Articles tagged “macau”

WeChat to Smooth China’s Border Process for Travelers Between Hong Kong and Mainland

WeChat to Smooth China’s Border Process for Travelers Between Hong Kong and Mainland

Lulu Yilun Chen, Bloomberg

When people pass between Hong Kong, Macau, and mainland China, they have to present border documents, called permits. A new feature on the popular WeChat app could replace the need for the documents someday, according to a proposal. Here's hoping.

2 weeks ago

China Pushes Back on U.S. Chiding Over Its Order for Airlines

China Pushes Back on U.S. Chiding Over Its Order for Airlines

Bloomberg

The U.S. went there — yes, a George Orwell jab at China's order that airlines should not refer to Macau, Hong Kong, and Taiwan as countries. The trade war gamesmanship is never boring.

1 month ago

Wynn Resorts’ New CEO Signals Changes in First Earnings Call

Wynn Resorts’ New CEO Signals Changes in First Earnings Call

Christopher Palmeri, Bloomberg

It's no longer the House of Wynn. In his first earnings call since founder Steve Wynn left the company amid a sexual harassment scandal, new CEO Matt Maddox said he's pulling back on some grand plans. Could he be readying the gaming and resort giant for a sale?

2 months ago

The Prospect of China Opening Up Hainan to Gambling Could Impact the Global Travel Industry

The Prospect of China Opening Up Hainan to Gambling Could Impact the Global Travel Industry

Bloomberg

The issue of opening up Hainan to gambling could have a huge impact if it signals more broadly that China wants to turn more inward and keep its growing middle class traveling at home rather than abroad.

2 months ago

Wynn Resorts Competitor Obtains 5 Percent Stake as Steve Wynn Cashes Out

Wynn Resorts Competitor Obtains 5 Percent Stake as Steve Wynn Cashes Out

Christopher Palmeri, Bloomberg

Wynn Resorts competitor Galaxy Entertainment now has an inside track to pick up the pieces of the rubble that Steve Wynn left in his wake.

3 months ago

Hong Kong Disney Is Losing Chinese Tourists as Macau Surges

Hong Kong Disney Is Losing Chinese Tourists as Macau Surges

Daniela Wei , Bloomberg

Hong Kong Disneyland is facing greater competition both from Macau, which is improving its family offerings, and from Shanghai Disney Resort. Disney and the Hong Kong government are spending $1.4 billion on an expansion to the theme park, which should attract more visitors.

4 months ago

Getting Rid of Steve Wynn Could Help the Gaming Company in Giant Macau Market

Getting Rid of Steve Wynn Could Help the Gaming Company in Giant Macau Market

Daniela Wei and Bruce Einhorn, Bloomberg

The new license was going to be tough, and Wynn's behavior would have been a factor. The hotel giant needs to make sure it has serious and talented management in place now that he's gone – he can't be secretly operating behind the scenes.

4 months ago

Hotels and Casinos Will Be Packed for Macau’s Upcoming Golden Week

Hotels and Casinos Will Be Packed for Macau’s Upcoming Golden Week

Daniela Wei, Bloomberg

More money from gamblers and less attention being paid to corruption is very good news for the city.

9 months ago

Macau’s Casinos Are Betting on Lunar New Year Travel to Boost Bookings

Macau’s Casinos Are Betting on Lunar New Year Travel to Boost Bookings

Lisa Pham, Bloomberg

The world's largest casino market could use some good fortune this year after suffering through challenging two years.

1 year ago

Wynn Resorts Misses Fourth Quarter Profit Expectations

Wynn Resorts Misses Fourth Quarter Profit Expectations

Associated Press

If Macau's revival continues, things could be looking much better for Wynn in 2017.

1 year ago

Steve Wynn Is Betting $4.2 Billion on His Latest Casino Resort

Steve Wynn Is Betting $4.2 Billion on His Latest Casino Resort

Christopher Palmeri and Daniela Wei , Bloomberg

Is there still demand for these mega resort-casinos in Macau? We'll see soon after the opening of Wynn Palace and The Parisian this fall.

2 years ago

Steve Wynn Got Fewer Tables For New Macau Resort in Government Crackdown

Steve Wynn Got Fewer Tables For New Macau Resort in Government Crackdown

Daniela Wei, Bloomberg

Wynn is still keeping its sights set on Macau even as the local government has become more aggressive in limiting gambling growth and cracking down on corruption. If Wynn is looking for even more expansion in the long-term, Macau may not be the best place to look.

2 years ago