,Macau

Wynn Resorts reports expected 1Q16 net revenue of Macau operations up to $613 million

Compared to $705.4 million in 1Q15.

Wynn Resorts, Limited has announced preliminary expectations of its financial results for the first quarter ended March 31, 2016.

According to a release from Wynn Resorts, the results in the release it provided are preliminary and subject to the completion of the final financial statements, including the review of those financial statements by the Company’s internal accounting professionals, audit committee and independent registered public accounting firm.

In the release, it noted that, for its Macau operations, in the first quarter of 2016, net revenues are expected to be in the range of $603 million to $613 million, compared to $705.4 million generated in the first quarter of 2015.

Adjusted property EBITDA (1) is expected to be in the range of $187 million to $195 million in the first quarter of 2016, compared to $212.3 million for the first quarter of 2015.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The bourse’s income was dragged down by the delay in potential billion-dollar IPOs.
The city’s rival hubs such as Singapore have already reopened.
Particularly, the city is highly competitive in the high-net-worth and mass affluent space.
A study showed that it’s no longer the investment returns.
But 68% of them said their companies do not involve them in green initiatives.
The increase, however, was smaller than in the previous month's 1.6%.
Only 14% of businesses believe their situation will get better in Q4.
The number of jobless persons was down by around 7,100
This is as the weighted funding cost for deposits was steady during the month.
The 0.6% growth was driven by premium office space in the submarket.
Chief Secretary for Administration, John Lee, to take over until Lam recovers.
The airline’s overall tonnage grew MoM by more than 5% to 130,997 tonnes.
The airline carried ​​6,562 passengers on 17 September.