Wynn Macau: Limit on Gaming Tables, Ban on Smoking May Have Adverse Effect on Business
February 29 2016 - 8:34PM
Dow Jones News
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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