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Wynn Macau Ltd

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  • 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...

  • *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...

  • SHANGHAI, Nov 5- Shares in Hong Kong fell on Wednesday on signs that China's economy continued to lose momentum heading into the fourth quarter, and as slumping revenues hit Macau casino shares. A series of official and private surveys in recent days have highlighted the risks to China's economy, putting Beijing's official 7.5 percent growth target for the year...

  • SHANGHAI, Nov 5- China shares fell on Wednesday due to profit-taking, but energy-related shares limited falls after the country's power authority said work had started on an ultra-high voltage power project. "The index is adjusting, it faces profit-taking pressures," said Wang Weijun, analyst at Zheshang Securities in Shanghai, adding the index was expected to...

  • *China encourages infrastructure firms to invest overseas. SHANGHAI, Nov 4- China shares were flat on Tuesday morning after a five-day rally as profit taking capped gains in engineering and machinery companies, which rose after Beijing encouraged infrastructure firms to invest abroad. Shares in infrastructure firms were the biggest gainers, with market...

  • HONG KONG, Nov 4- October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October was also the fifth consecutive month of declines after two years of rapid growth which saw Macau surpass Las...

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • *Hong Kong indexes head for best month since July. *Mengniu rises after Danone's investment in Yashili. HONG KONG, Oct 31- Shares in Hong Kong and mainland China markets rose on Friday, helped by strength in most heavyweight stocks as investors bet that China's government will roll out more support measures for the economy.

  • 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.

  • Hong Kong shares gain on Fed hopes, casino stocks jump Wednesday, 29 Oct 2014 | 4:07 AM ET

    HONG KONG, Oct 29- Hong Kong shares rose, tracking strength in China markets, on anticipation the Federal Reserve later on Wednesday will reinforce signals that it could be a long time before U.S. interest rates rise. The Hang Seng Index unofficially closed up 1.3 percent at 23,819.87 points in its highest close since Sept. 24, while the China Enterprises Index of...

  • *Hong Kong gambling shares up after Wynn Macau earnings. HONG KONG, Oct 29- China and Hong Kong shares rose more than 1 percent on Wednesday, heading for a second straight day of gains, on hopes of more favorable policies from the Chinese government, with tranportation stocks leading gains for mainland equities. In Hong Kong, the Hang Seng Index advanced 1.4 percent...

  • 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.

  • HONG KONG, Sept 19- Hong Kong shares had solid rises on Friday, after Alibaba Group's red-hot initial public offering underpinned U.S. bourses, but they were still down for for the week. HSBC Holdings, top boost on the Hang Seng, added 1.7 percent to a seven-month high and Standard Chartered rose 0.9 percent.

  • China shares rise on strong banks, Hong Kong slips again Thursday, 18 Sep 2014 | 12:50 AM ET

    HONG KONG, Sept 18- China shares extended gains on Thursday morning bolstered by a leap in bank and brokerage stocks, while the Hong Kong market dipped back into the red as economic worries prevailed. "For Hong Kong, the negative impact mainly comes from the Chinese economy," said Linus Yip, strategist at First Shanghai Securities.

  • 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

    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

    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

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