It will be the Year of the Rooster when Chinese New Year kicks off on Saturday, January 28, and Las Vegas casinos hope to have plenty to crow about when […]
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Casino operator Wynn Resorts‘s Q4 2016 revenue got a boost from the new Wynn Palace while the company’s other resorts took it on the chin.
Figures released Thursday showed Wynn’s overall revenue jumping 37.3% to $1.3b in the final three months of 2016, spurred by the August opening of the new Wynn Palace in Macau. Profit shot up 30.5% to $113.8m, but $63m of this was due to a non-recurring gain, the absence of which would have pushed profits down 41%.
For the year as a whole, revenue was up 9.6% to $4.47b, while profit improved 19% to $242m (subject to the same caveat as above).
Wynn Palace contributed $418.7m to Q4’s revenue total, offsetting a year-on-year decline of $57.2m at Wynn’s peninsula property Wynn Macau. VIP turnover at Wynn Macau fell 17.2% to $10.8b, narrowly outpacing Wynn Palace’s VIP turnover of $10.33b. Wynn Macau’s mass market table drop fell 7.5% to $1.1b while Wynn Palace’s mass table drop hit $725m.
Casino operator Wynn Resorts‘s Q4 2016 revenue got a boost from the new Wynn Palace while the company’s other resorts took it on the chin.
Figures released Thursday showed Wynn’s overall revenue jumping 37.3% to $1.3b in the final three months of 2016, spurred by the August opening of the new Wynn Palace in Macau. Profit shot up 30.5% to $113.8m, but $63m of this was due to a non-recurring gain, the absence of which would have pushed profits down 41%.
For the year as a whole, revenue was up 9.6% to $4.47b, while profit improved 19% to $242m (subject to the same caveat as above).
Wynn Palace contributed $418.7m to Q4’s revenue total, offsetting a year-on-year decline of $57.2m at Wynn’s peninsula property Wynn Macau. VIP turnover at Wynn Macau fell 17.2% to $10.8b, narrowly outpacing Wynn Palace’s VIP turnover of $10.33b. Wynn Macau’s mass market table drop fell 7.5% to $1.1b while Wynn Palace’s mass table drop hit $725m.
Casino operator Wynn Resorts‘s Q4 2016 revenue got a boost from the new Wynn Palace while the company’s other resorts took it on the chin.
Figures released Thursday showed Wynn’s overall revenue jumping 37.3% to $1.3b in the final three months of 2016, spurred by the August opening of the new Wynn Palace in Macau. Profit shot up 30.5% to $113.8m, but $63m of this was due to a non-recurring gain, the absence of which would have pushed profits down 41%.
For the year as a whole, revenue was up 9.6% to $4.47b, while profit improved 19% to $242m (subject to the same caveat as above).
Wynn Palace contributed $418.7m to Q4’s revenue total, offsetting a year-on-year decline of $57.2m at Wynn’s peninsula property Wynn Macau. VIP turnover at Wynn Macau fell 17.2% to $10.8b, narrowly outpacing Wynn Palace’s VIP turnover of $10.33b. Wynn Macau’s mass market table drop fell 7.5% to $1.1b while Wynn Palace’s mass table drop hit $725m.
Casino operator Wynn Resorts‘s Q4 2016 revenue got a boost from the new Wynn Palace while the company’s other resorts took it on the chin.
Figures released Thursday showed Wynn’s overall revenue jumping 37.3% to $1.3b in the final three months of 2016, spurred by the August opening of the new Wynn Palace in Macau. Profit shot up 30.5% to $113.8m, but $63m of this was due to a non-recurring gain, the absence of which would have pushed profits down 41%.
For the year as a whole, revenue was up 9.6% to $4.47b, while profit improved 19% to $242m (subject to the same caveat as above).
Wynn Palace contributed $418.7m to Q4’s revenue total, offsetting a year-on-year decline of $57.2m at Wynn’s peninsula property Wynn Macau. VIP turnover at Wynn Macau fell 17.2% to $10.8b, narrowly outpacing Wynn Palace’s VIP turnover of $10.33b. Wynn Macau’s mass market table drop fell 7.5% to $1.1b while Wynn Palace’s mass table drop hit $725m.
Casino operator Wynn Resorts‘s Q4 2016 revenue got a boost from the new Wynn Palace while the company’s other resorts took it on the chin.
Figures released Thursday showed Wynn’s overall revenue jumping 37.3% to $1.3b in the final three months of 2016, spurred by the August opening of the new Wynn Palace in Macau. Profit shot up 30.5% to $113.8m, but $63m of this was due to a non-recurring gain, the absence of which would have pushed profits down 41%.
