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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Wynn Macau Ltd    1128   KYG981491007

WYNN MACAU LTD (1128)
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Macau April Gambling Revenue Up 22% On Year At MOP25.00 Billion

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05/02/2012 | 09:05am CEST

Gambling revenue in Macau rose 22% in April from a year earlier, government statistics showed Wednesday, as players from mainland China continued to fuel growth, though not at as quick a pace as the year before.

Gambling revenue in Macau, the only place in China where casino gambling is legal, rose to MOP25 billion (US$3.13 billion) last month, up from MOP20.51 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau. Revenue in the first four months rose 26% from a year earlier to MOP99.32 billion.

Macau's revenue growth has been explosive since the end of 2009 as players have continued to place bets regardless of China's tightening measures and local government policies aimed at slowing growth to a more measured pace. Analysts expect the pace of growth to slow in 2012, however, due to a high base of comparison last year and concerns about the sustainability of the aggressive growth in VIP play. The most bearish gambling revenue growth estimates for the territory hover around 11% compared with last year's 42% rise.

The Chinese territory remains the largest gambling center in the world many times over. Last year it raked in more than five times the gambling revenue of the Las Vegas Strip.

-By Kate O'Keeffe and Yvonne Lee, Dow Jones Newswires; 852-2802-7002; [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
GALAXY ENTERTAINMENT GROUP LIMITED -1.08% 64.15 End-of-day quote.4.99%
LAS VEGAS SANDS CORP. 1.12% 81.27 Delayed Quote.15.66%
MELCO INTERNATIONAL DEVELOPMENT LTD -2.94% 24.8 End-of-day quote.11.21%
MELCO RESORTS & ENTERTAINMENT LTD(ADR) 0.17% 29.75 Delayed Quote.2.27%
MGM RESORTS INTERNATIONAL 0.29% 31.32 Delayed Quote.-6.47%
SANDS CHINA LTD. -1.33% 44.65 End-of-day quote.12.61%
SJM HOLDINGS LIMITED -0.19% 10.32 End-of-day quote.48.49%
WYNN MACAU LTD -2.65% 27.55 End-of-day quote.14.79%
WYNN RESORTS 1.03% 175.09 Delayed Quote.2.80%
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Latest news on WYNN MACAU LTD
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Financials ( HKD)
Sales 2018 43 469 M
EBIT 2018 8 515 M
Net income 2018 7 363 M
Debt 2018 19 178 M
Yield 2018 4,41%
P/E ratio 2018 19,14
P/E ratio 2019 16,24
EV / Sales 2018 3,75x
EV / Sales 2019 3,36x
Capitalization 144 B
Chart WYNN MACAU LTD
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Wynn Macau Ltd Technical Analysis Chart | 1128 | KYG981491007 | 4-Traders
Technical analysis trends WYNN MACAU LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 32,6  HKD
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Matthew O. Maddox Chief Executive Officer & Executive Director
Ian Michael Coughlan President & Executive Director
Allan Zeman Non-Executive Chairman
Pearse Carruthers Ciarán Chief Operating Officer
Frank Anthony Cassella Chief Financial Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
WYNN MACAU LTD14.79%18 342
SANDS CHINA LTD.12.61%46 172
GALAXY ENTERTAINMENT GROUP LIMITED4.99%35 405
MELCO RESORTS & ENTERTAINMENT LTD(ADR)2.27%14 636
ARISTOCRAT LEISURE LIMITED26.29%14 113
MGM CHINA HOLDINGS LTD-9.57%10 120