurt by lower gambling revenue and the continuing costs of opening the Encore at Wynn Las Vegas casino, but the profit topped forecasts.
Wynn Resorts casino company to post second-quarter earnings ThursdayJuly 28th, 2009 Earnings Preview: Wynn Resorts Ltd.LAS VEGAS — Wynn Resorts Ltd. is to report its second-quarter financial results after the market closes Thursday.
Former culture minister wins Macau election unopposedJuly 26th, 2009 MACAU - Former culture minister Ferdando Chui was elected as Macau's new leader Sunday after running unopposed in a poll of the former Portuguese colony's leading citizens. A 300-strong election panel, formed from representatives of Macau's business and political communities, cast their ballots in the election Sunday morning, giving Chui 282 votes.
Casino operators with Macau properties mixed on disappointing June gaming revenue resultsJuly 1st, 2009 Sector Snap: Casinos mixed on June Macau resultsNEW YORK — Shares of casino operators with Macau properties were mixed Wednesday on disappointing monthly gaming revenue results. June gaming revenue fell 17 percent compared with a year ago, according to media reports.
Wynn Resorts moves to 1st-quarter loss on declining revenue at its Macau resortMay 5th, 2009 Wynn Resorts posts 1Q loss on weakness in MacauLAS VEGAS — Casino operator Wynn Resorts Ltd. said Tuesday that it lost money in its first quarter partly because revenue and occupancy dropped at its Macau resort, and its adjusted earnings fell well short of analyst estimates.
Wynn Resorts books a wider-than-expected 1st-qtr loss after opening new Las Vegas casinoMay 5th, 2009 Wynn Resorts posts wider-than-expected 1Q lossNEW YORK — Casino operator Wynn Resorts Ltd. reported a wider first-quarter loss than Wall Street expected on Tuesday after opening a new casino resort on the struggling Las Vegas Strip and seeing revenue slip at its property in Macau.
Casino co. Las Vegas Sands refuses to comment on report it is selling Macau propertyApril 27th, 2009 Sands declines commment on report about Macau saleLAS VEGAS — Casino company Las Vegas Sands Corp. is declining comment on a Hong Kong newspaper report that it could sell the first foreign-owned casino in the Chinese island of Macau under a lease-back arrangement worth $1.3 billion.
Hong Kong stocks extend gainsJanuary 4th, 2009 HONG KONG - Hong Kong stocks continued their positive start to 2009 Monday with a second day of gains, rising by almost 3.5 percent. The blue-chip Hang Seng Index climbed 520.5 points, or 3.46 percent, to close at 15,563.31.