Tag Archives: Macau
- Macau units lift Wynn Resorts Q2 net revenues
July 26, 2017
US casino operator Wynn Resorts saw its revenue rise 44.5 percent on the back of robust gambling in Macau during the second quarter. In a regulatory filing, Wynn announced that its net revenue jumped to $1.53 billion in the April to June 2017 period – a $470.9 million increase from...
- Galaxy Macau loses $77K in chip scams: report
July 25, 2017
A casino resort in Macau has reportedly lost HK$600,000 (US$76,849) in at least seven incidents this month involving fake gambling chips. The city state’s Judiciary Police told GGRAsia that the casino resort—which authorities declined to identify—has been targeted seven times since July 19. The latest incident took place on Saturday,...
- Macau earnings on tap, why to sell into strength
This week may be the last week to lock in Macau profits until the winter. If you still own Macau stocks and haven’t at least lightened positions to keep some profits, I suggest doing so on the upcoming earnings reports. Wynn, Las Vegas Sands, and MGM are all reporting earnings...
- Macau arrests 19 people suspected of running illegal VIP room
July 20, 2017
Nineteen people from mainland China were arrested in Macau on Wednesday on suspicion of operating an illegal VIP gambling room in a city hotel. According to a GGRAsia report, which quoted public broadcaster TDM, the hotel involved was located in the NAPE district, and the arrested people had been playing...
- Macau junkets seek higher capital reserves for new operators
July 18, 2017
Macau casino junket operators should be required to maintain significantly higher capital reserves to keep pace with the resurgent VIP gambling market and ensure investor confidence, according to a local junket rep. On Sunday, Macau broadcaster TDM featured an interview with Kwok Chi Chung, the head of Macau’s Association of...
- Sell everything and check back in September
Traders who have played the markets for a very long time tend to believe that news does not move markets long term. Though I have not played this game for very long, I do believe that news is mostly irrelevant. News may wiggle markets, but unless it is some sort...
Philippines can overtake Singapore, but with higher risk
March 21, 2017
The Industry Eye – Season 2 Episode 8
March 17, 2017