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WYNMY Wynn Macau Limited (PK)

8.37
0.01 (0.12%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Wynn Macau Limited (PK) USOTC:WYNMY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.01 0.12% 8.37 8.22 8.58 8.45 8.36 8.36 10,699 21:06:06

Wynn Macau: Limit on Gaming Tables, Ban on Smoking May Have Adverse Effect on Business

01/03/2016 1:34am

Dow Jones News


Wynn Macau (PK) (USOTC:WYNMY)
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From Jun 2019 to Jun 2024

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   By Anjie Zheng 
 

HONG KONG--A protracted slowdown in gaming in the Chinese gambling hub of Macau continued to hit Wynn Macau Ltd. (1128.HK), which announced falling casino and room revenues in 2015.

The Macau arm of Wynn Resorts Ltd. (WYNN) said in an exchange statement that 2015 casino revenue in Macau declined by 35.5% from 2014 to US$2.46 billion. VIP revenue declined by 46.4% to US$57.9 billion and room revenue also declined, to US$125.3 million from US$133.8 million in 2014.

Going forward, the Hong Kong-listed company said its business may be adversely affected by Macau's limit on gaming tables and ban on smoking.

 

Write to Anjie Zheng at anjie.zheng@wsj.com

 

(END) Dow Jones Newswires

February 29, 2016 20:19 ET (01:19 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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