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”.



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. 

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