MACAU’S CASINO RECEIPTS HIT RECORD US$1.5 BILLION IN AUGUST macaunews.com.mo
Macau’s six gaming concessionaires generated US$1.5 billion or MOP11.27 billion in gross gaming receipts last month, the highest gaming revenue ever recorded locally, according to a source of the Gaming Inspection and Coordination Bureau (DICJ). Last month’s gaming revenues rose by 17.3% compared with the same month as last year. On a year-to-date basis, gross gaming receipts are down 6.8% on a year-over-year basis.
According to the cited DICJ source, SJM was again the leader with 26% of the market share. LVS and MPEL followed with shares of 24% and 16%, respectively. Wynn’s revenues amounted to 13% in August, with MGM and Galaxy taking 11% and 10%, respectively.
The Macau Post Daily also cited the Xinhua News Agency as stating that travel agencies in Guangdong had indicated that the mainland’s current travel-permit curbs for travel to Macau “will be relaxed in the coming months”.
WYNN REPORTEDLY PLANS $1 BILLION HONG KONG IPO FOR SEPT. 25 marketwatch.com
The Hong Kong Economic Journal reported today that Wynn Resorts Ltd. plans the raise US$1 billion in an initial public offering of its Macau assets on September 25. The Journal cited an unnamed source. Wynn plans to start a roadshow for the IPO on September 21, after receiving approval from the Hong Kong stock exchange next week.
Dow Jones Newswires reported that investment banks Morgan Stanley, J.P. Morgan Chase & Co. and UBS AG have been appointed to handle the IPO.