THE M3: JAN GGR; WYNN MACAU BONUS; WYNN ONLINE; FERRY VISITS

THE MACAU METRO MONITOR, FEBRUARY 5, 2014

 

 

JAN GGR DICJ

January GGR totaled HKD 27.902 billion (MOP 28.739 bn), up by 7% YoY (Street est: +13%).

 

WYNN MACAU GIVES 5% PAY RISE, ONE-MONTH BONUS Macau Business

Most of Wynn Macau Ltd’s 7,600-strong workforce have received a bonus equivalent to one month’s pay, and will get a 5% pay rise soon.  The pay rise is effective from March 1.

 

DOUBTS PUT WYNN'S US ONLINE VENTURE ON HOLD Macau Business

WYNN has postponed the launch of its online casino in New Jersey after CEO Steve Wynn questioned the venture’s profitability and the state’s laws.  Wynn’s objections were confirmed by a Wynn Resorts spokesman, who said the company no longer saw online gaming as an “entrepreneurial opportunity”.

 

FREE TOUR BAN MEANS FEWER TRAVEL BY FERRY Macau Business Daily

Fewer visitors have been coming to Macau by ferry since the mainland banned free package tours in October, a government official says. “There has been quite an impact on the number of package tourists coming to Macau by sea,” Marine and Water Bureau director Susana Wong Soi Man told reporters on Sunday. Ms Wong said the number of ferry passengers had fallen by between 10 percent and 20 percent since October. Ms Wong said passenger numbers had recently begun to recover.

 

Ms Wong said the renovation of the Outer Harbour Ferry Terminal on the peninsula was proceeding on schedule. She said the first phase of the expansion of the east and west wings of the terminal was “basically” complete. The number of ferry ticket and airline check-in counters would increase to 46 from 34, she said. Ms Wong said the next step was to install a baggage carousel before the summer, as the lack of such a carousel was the main cause of complaint about the terminal. The work will be done in five phases. The government expects the work, which began in July, to take at least one year. The terminal now handles about 40,000 passengers and 250 ferry movements a day, on average.


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An Update on Defense Spending by Lt. Gen Emo Gardner

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