Articles tagged “macau”

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 days 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.

2 weeks 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.

5 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

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.

2 years 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.

2 years 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.

2 years 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.

2 years 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.

2 years ago