MACAU’S HOTEL GUESTS UP 18% IN JULY macaunews.com.mo
525,731 guests stayed at Macau’s 86 hotels in July, according to figures from the Macau Statistics and Census Service. This represents an increase of 17.9% from June and a decrease of 10.5% compared to the same month in 2008. Occupancy fell 10.8% year-over-year to 68.1%. Guests from the mainland and Hong Kong accounted for 43.3% and 29.3% of all guests in July, respectively.
The number of package tour visitors rose 42.7% in July from the preceding month but decreased 35.7% year-over-year; mainlanders accounted for 62.5% of all package tour arrivals in July.
WYNN IS CLEARED FOR MACAU IPO wsj.com
Wynn Resorts Ltd. has received Hong Kong regulatory approval to list its Macau casino operations in the city in a $1 billion initial public offering. The road show for the share sale will start on September 21 and listing on the Hong Kong stock exchange is scheduled for October 9. The company plans to sell a 20% stake in Macau operations in the IPO. Wynn generated over half of its $723 million second quarter net revenues for the quarter ending June 30 from its Macau operations.