|Bid||23.70 x 0|
|Ask||23.75 x 0|
|Day's range||23.20 - 23.95|
|52-week range||15.90 - 31.35|
|PE ratio (TTM)||33.45|
|Earnings date||15 Aug 2018 - 20 Aug 2018|
|Forward dividend & yield||0.63 (2.64%)|
|1y target est||31.80|
Authorities in Macau, the world's largest gambling hub, said they will care for more than 600 greyhounds after their owner renounced them ahead of the closure of China's only dog-racing track on Saturday. The move comes after a long saga between government officials in the Chinese territory, animal rights activists, and one of the enclave's most well-known businesswomen, Angela Leong, the fourth wife of billionaire gaming magnate Stanley Ho. Leong, a long-standing Macau legislator and executive director of Yat Yuen, the company that operated Macau's Canidrome Club, has been criticised by animal rights groups such as Macau-based Anima, which said the greyhounds had been subject to cruel and inhumane conditions.
HONG KONG, July 1 - Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country's only legal casino hub. June marks ...
I am going to run you through how I calculated the intrinsic value of Wynn Macau Limited (HKG:1128) by taking the expected future cash flows and discounting them to today’sRead More...
Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution. Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.
Authorities in Macau, the world's biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China's latest move to clamp down on illicit capital outflows. The announcement from Macau's monetary authority late on Wednesday adds to a series of measures being implemented in the Chinese territory as it cracks down on such "illegal acts". The warning to banks came after pawn shops operating in Macau casinos had their UnionPay point-of-sale terminals removed, state broadcaster TDM said this week.
Gambling revenue in the Chinese territory of Macau posted a lower-than-expected 12.1 percent gain in May, as gamblers wagered less in the country's only legal casino hub. Figures from Macau's Gaming Inspection and Coordination bureau on Friday showed revenues stood at 25.5 billion patacas ($3.16 billion), just shy of the previous month's 25.7 billion patacas. The higher revenue in May still marks the 22nd month of consecutive rises, with revenue gains in the former Portuguese colony surging after plunging to five-year lows on slowing economic growth and a widespread crackdown on corruption starting in 2014.
A Macau court on Tuesday levied a fine of $5,000 on the territory's youngest lawmaker, but no jail time, at the conclusion of a trial viewed as a test case of transparency and conflict of interest in the world's biggest gambling hub. The lawmaker, Sulu Sou, 26, was ordered to pay a fine of 40,800 patacas ($5,060) on charges of aggravated disobedience over an unauthorised protest outside the home of the Chinese-controlled territory's leader, Fernando Chui. Macau law provides for Sou to be stripped of his duties as a legislator if he spends more than 30 days in jail.
A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The heavyweight meeting, which had government representatives from countries including China, the Philippines, Thailand and Cambodia, aimed to provide an information exchange platform as rapidly evolving technology makes it harder to regulate illicit money flows.
HONG KONG, May 2 (Reuters) - Macau casino SJM Holdings posted a 25.8 percent rise in its first-quarter net profit on Wednesday on strong gambling demand in the only place in China where casinos are legal. ...
Macau's oldest gambling company, SJM Holdings, is playing catch up as its rivals ride the wave of a gambling boom in the southern Chinese territory. SJM, which is controlled by the family of Stanley Ho, is facing an unclear leadership future and the delayed opening of its planned $4.6 billion casino resort in Macau's Cotai strip. The departure of Ho, who is one of Asia's richest men, once he retires as chairman of SJM on June 12, could spark a power struggle at the company, analysts say.
Casino stocks Wynn Resorts, Melco Resorts & Entertainment and Las Vegas Sands climbed Tuesday as they got a boost from analyst-beating Macau gaming revenue last month.
May 1 (Reuters) - Gambling revenue in the Chinese territory of Macau surged 28 percent in April and beat analyst expectations, helped by solid demand from Chinese betters keen to play in the country's ...
Shares in Chinese companies offering online and mobile poker games have shed up to a fifth of their value over the past week, following reports in local media that the government would ban all poker-related applications from June 1. Companies like Boyaa Interactive and Our Game have seen their stocks slide up to 18 percent since the informal directive from the country's ministry of culture was reported in local media on April 19. A copy of the directive - circulated in local media and seen by Reuters - asks gaming platforms to stop operating Texas Hold'em games, a variation of poker, forbid services that transfer or trade virtual currency and stop the publication of anything poker or gambling-related on Weibo and WeChat.
Steve Wynn has left the firm he founded, but the risks from his legacy remain and new management aren’t saying and doing the right things to reduce them.
** Shares in Macau casino Wynn Macau slide as much as 5.3 pct as investors lock in profit after first-quarter earnings came in slightly short of forecast ** Weaker-than expected VIP revenues dampen earnings ...
to sell his stake in the company he co-founded. “There’s just been an onslaught of negativity from the media,” Mr. Maddox said. Tuesday’s report was the first quarterly financial release since Mr. Wynn stepped down from this roles with the company.
April 25 (Reuters) - Wynn Macau Ltd: * Q1 TOTAL OPERATING REVENUE $1.28 BILLION VERSUS $1.01 BILLION * QTRLY NET PROFIT ATTRIBUTABLE TO OWNERS OF CO $227.1 MILLION VERSUS $103.6 MILLION Source text for ...
Along a three-kilometre (2-mile) stretch of coastline in central Vietnam, construction cranes are digging up mounds of sand and rubble where the country's biggest casino is set to open next year. Driving the project is Suncity Group Holdings Ltd, which has made billions luring high-rollers – mainly from China - to the baccarat tables in the Chinese territory of Macau. Vietnam is betting big on developing a gambling industry, targeting the Chinese tourists who have been flocking to the country in recent years.
April 12 (Reuters) - * WYNN RESORTS IN EARLY TALKS TO SELL BOSTON-AREA CASINO PROJECT TO MGM - WSJ, CITING SOURCES Source text: https://on.wsj.com/2GSw5be Further company coverage: