Macau resort updates
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Las Vegas Sands Corp. will invest at least $3.8 billion in new facilities in Macau over the next ten years as part of the renewal of its concession to operate casinos in the market.
About 92% of the planned spending will be in non-casino attractions, including meeting space, entertainment facilities and a new garden attraction, Sands said in a presentation to investors Wednesday.

Source: https://www.bnnbloomberg.ca/sands-promised-3-8-billion-macau-investment-as-part-of-license-renewal-1.1874946

Galaxy Macua is making good progress, we haven't seen too much of this construction site which seems weird considering it's location!

Wynn Resorts: Navigating Market Volatility for Potential Investment Opportunities

When Wynn Resorts Limited (WYNN) gained 4.55% early this January, it has drawn interest and many investors began to wonder if Wynn Resorts was a stock to watch. However, the company's stock has now fallen on Thursday, underperforming the market according to Marketwatch.

Wynn Resorts is a leading developer and operator of high-end hotels and casinos. The business runs a luxury hotel and casino resort in Macau, an ex-Portuguese colony that is now a special administrative area of China, as well as two in Las Vegas. The resorts attract both business and leisure tourists due to their unique dining establishments, high-end shopping options, and world-class entertainment options.

Several causes, including excellent news regarding the company's financial performance, hope for the future expansion of the gaming sector, and general market conditions, might be to blame for the recent rise in the stock price. However, a variety of factors including a change in market sentiment, recent industry changes, or the performance of the firm, might be to responsible for the recent downturn in stock price.

Wynn Resorts has a history of strong financial performance and has consistently delivered growth for its shareholders. In the past year, the company has focused on expanding its presence in the Asian market, particularly in Macau, which is one of the world's most prominent gaming destinations. The company's financials have also been helped by its commitment to cost control and efficiency, which has allowed it to maintain profitability even in tough economic times.

Despite the recent drop in stock price, given its track record of strong performance and its focus on growth, Wynn Resorts could still be a stock worth watching for investors. However, it's important to keep an eye on the company's performance and market conditions, and do thorough research, and consider your own investment goals and risk tolerance before making any investment decisions.

In conclusion, Wynn Resorts Limited was a stock that gained attention earlier this Jan due to its stock price increase. Despite the recent drop in stock price, with its history of strong financial performance, focus on growth, and commitment to efficiency, the company could still be a stock to watch for investors looking for opportunities in the gaming industry. However, it's crucial to stay informed and make well-informed investment decisions.
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PHOTO:https://www.wynnresorts.com/
https://www.investorsobserver.com/news/stock-update/is-wynn-resorts-limited-wynn-a-stock-to-watch-after-gaining-4-55-this-week

Macau casino concessionaire Galaxy Entertainment Group (GEG) has awarded the sub-contract for façade works on its Galaxy Macau Phase 4 development in Cotai to China State Construction Development Holdings Limited in a deal described as “the largest single contract amount of façade construction contract in the world.”

The company’s wholly-owned subsidiary Far East Facade (Macau) Limited will take on the HK$2.24 billion (US$285 million) project, marking the latest in a series of substantial development projects for China State Construction in the region. Its previous Macau work has included Wynn Palace MGM Cotai and The 13, while it also developed Parq Resort & Casino in Vancouver, Canada.

Providing an update on Galaxy Macau’s expansion work during its most recent earnings update for the March 2021 quarter, GEG confirmed that Phase 3 is now effectively completed and will open gradually from later this year, while work is “well underway on Phase 4."

“Phases 3 & 4 combined will have approximately 3,000 high-end and family rooms and villas, 400,000 square feet of MICE space, a 500,000 square feet 16,000-seat multi-purpose arena, F&B, retail and casinos, among others. As you can see, we remain highly confident about the future of Macau where Cotai Phases 3 and 4 will support Macau’s vision of becoming a World Centre of Tourism and Leisure.”

Source: https://www.asgam.com/index.php/2022/06/10/galaxy-awards-largest-facade-construction-contract-in-the-world-for-galaxy-macau-phase-4/

Macau Theme Park And Resort, the operator of Cotai-based non-gaming resort Lisboeta Macau, has announced “H853 Fun Factory” as the official name of its shopping mall.

According to details released Friday, the “H” in the new name is reference to the word “home” with the property paying tribute to Macau’s history, while 853 refers to the presence of 80% local brands, five exclusive attractions and “three different space-time journeys under the sky light” that comes through the glass canopy.

Lisboeta Macau describes its shopping mall experience as “retail-tainment”, featuring retail, dining, art exhibitions and cultural experiences plus a zipline attraction, indoor skydiving facility, night market and more.

Source: https://www.asgam.com/index.php/2022/03/21/shopping-mall-at-lisboeta-macau-to-be-called-h853-fun-factory/

The promoter of the Galaxy Macau casino resort has again altered its language regarding a possible opening date for elements in Phase 3 of the property, to the “end of this year or early next year,” compared to “early 2022? as mentioned in August. But bosses at Galaxy Entertainment Group Ltd pointed out it was difficult to give a firm timetable under current market conditions.

Lui Che Woo, group founder and chairman, said regarding Phase 3, in comments during the online press conference to discuss the firm’s fourth-quarter and full-year earnings on Wednesday: “We hope to be able to open for business by the end of this year, but whether it is going to be the end of this year or early next year we will let you know in due course.” He added. understood to be a reference to ongoing travel disruption for tourists inbound to Macau, amid the Covid-19 pandemic: “There are things that are not in our control”.

In August, the company had said that Raffles (pictured centre, in a file photo), a hotel within Phase 3, might open in “early 2022”.

The vice-chairman said in his comments regarding Phase 3, during the second-half and full-year results press conference: “Basically our construction has been done. We are now taking delivery of the works, and are now working with the government departments concerned. We will support the government, so that the permits will be issued in a timely manner for us.”

Source: https://www.ggrasia.com/galaxy-macau-phase-3-might-open-only-end-2022-mgmt/

The 6,000-seat arena at The Londoner Macao casino resort is set to open this year, said Robert Goldstein, chairman and chief executive of the property’s promoter, Sands China Ltd. His comments were included in the company’s preliminary 2021 annual results, filed on Friday to the Hong Kong Stock Exchange.

Source: https://www.ggrasia.com/londoner-macao-arena-to-open-in-2022-sands-china-ceo/

The Executive Director of Wynn Macau, Linda Chen, has confirmed today (Dec 2021) that the gaming operator will gradually end its agreements with third-party VIP gaming promoters companies before the end of the year, a decision she considered was “conducive to the long-term and healthy development of Macau”, Chinese-language newspaper Macao Daily reported.

According to the report, Wynn’s also Chief Operating Officer and Vice-Chairman indicated that mass-market represents Wynn’s main core business, accounting for 75 per cent of its total gaming results this year, with the concessionaire focusing on developing this segment and converting VIP rooms will be converted to different “mass-market uses” and “diversified experience facilities”.

Amid the latest development of the sector, Wynn Macau – together with Sands China and Melco Resorts — was reported to be planning to close all their VIP rooms run by junkets before the end of this year.

Source: https://www.macaubusiness.com/wynn-to-convert-its-junket-operated-vip-rooms-into-mass-market-experiences-vice-chairman/

All six Macau casino operators have expressed support to the newly announced gaming law amendment bill.

MGM China, Sands China, Wynn Macau, SJM Resorts, Melco Resorts & Entertainment and Galaxy Entertainment Group issued statements this weekend welcoming and backing the Government’s announcement, which indicates a maximum of six gaming concessionaires and a concession term of up to 10 years with a possible 3-year extension under exceptional circumstances.

Source: https://www.macaubusiness.com/updated-all-gaming-operators-express-support-to-gaming-law-amendment-bill/

The first W hotel is destined for Macau...

W Macau - Studio City, a development in partnership with Melco Resorts & Entertainment, is scheduled to open in December 2022. Located on the Cotai Strip, the W Macau will be part of Studio City Phase 2, a multi-complex development that includes indoor and outdoor water parks, cineplexes and convention, event and meeting facilities.

Plans for the hotel call for 557 guestrooms (including 127 suites), a spa, a fitness center, an indoor swimming pool, and more than 3,600 square feet of event and meeting space.

Source: https://www.travelweekly.com/Travel-News/Hotel-News/Marriott-inks-deal-for-first-W-hotel-in-Macau