Member access

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

WYNN MACAU LTD (1128)

6
End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 07/25
31 HKD   -0.32%
5d agoDJASIA MARKETS : Hong Kong Stocks End Lower On Geopolitical Concerns
07/11 Former Macau partner sues Las Vegas Sands for $5 bln
07/11 STEVE WYNN : Macau graft agency probes Wynn land deal
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Macau April Gambling Revenue Up 22% On Year At MOP25.00 Billion

05/02/2012 | 03:05am US/Eastern
Recommend:
0

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; kathryn.okeeffe@dowjones.com

Recommend :
0
React to this article
Latest news on WYNN MACAU LTD
5d agoDJASIA MARKETS : Hong Kong Stocks End Lower On Geopolitical Concerns
07/11 Former Macau partner sues Las Vegas Sands for $5 bln
07/11 STEVE WYNN : Macau graft agency probes Wynn land deal
07/11 CITIGROUP : Citi reduces Wynn Macau to HK$40
07/09 WYNN MACAU : StanChart cuts Wynn Macau to HK$33.95
06/26DJASIA MARKETS : Asia Stocks Advance; Hang Seng Climbs 1.5%
06/18 WYNN MACAU : Nomura cuts Wynn Macau to HK$38
06/16 WYNN MACAU : Jefferies trims Wynn Macau to HK$25
06/12 CITIGROUP : Citi lowers Wynn Macau to HK$41
05/30 Japan’s Abe eyes Singapore style casino resorts to boost tourism
Advertisement
Chart
Duration : Period :
Wynn Macau Ltd Technical Analysis Chart | 1128 | KYG981491007 | 4-Traders
Income Statement Evolution
Wynn Macau Ltd : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF