WYNMF News and Press, Wynn Macau Ltd. From 08/01/22

Gross gaming revenue in Macau fell 95% year-over-year during July to 398M patacas ($49M), according to the Gaming Inspection and Coordination Bureau. The monthly tally was slightly better than the consensus expectation for a 98% drop, but marked the worst month ever for the gambling...

Macau casinos could open their doors as soon as Saturday, according to Reuters. Citing “a source with direct knowledge of the information”, the outlet indicated that regulators are quickly working to drop its most stringent restrictions. The reopening comes just ab...

In statements to the World Economic Forum on Tuesday, Chinese premier Li Kieqang indicated China will continue to pursue reopening policies, including the resumption of international travel. According to Chinese state media, the premier that has become the face of reopening acro...

In a familiar refrain, Macau-linked casino stocks slid sharply on Monday amid reports that regulators are stepping up action to curb rising COVID cases. According to official figures, cases jumped to 1,526 in the region since mid-June. A Johns Hopkins case tracker indicates that the...

The Macao SAR Government has ordered the closure of all commercial and industrial businesses for the next week with limited exceptions for essential services. The decision was made after 71 new COVID cases were reported locally to bring the total number of positive cases in the late...

Bank of America stayed constructive on the Macau sector after the region saw its worst monthly gross gaming revenue tally since September of 2020 when GGR fell 62.1% year-over-year to 6.54B patacas in June. The sharp drop was due to local COVID cases in Macau and travel restrictions thr...

Macau casino stocks fell in Hong Kong after the gambling region saw its first COVID-19 outbreak in eight months. The city reported 21 preliminary-positive cases in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow tim...

Bank of America said the final version of the gaming law passed by the Macau Legislative Assembly reflected the amendments that have been revealed in the past couple months and were in-line with expectations. The amendment bill allows for six new concessions, with a maximum term of 10 years a...

Gross gaming revenue in Macau fell 68% year-over-year during May to 3.34B patacas ($410M), according to the Gaming Inspection and Coordination Bureau. The monthly tally was 25% higher than the mark from April, but missed the consensus expectation for a drop of 64%. GGR is down 44% to $24.79B ...

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...