2011年4月20日星期三

Wynn Macau jumps to record after the waves of Profit in the first quarter

April 20, 2011, 2: 19 pm EDT by Wendy Leung

(Updates share prices in the second paragraph).

April 20 (Bloomberg) - Wynn Macau Ltd., a unit of operator founded by Steven Wynn, casino billionaire rose to a record in Hong Kong commercial as the Chinese high stakes players boosted profit in the first quarter of 66%.The owner of Wynn Macau and even casinos climbed up to 4.8% to HK$ 28.35, the highest intraday since the beginning of the negotiation in October 2009. The stock traded at HK$ 28 as of the time of Hong Kong 1: 56 p.m. and the benchmark Hang Seng index increased by 0.9%.The opening of a second station in the largest in the world of game hub and better than expected earnings to Las Vegas leads parent Wynn Resorts Ltd. to post growth six-fold in favour of the first quarter, beating analysts estimates. The company expects the Government permission to start building a third Macau resort centre "any day now", Wynn said yesterday. "" Wynn Macau is the best proxy of Macau ", Karen Tang, a game based in Hong Kong for Deutsche Bank AG, analyst wrote in a note to clients today. Its casinos offer "customer experience superior, which extend the game," she said.Wynn Macau open Macau again in April 2010 in the former Portuguese colony, game hub largest in the world and the only place in China where casinos are legal.Net result for the first quarter to the Wynn Resorts expanded 173.8 million to 27 million a year earlier, said yesterday the company based in Las Vegas.Profit de Macau slots RevenueWynn grew up in 189.7 million of $ 114.3 millionHe said today. VIP sales rose 45% to $ 29.3 billion and slot machine revenues increased 59% 1.5 billion, the company said. "" This quarter, the most impressive segment was slots ", said Tang. "Wynn Macau earned a nice niche in the high-end slot in Macao segment."Gambling in the city in China has soared since the Government ended the monopoly of 40 years of billionaire Stanley Ho and let businesses including Wynn, Las Vegas Sands Corp. and build stations MGM Resorts International.Revenu Macau casino game rose 43% to 58.5 billion patacas (7.3 billion of) (dollars) in the three months ended March as players of Paris placed over mainland China. Total income casino expanded 58 percent last year patacas billion 188.3 or $ 23.5 billion, about four times to $ 5.8 billion for the high RollersRevenue of Las Vegas VIP Strip.Chinese and players high-rollingmainly in Macao of China Continental operators of curd, was billion patacas 42.6, 73% of casino of total first quarter of the territory, to the set of revenue, government data show. Which is an increase of 70 per cent during the same period in 2010.Mainland China does not Hong Kong, Macao and Taiwan.Wynn is the founder and Executive Director of Wynn Resorts, which owns about 72 percent of Macau Hong Kong separately-listed unitGalaxy Entertainment Group Ltd. posted a 71 percent increase in the income before interest, taxes and amortization to 712 million HK ($92 million) today and predicted record first-half earnings on revenue from high stakes players.Galaxy, owned in part by Permira advisers LLP, climbed 6.9% to HK$ 13,94, in Hong Kong of negotiation the highest intraday since the start of negotiations in October 1991. The shares traded on HK$ 13.82 and the 2 h 08, local time.

-Editors: Lena Lee, Frank ID Longid

To contact the reporter on this story: Wendy Leung in Hong Kong to the wleung12@bloomberg.net

To contact the responsible editor of the story: Frank ID Longid in the flongid@bloomberg.net


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