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China Minsheng Banking Corp. and Las Vegas Sands Corp.'s Macau unit received regulatory approvals for their massive Hong Kong initial public offerings, in what will be a test of investor appetite for even more new listings in one of the world's most active...
Tags: las vegas, Hong Kong, Las Vegas Sands Corp., china, Macau, public offering, Wynn Resorts Ltd., initial public
Tuesday that should remind investors to look beyond the headlines and even Wall Street's forecasts. Wynn's earnings per share of $0.33, excluding one-time items, easily beat the Wall Street consensus of $0.15, while its revenue of $773.1 million topped...
Tags: Wynn Macau, Wynn Las Vegas, Wynn Resorts Ltd., Hong Kong, U.S, natural gas, consumer confidence
A second Las Vegas Strip casino is being sued over allegations that the health of employees is being affected by second-hand smoke. A suit seeking class action status to represent all affected workers was filed Tuesday in U.S. District Court in Las Vegas...
Tags: Wynn Las Vegas, Kanie Kastroll, Wynn Resorts Ltd., hand smoke
Macau's government met with the city's six casino operators Monday and said it would review the size and growth of the industry, including potential restrictions on the number of gambling tables. The government of the Chinese gambling enclave didn't release...
Tags: Macau, Wynn Resorts Ltd., casinos operators
Casino operator MGM Mirage says it has ended a debt exchange offer because not enough debt holders accepted the deal. The offer gave holders the chance to exchange up to $782 million in 8.5 percent senior notes due in 2010 for up to $500 million in 10...
Tags: Hong Kong IPO, Hong Kong Stock Exchange, MGM Mirage, Wynn Resorts Ltd., public offering, casino operator, debt exchange, initial public, China, Hong Kong
Wynn Resorts will raise up to $1.6bn by selling a 25 per cent stake in its Macao operations, as it becomes the first American-based company to establish a presence on the Hong Kong stock exchange. Macao’s gaming market, the world’s largest, was monopolised...
Tags: Wynn Macau Ltd., Macau IPO, Hong Kong Stock Exchange, Steve Wynn (entrepreneur), Wynn Resorts Ltd., Wynn Planning Casino, Cotai Strip, Mr. Wynn, U.S, Brazil, Macau
Macau generated HK$105.6 billion ($13.5 billion) in gross gaming revenues in 2008, more than double the HK$46.7 billion generated by the Las Vegas Strip during the same period, according to a prospectus from Wynn Macau, the Macau assets of Wynn Resorts,...
Tags: Wynn Macau, Macau IPO, Macau Casino, Wynn Resorts Ltd., Hong Kong, casinos operator, China, operator wynn, visa restrictions, initial public, Brazil, Macau
Las Vegas Sands did not divulge how much it cost the company to settle a Clark County District Court lawsuit in June. Three men sued the company over payment for their assistance in helping Las Vegas Sands acquire a Macau gaming license. “Corporate expense...
Tags: Las Vegas Sands Corp., Wynn Resorts Ltd., sands loss, loss widens, casinos operates, 2nd qtr, Steve Wynn (entrepreneur), Wynn Las Vegas, Sheldon Adelson, ceo sheldon
Wall Street wanted to know Monday if business at MGM Mirage's nine Strip resorts was picking up. Less than a week after a deal to save the $8.5 billion CityCenter was reached and the company was given an extra 61/2 weeks by its lenders to resolve its...
Tags: MGM Mirage, Wynn Resorts Ltd., quarter loss, Wall Street, Treasure Island, casino operating, island hotel, Las Vegas Sands, Steve Wynn (entrepreneur), Las Vegas Strip
Las Vegas Sands, which operates The Venetian, Palazzo and two resorts in Macau, reached an agreement with its lenders covering its $5 billion senior credit facility, a filing with the Securities and Exchange Commission shows. The amendment allows Las...
Tags: Las Vegas Sands Corp., Wynn Resorts Ltd., casino companies, MGM Mirage Binges