WYNMF News and Press, Wynn Macau Ltd. From 03/16/22

Macau casino stocks traded higher in Hong Kong on Wednesday after a pledge from China's central bank to keep capital markets stable and stimulate economic growth. A statement also indicated positive progress on the issue of Chinese stocks listed in U.S. markets. That stoked a strong rally in ...

The term "fallen angel" is applied by bond traders to debt that has been downgraded and nose-dived, and can apply to equities like LVS. The single biggest and most elusive headwind for the stock persists: China's zero tolerance COVID policy. A look at why LVS was an "angel" and wh...

Macau's government is extending gaming licenses for the six casino operators in the city. The decision will take some pressure off the Macau sector and the six operators who have not yet submitted their formal applications.  Macau Secretary for Economy and Finance Lei Wai Nong issued a s...

Macau gross gaming revenue gained 6.1% in February to 7.76B patacas ($0.96B) to trail the consensus estimate for a 7.0% increase. Ongoing COVID restrictions and a sharp crackdown on two junket operators impacted traffic negatively. Macau GGR is down 8% on a year-over-year basis. Jefferies is ...

Las Vegas Sands (LVS +5.1%) gained the most of any consumer stock in the S&P 500 Index after the emergency approval of the Pfizer antiviral pill is seen by analysts and investor as an indication that the zero-tolerance COVID policy in China could be lifted after the Olympics. The emergenc...

Macau gross gaming revenue fell 20.9% in January to 6.34B patacas ($785M). Although the GGR tally topped the consensus expectation for a fall of 31%, the rate of growth was far worse than the +1.8% mark recorded in December. The crackdown on Macau junket operators and tighter border restricti...

Macau casino stocks are on watch after a 45-day forum held in Beijing to address regulatory oversight, gambling license limitations and employee welfare issues ended with the issuance of a public consultation comments and a report by the Chinese government on promoting a sustainable and healt...

Macau casino gross gaming revenue was up 0.01% in November on a year-over-year comparison to 6.75B patacas ($834M) vs. +2% consensus estimate. On a sequential basis GGR was up 55% during the month, but was 70% lower than the pre-pandemic level in 2019. Macau GGR is up 49.9% for the first elev...

There is another negative development in the Macau sector for investors to weigh after Suncity Group (OTCPK:SCGHF) Chairman Alvin Chau was accused by Chinese authorities of being a leading member of a cross-border gambling group that set up casinos on the Mainland. It is still unclear if the ...

JPMorgan forecasts 2022 gross gaming revenue in Macau will be just over 50% of the pre-pandemic level seen in 2019 off a 70% recovery in mass and a 24% recovery in VIP. That is a slight lift to the previous outlook. Jefferies is also incrementally positive on the Macau outlook. Analyst David ...