WYNMF News and Press, Wynn Macau Ltd. From 05/31/22

Shareholders of Studio City International Holdings (NYSE:MSC +63.3%) were big winners on Tuesday. Shares of the Hong Kong-based casino operator surged over 90% at intraday highs as investors eyed the reopening of its flagship Cotai, Macau casino and resort. While gains moderated toward T...

Gross gaming revenue in Macau showed a slight improvement last week, but remained below EBITDA break-even levels, according to checks by Jefferies. Analyst David Katz said there is some incremental progress with visitation to the gambling mecca as Portuguese non-resident nationals will be all...

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening “in a few days” as case numbers fall. The nation’s most populous city is...

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pr...

Casino stocks have enjoyed a solid start to the week, with even China-linked stocks making a slight comeback in the short term. Chinese stocks are attracting increased attention as Shanghai’s strict lockdown appears to be loosening. On April 20, the epicenter of the latest outbreak all...

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zo...

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M) to slightly trail the consensus estimate for a 55% decrease. Ongoing COVID restrictions and concerns held back traffic during the month. Gross gaming revenue was down 54% in March from the level seen in February with the lo...

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...