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August 28, 2008 12:49:31 AM CDT


Stories related to: Steve Wynn

Stories

3 Stories

  • May 2008
    • US Casinos Dotting Macau Can't Cash In

      US Casinos Dotting Macau Can't Cash In

      (Newser) - Casinos on the Chinese island of Macau create more gambling revenue than the ones in Las Vegas and Atlantic City combined, but US operators—permitted to set up shop there since 2004—are decidedly not rolling in the money. The Wall Street Journal looks at the bumps in the road for MGM Mirage, Wynn and Sands, and finds that local middlemen exert untold control over VIP players—and rake in huge commissions in the process. More »

      Tags

      China   casino   Macau   MGM Mirage   Steve Wynn

  • April 2008
    • Macau Casinos Double Vegas' Take

      Macau Casinos Double Vegas' Take

      (Newser) - If you thought Las Vegas was gambling’s capital city, think again. Casinos in Macau didn’t just beat Nevada’s finest this quarter, they lapped them. Macau’s gambling revenues jumped 62% from a year ago, doubling Vegas’ take over that stretch—though the casinos, which can't lend money directly to gamblers, have to split some of the take with middlemen, MarketWatch reports. More »

      Tags

      China   gambling   casino   Steve Wynn   Macao

  • October 2007
    • Wynn's Macau Take Disappoints

      Wynn's Macau Take Disappoints

      (Newser) - Casino mogul Steve Wynn latest gamble isn't paying off as handsomely as he predicted, the New York Post reports, with shares in his Wynn Resorts falling 10% after weaker-than-expected revenues at his splashy new gaming palace in Macau. Wynn "wildly overestimated" September revenues at Wynn Macau, analysts said, with gains jumping 55% and not the 75% he forecast. More »

      Tags

      Macau   Steve Wynn

3 Stories

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