Wynn Macau News - Page 2

Total casino revenue was $3.5 billion in October — Macau’s fifth straight monthly decline, the Macau Gaming Inspection and Coordination Bureau said Tuesday.

Wynn said its net income for the quarter that ended Sept. 30 was $191.4 million, or $1.88 per share. A year ago, the company reported net income of $182 million, or $1.79 per share.

Wynn Macau's Board of Directors voted unanimously to remove Kazuo Okada from the Board effective immediately.

Wynn Resorts CEO Steve Wynn has ousted former business partner Kazuo Okada from the board of Wynn Macau casino.

Net revenues for the year ended 2011 increased 25.9%.

In 2010, Macau produced $23.5 billion in gaming revenues, more than five times the total on the Las Vegas Strip.

A 41.7 percent increase in revenues at Wynn Macau helped return Wynn Resorts to profitability in the third quarter.

Shares prices for Wynn Macau and Sands China fall sharply over fear that China's growth may slow.

Wynn Macau opened on Sept. 6, 2006 and the luxury resort has thrived in the booming Macau gaming market.

Casino authorities in Macau said Monday that gaming revenues grew 48.4 percent in July, hitting the $3 billion mark for just the second time.

Wynn Resorts reported double-digit increases in revenues across the board that helped the company more than double its second-quarter profit.

After opening second property in Macau, Wynn Macau sees net income double.

Adjacent to sister resort Wynn Macau, Encore made its grand debut on Wednesday and includes 414 suites and villas.

The new property is an all-suites boutique hotel that is adjacent to its sister resort, Wynn Macau.

The casino operator announced it had narrowed its fourth-quarter net loss from a year ago based on results from Wynn Macau.

Casino City selects the 10 most striking gaming venues across the world, with Monaco's Casino Monte Carlo taking the No. 1 spot.

Wynn Resorts said its net loss in the fourth quarter was $159.6 million due to a nearly $100 million tax expense and falling revenues Vegas casinos.

International news brief: Wynn Resorts said third-quarter profit rose 14 percent as increased gambling in Macau made up for declines in Las Vegas.

The slumping Las Vegas economy drove down revenue at the company's Wynn Las Vegas for the three months that ended June 30. But results from Wynn Macau offset the losses.

The one-day drop of nearly $9 per share in the value of Wynn Resorts Ltd., less than 24 hours after the company reported earnings, was expected, according to Wall Street analysts.