- Germany beats France after penalty shootout to win U-17 World Cup for first time
- Quebec decided to suspend the operation of entertainment establishments such as casino accommodations after an unprecedented situation occurred at the end of December last year.
- The government will discuss the plan through a month-long public consultation starting today, which will end .
- Manager Klinsmann and coaching staff checked the physical condition of the players and began to plan in earnest.
Win’s Net Profit Declines; Shining Light in the Future
Analysts say Wynn Resorts’ second-quarter numbers took a hit, but the announcement of a solid opening date for Wynn Palace on Kotai Street made things brighter.
Win Macao’s second-quarter earnings this year mostly fell short of analysts’ expectations as its full-year earnings before taxes, interest, amortization and depreciation plunged 44%. Analysts say the lower-than-expected holding rate in the bulk market game is attributed to the lower-than-expected rate. Wells Fargo analyst Cameron McKnight said: “The company continues to see margins shrink as it bears excess operating costs (especially labor) against the opening of Cotai Win Palace.”
Macau casino gaming revenue in June improved slightly from what analysts and local governments both predicted, but hit a near five-year low. Total gaming revenue for June fell to MOP 17.4b (US$2.2 billion), according to figures released on Wednesday by the Macau Game Inspection and Coordination Bureau (DICJ). The figure represents a 36.2% year-over-year decline and the lowest monthly gross since November 2010. The 13-month decline extends Macau’s sales loss in June, but the decline has slowed slightly every month since February, when it posted a record 48.6% shortfall. The figures still don’t look promising, as Macau has fallen 37% year-on-year to date.
A planned $4 billion resort in Macau’s Cotai Strip and Wynn Palace will open in the first half of 2016 as the government agrees to a final labor request from companies.