DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
— - 2 WYNN - 2 Wynn - 2 Jim Cramer's - 2 Jim Cramer - 2 Jim - 2 Pual Yeung - 2 Ferdinand Marcos Jr - 1
Top related locs:
China Macao Las Vegas Philippines Beijing Singapore Boston Wynn Macao
Top related orgs:
Bloomberg - 3 CNN - 2 Wynn Resorts - 2 Vegas - 2 LSEG - 2 United Arab Emirates - 2 Wynn - 2 Wynn Macao - 2

Search resuls for: "Macao –"


4 mentions found


☆ Philippines bans gambling operations catered to illicit Chinese players
  + stars: | 2024-07-23 | by ( Kathleen Magramo | ) edition.cnn.com   time to read: +4 min
CNN —The Philippines has announced plans to ban offshore gaming operators, targeting an industry that mostly caters to Chinese gamblers and has sparked growing alarm from law enforcement over its alleged connections to organized crime. Known locally as POGOs, Philippine Offshore Gaming Operators have spawned across the country, both licensed and illicit, employing tens of thousands of Chinese and foreign nationals. Ezra Acayan/Getty ImagesThere are 46 licensed offshore gaming operators and dozens more illicit gambling hubs in the Philippines, according to the country’s gaming regulator, which Marcos has ordered to close by the end of the year. Since then, the Philippines has become a major hub for online gaming catering to tens of thousands of players based in China. “Even if overseas casinos are legally opened, cross-border gambling by Chinese citizens is suspected of violating the laws of our country,” the embassy said in a statement.
Persons: Ferdinand Marcos Jr, ” Marcos, Marcos, Ezra Acayan, Marcos ’, Rodrigo Duterte Organizations: CNN, Philippine Offshore Gaming, Macao –, Philippine News Agency Locations: Philippines, Philippine, Manila, Beijing, South China, China, Macao, Southeast Asia, United States, China’s, Singapore
☆ What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, ”, Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, “, it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, “, ”, Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
☆ Wynn is almost back in Macao and crushing it in Vegas even before Super Bowl, Chinese New Year
  + stars: | 2024-02-07 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
It appears the strength in the fourth quarter has carried over into the current (first) quarter in all three locations. Macao We're happy to see the strong top-line performance in both Macao locations, even if Wynn Palace's adjusted EBITDAR came up a tad bit short. Total adjusted EBITDAR of $297 million (Wynn Palace and Wynn Macao added together) represents about 85% of Wynn's pre-Covid fourth quarter 2019 level of $348 million in the Chinese special administrative region. Breaking that down, Wynn Palace was still a bit further ahead in its recovery but Wynn Macao is quickly gaining ground. In 2019, Wynn Macao generated $170 million in fourth quarter adjusted EBITDAR.
Persons: —, WYNN, Wynn Al Marjan, Wynn, Al Marjan, Wynn Palace's, EBITDAR, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, Vegas, Boston, Club, LSEG, Super Bowl, United Arab Emirates, Wynn, Wynn Macao, Las Vegas, Bowl, Super, Wynn Interactive, Capital, CNBC, Bloomberg, Getty Locations: Macao, Las Vegas, Boston, United Arab, UAE, China, Wynn Macao, EBITDAR, Vegas Las Vegas, Las, Vegas, New York, Michigan
☆ The market unfairly docks Wynn after a strong quarter. But we see a buying opportunity
  + stars: | 2023-11-09 | by ( Jeff Marks | ) www.cnbc.com   time to read: +8 min
But investor concerns over an unevenness to the Macao recovery sparked selling in afterhours trading, sending Wynn stock down more than 5% — and creating a potential buying opportunity. Despite these positives, Thursday evening's sell-off brought Wynn stock to about $40 below the level at which was trading in 2019. However, the company's two properties in the region – Wynn Palace and Wynn Macao – are not enjoying an equal pace of recovery. In the third quarter of 2023, Wynn Macao generated about $78 million in profits, which when annualized is only $312 million. The weakness at Wynn Macao has the market concerned Thursday about a loss of market share.
Persons: Wynn, —, we're, management's, Wynn Al, There's, annualized, Craig Billings, Jim Cramer's, WYNN, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, WYNN, LSEG, Wynn Macao, Wynn, United Arab Emirates, Vegas, Management, Prix, NFL, Wynn Interactive, CNBC, Bloomberg, Getty Locations: Las, Macao, China, Las Vegas, Boston, Wynn Al Marjan, EBITDAR, Wynn Macao, Vegas, RevPar
0 next >>
Total: 4