Tag Archives: Wynn Macau
China – Wynn Macau confirms Craig Billings as new CEO
Wynn Macau Ltd has confirmed it will appoint Craig Billings as the company’s new CEO when current CEO Matt Maddox resigns early next year. Mr. Maddox resigned after two decades with Wynn Resorts, most recently as the Company’s Chief Executive Officer where he steered the Company through a very difficult period of time in its…
China – Wynn Macau set to bloom post-COVID
Analyst Sanford C. Bernstein is predicting that Wynn Macau’s mix of VIP and mass gaming, along with its expansion at Wynn Palace in Cotai, should see it explode out of the COVID-19 slowdown. It has highlighted that Wynn Macau’s strength and diversity in operating efficiency should help its rebound. Sanford Bernstein analysts Vitaly Umansky, Tianjiao…
China – Sands, MGM and Wynn to get ‘level playing field’ in Macau’s re-licensing process
Macau’s three US casino licence holders can expect a ‘level playing field’ when it comes to the relicensing process in 2022, according to ratings agency Fitch. Fitch believes that Sands China, MGM China and Wynn Macau will be given pragmatic approach from new Chief Executive, Ho Iat Seng but also believes there is still a…
China – Fireworks as Macau government responds to Wynn’s table cap criticism
The government in Macau has rounded on Steve Wynn after he publically lamented the government’s policies when it came to issuing table game allocations for new casinos. Mr. Wynn, who has long been a keen advocate in how Macau’s leaders does business, is dismayed at how casinos are having to make employment decisions and investment…
China – Wynn rocked by inside junket job
Hong Kong-based investment bank Daiwa Capital Markets has informed that up to $US258m has been stolen from a VIP room operator in inside Wynn Macau. Wynn Macau’s shares fell by nine per cent on the news casino. Daiwa said: “Staff at Dore Holdings, a VIP room operator in Macau, have allegedly fled with between HKD200m…
