Articles tagged “macau”

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.

3 months 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.

3 months 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.

8 months 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.

8 months ago

Profits in Vegas Give MGM Resorts a Second Quarter Boost

Profits in Vegas Give MGM Resorts a Second Quarter Boost

Christopher Palmeri, Bloomberg

MGM Resorts is smart to diversify its portfolio throughout the U.S., and not just to concentrate it in major gaming destinations like Vegas and Macau.

9 months ago

Macau Sees Better Than Expected Gaming Revenues in July

Macau Sees Better Than Expected Gaming Revenues in July

Daniela Wei , Bloomberg

Macau's challenged gaming and tourism industry needs as many good signs as it can get, especially as the destination prepares to welcome two of its newest and biggest developments in the next few months.

9 months ago

Macau Casinos Think the Return of VIP Gamblers Could Mean a Resurgence

Macau Casinos Think the Return of VIP Gamblers Could Mean a Resurgence

David Fickling, Bloomberg

Macau is going where the money is with VIP gamblers but it's anyone's guess whether that will end up paying off for the city.

10 months ago

Tourists Are Helping Macau’s Casinos Bounce Back

Tourists Are Helping Macau’s Casinos Bounce Back

Daniela Wei, Bloomberg

This is certainly welcome news for Wynn and Sands, both of which have mega resort-casinos opening in Macau later this year.

10 months ago

Wynn Resorts Expanding in Macau Despite Falling Profits from China Clampdown

Wynn Resorts Expanding in Macau Despite Falling Profits from China Clampdown

Christopher Palmeri, Bloomberg

Wynn Resorts, Las Vegas Sands and MGM Resorts all intend to expand in Macau despite strong signals that the boom times may be over, for now at least. It might be time to rewrite the playbook.

1 year ago

Macau Casino Giant Bets on an Avatar-Like Theme Park

Macau Casino Giant Bets on an Avatar-Like Theme Park

Daniela Wei and Jill Mao, Bloomberg

It'll be interesting to see if this family-friendly theme park can compete with Disneyland Shanghai--or Disneyland Hong Kong--for that matter.

1 year ago

Wynn Resorts’ Strong Earnings in Vegas Helps Offset Macau Drop

Wynn Resorts’ Strong Earnings in Vegas Helps Offset Macau Drop

Christopher Palmeri, Bloomberg

There are plenty of wealthy Chinese travelers and gamblers with pockets full of cash to spend, as Wynn put it, even as the Chinese economy sees a slow down. Signs already point to Macau's casinos bottoming out and bouncing back.

1 year ago

Starwood Is Helping Create Macau’s Emerging Meetings Market

Starwood Is Helping Create Macau’s Emerging Meetings Market

Greg Oates, Skift

Macau is an example of an emerging meetings destination that will see U.S. market growth on the backs of its U.S. hotel partners like Sheraton and St. Regis, but the challenges are significant due to the region's reputation as the "Las Vegas of the East."

2 years ago