Boosted by high stakes on its VIP baccarat tables, Wynn Macau has announced a provisional 99 per cent year-on-year operating revenue increase. The USD100-106m figure during the second quarter also represents a rise of 32 per cent on the first quarter of 2008.
The figures come from a preliminary earnings release, and show that the
600-room property will earn a quarterly profit around five times
greater than its Las Vegas counterpart. The U.S. economic downturn and
poor performance from Wynn's Las Vegas property have the company's share value tumble, dropping around 37 per cent so far this year.
Wynn Macau is currently building a USD600m extension - adding more
casino space and 400 hotel rooms - to the USD1.2 bn property, and has
also acquired a plot of land on the Cotai Strip, a sliver of land
conjoining the neighbouring islands of Coloane and Taipa and which will become Macau's answer to the Las Vegas Strip.
News & Interviews 
(0 vote)
