Wynn Macau News

The ultimate award of the gaming concession contract remains subject to the final documentation.

In addition to holding the most FTG Five-Star awards of any independent hotel company, Wynn Las Vegas, Encore Las Vegas, and Wynn Palace also remain the three largest FTG Five-Star resorts in the world for the second consecutive year.

Operating revenues were $953.7 million for the first quarter of 2020, a decrease of 42.3%, or $697.8 million, from $1.65 billion for the first quarter of 2019.

Wynn Las Vegas and Encore Resort in Las Vegas have each earned five-star status and are now the largest and second largest Forbes Travel Guide Five-Star resorts in the world respectively.

With a prime space hovering over the main casino floor and an array of unique amenities, Encore Boston Harbor has introduced a new ultra-modern home for poker players in New England.

With 19 collectively across its global portfolio, Wynn Resorts has the most FTG Five-Star awards of any independent hotel company.

The founder and CEO of Wynn Resorts went on a "tirade" against Macau's gaming regulators in a conference call with analysts last week.

Steve Sebelius takes Steve Wynn to task for his most recent statements of frustration with the Chinese government.

Net revenue declined slightly compared to the same quarter the prior year, in large part due to the unfavorable market conditions in Macau.

The junket operators, which have long been suspected of being affiliated with organized crime, have come under extra scrutiny during the Chinese government's crackdown on corruption.

Alleged theft from junket company operating out of Wynn Macau hits Wynn's stock price.

Net revenues were down compared to the second quarter of 2014, largely as a result of the ongoing revenue decline in the Macau market.

Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.

Macau Chief Executive Fernando Chui told lawmakers on Monday the Special Administrative Region had entered an “adjustment” period of slower and stable growth.

Nine straight months of casino revenue declines, including a record 49 percent drop in February, are primarily because of a government-imposed crackdown on corruption.

In a proxy filing with the U.S. SEC Friday, Wynn Resorts said it will reduce its Class I board members from three to two.

Wynn said Tuesday revenue from it two Macau casinos dipped 32 percent in the quarter that ended Dec. 31.

January's decline was the eighth straight monthly drop.

The worry is now about 2015 and what effect continued softness in the world’s largest gambling enclave will have on Nevada casino operators.

Even after six consecutive monthly gaming revenue declines, Macau is still not close to hitting bottom.