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Wynn Macau Ltd

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  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • HONG KONG, Mar 3- Gambling revenue in Macau, the world's biggest gaming hub, plunged by a record 49 percent in February, as wealthy players shied away from China's only legal casino hub following the economic slowdown and Beijing's crackdown on conspicuous spending. Revenue fell for the ninth consecutive month to 19.5 billion patacas in February, from 38 billion...

  • Time to go all in on Macau gaming stocks? Thursday, 5 Feb 2015 | 5:46 PM ET
    A croupier deals a card on a blackjack table inside the Venetian Macao resort and casino, operated by Sands China, in Macau, China.

    With the prospect of a recovery increasing, some analysts say now's the time to scoop up battered Macau casino plays.

  • Asian stock markets outside Shanghai joined the global rally on Wednesday, shrugging off a slip in crude oil prices in early trading.

  • *Hang Seng Index heads for best week in 5. HONG KONG, Jan 2- Hong Kong shares rose on the first trading day of the new year on Friday and looked set for their best week in the last five weeks, with Chinese property and financials stocks leading the way. "Sentiment toward companies which are to be benefit from China's policy remained strong, and that fuelled demand for...

  • October is set to be the worst month on record for casino revenues in Macau as a result of China's war on corruption and slowing economic growth.

  • Steve Wynn dogged by major pullback in China Wednesday, 29 Oct 2014 | 1:57 PM ET
    Wynn Resorts Chairman and CEO Steve Wynn.

    Steve Wynn can't predict when gambling trends will improve in Macau. Investors should beware betting on a bounce in his company's stock.

  • Are Macau casino stocks a 'screaming buy'? Wednesday, 8 Oct 2014 | 8:31 PM ET
    A Sands casino employee undergo training in Macau.

    Macau casino stocks have lost almost a third of their value this year, sparking speculation over whether a bottom is near.

  • Chinese gamblers at a casino located inside the Venetian hotel in Macau, China.

    A smoking ban in Asia's Las Vegas is sparking concerns that the policy could stub out the city's gaming outlook.

  • Time to drop your bets on Macau? Sunday, 17 Aug 2014 | 6:23 PM ET
    A croupier deals a card on a blackjack table inside the Venetian Macao resort and casino, operated by Sands China, in Macau, China.

    Investors wondering if it's time to cash out on their investments in Macau would be best advised to take their chips off the table.

  • Investors turning cautious on Wynn Macau   Sunday, 13 Jul 2014 | 11:22 PM ET
    Tanrich has a hold rating on Wynn Macau

    Jackson Wong, Vice President of Tanrich Securities, attributes its hold rating on the stock to the recent land deal probe and the bearish outlook of Macau's gaming sector.

  • Inside Chanos' China short   Thursday, 15 May 2014 | 12:36 PM ET
    Inside Chanos' China short

    Jim Chanos, Kynikos Associates founder & president, explains why he is no longer long Macau casinos, and short Caterpillar.

  • Lippo, Caesars get approval for casino in South Korea Monday, 17 Mar 2014 | 11:10 PM ET
    Casino gambling cards

    South Korea granted a preliminary casino licence to a Lippo and Caesars Entertainment venture to build a resort on Yeongjong island.

  • Time to go all in on Macau casino stocks?   Wednesday, 5 Feb 2014 | 9:17 PM ET
    Time to go all in on Macau casino stocks?

    Mark Tinker, Head of AXA Framlington Asia at AXA Investment Managers Asia, says Macau's cashflows and strong fundamentals indicate the gaming sector remains attractive.

  • Earnings Squad: WYNN, CMG & MA   Friday, 31 Jan 2014 | 11:52 AM ET
    Earnings Squad: WYNN, CMG & MA

    Discussing the action in Wynn Resorts after the company reported better-than-expected Q4 earnings, and Chipotle's beefy earnings and huge pop in the stock, with CNBC's Mary Thompson and Melissa Lee.

  • Is it too late to roll the dice on Macau? Tuesday, 17 Dec 2013 | 5:40 AM ET

    Macau's casinos may have bright earnings prospects, but after many of the shares more than doubled this year, is it too late to make a bet?

  • Investing in Casinos, a Safe Bet?   Monday, 8 Jul 2013 | 11:35 PM ET
    Macau Casinos Will do Even Better in Q2

    Grant Govertsen, Principal and Analyst at Union Gaming Group, is bullish when it comes to gambling stocks and explains why investing in casinos is a safe bet.

  • Wynn Says SEC inquiry Completed   Monday, 8 Jul 2013 | 4:13 PM ET
    Wynn Says SEC inquiry Completed

    Wynn Resorts says the SEC has ended its inquiry into the donations made to Macau University, reports CNBC's Jane Wells.