Macau profit
Clarissa Kane | Published on August 26, 2008
The Resort has a great profit also in Macau and some Chinese newspapers wrote about the Wynn Resort and the fact that it may consider a Hong Kong stock offering to raise up to $ 3billion and that should help the company to fund the planned Encore at Wynn Macau. The Encore at the Wynn Macau will be a resort with 400 luxury suites and villas, shops, many restaurants and also VIP gaming space.
The construction began already and 2010 the project should be ready to be opened. In Macau the income situation is different, that's the reason why Wynn wants to build an Encore there: Wynn Macau expects second-quarter operating revenues to be between $ 100 million to $106 million, last year those incomes were just $ 53, 2 million.
The adjusted property cash flow incomes are expected to be between $ 152 million and $ 158 million and last year it has been $ 92 million. The final results for the second-quarter will be released on July 24. Wynn Resorts affirmed also that its board approved the increase of up to $ 500 million to the previously announced $ 1, 2 billion stock buyback program. Unnamed sourced diffused the news that Wynn Resorts hired Morgan Stanley, UBS and Deutsche Bank, because it needs help with a possible Hong Kong stock offering. Probably the project is going to be realized soon.
- New bonus codes
- 1078 Online casino list
- 972Instant play casinos
- 157Exclusive bonuses
- 403No deposit casinos
- 80Mobile casinos
- 8Bitcoin casinos
- Discussion forum
- 200Gambling news
- 14Affiliate programs
Newsletter
I wish to receive your exclusive bonuses!
You may opt-out at any time by clicking the unsubscribe link included in our emails. Privacy policy.
News
Bitcoin gaming websites are here!
The new era of the online gambling has begun, now you can play with Bitcoins and many other cryptocurrencies, and get instant withdrawals!
Visit our bitcoin casino list.
Basic Blackjack Strategies
Let’s see. Why would you consider trying a new casino such...Introducing new CasinoChan – top bonuses &
Avoid Bitcoin Gambling Scams
Bitcoin gambling has been gaining popularity and the trend is...
Online Casino advice for beginners
If you've never gambled on line before, or are a newcomer to the...
How Casinos Profit
Perhaps you have been aware that, whenever you go inside any casino,...