For the year as a whole, revenue was up 9.6% to $4.47b, while profit improved 19% to $242m (subject to the same caveat as above).
Wynn Palace contributed $418.7m to Q4’s revenue total, offsetting a year-on-year decline of $57.2m at Wynn’s peninsula property Wynn Macau. VIP turnover at Wynn Macau fell 17.2% to $10.8b, narrowly outpacing Wynn Palace’s VIP turnover of $10.33b. Wynn Macau’s mass market table drop fell 7.5% to $1.1b while Wynn Palace’s mass table drop hit $725m.
For Ashleyluvssugar, trainer Peter Eurton was just looking for a starting point to 2017 when he entered the four-time grade 2 winner in the $250,000 California Cup Turf Classic.
For Ashleyluvssugar, trainer Peter Eurton was just looking for a starting point to 2017 when he entered the four-time grade 2 winner in the $250,000 California Cup Turf Classic.
For Ashleyluvssugar, trainer Peter Eurton was just looking for a starting point to 2017 when he entered the four-time grade 2 winner in the $250,000 California Cup Turf Classic.
For Ashleyluvssugar, trainer Peter Eurton was just looking for a starting point to 2017 when he entered the four-time grade 2 winner in the $250,000 California Cup Turf Classic.
Multiple grade 2-placed and track record holder Normandy Invasion sired his first foal Jan. 14 when a filly arrived at Hilltop Stables near Deposit, N.Y. The son of Tapit, a Spendthrift stallion, stands at Keane Stud near Amenia, N.Y.
Multiple grade 2-placed and track record holder Normandy Invasion sired his first foal Jan. 14 when a filly arrived at Hilltop Stables near Deposit, N.Y. The son of Tapit, a Spendthrift stallion, stands at Keane Stud near Amenia, N.Y.
Multiple grade 2-placed and track record holder Normandy Invasion sired his first foal Jan. 14 when a filly arrived at Hilltop Stables near Deposit, N.Y. The son of Tapit, a Spendthrift stallion, stands at Keane Stud near Amenia, N.Y.
Multiple grade 2-placed and track record holder Normandy Invasion sired his first foal Jan. 14 when a filly arrived at Hilltop Stables near Deposit, N.Y. The son of Tapit, a Spendthrift stallion, stands at Keane Stud near Amenia, N.Y.
At issue is an infusion of cash flowing since October to the Nassau County Off-Track Betting Corp. from 460 video lottery terminals—out of 5,500 total VLTs—at Aqueduct’s Resorts World casino.
A Delta Air Lines ramp agent took his mom’s advice and bought a scratch-off lottery ticket on his 28th birthday — and it turned out to be a $5 million winner.Winner Stories, New York, Scratch Games
Sands China may be late in the “bonus” game, but it is making sure that it’s worth the wait.
On Thursday, the Macau casino operator announced that it is giving not just a pay raise, but also a special bonus to eligible staff, GGRAsia reported.
In its announcement, Sands China said eligible full-time employees will receive a salary increase by an average of 2 percent to 6 percent starting March 1. Eligible full-time employees earning up to MOP12,000 (USD1,500) per month—representing about 5 percent of the company’s workforce—will receive a pay increase of MOP600 per month, the company said. Employees earning more than MOP12,000 per month will receive between 2 percent to 2.5 percent average increment.
Sands China currently has about 28,000 employees, and an insider said “the pay rise would cover nearly all of the firm’s workforce,” according to the news outlet.
Sands China may be late in the “bonus” game, but it is making sure that it’s worth the wait.
On Thursday, the Macau casino operator announced that it is giving not just a pay raise, but also a special bonus to eligible staff, GGRAsia reported.
In its announcement, Sands China said eligible full-time employees will receive a salary increase by an average of 2 percent to 6 percent starting March 1. Eligible full-time employees earning up to MOP12,000 (USD1,500) per month—representing about 5 percent of the company’s workforce—will receive a pay increase of MOP600 per month, the company said. Employees earning more than MOP12,000 per month will receive between 2 percent to 2.5 percent average increment.
Sands China currently has about 28,000 employees, and an insider said “the pay rise would cover nearly all of the firm’s workforce,” according to the news outlet.
Four bitcoin miners in Venezuela got into trouble with authorities who are accusing them of stealing electricity in the city of Charallave.
Federal police arrested three men and one woman on charges of cyber fraud and electricity theft, according to a government website. Douglas Rico, director of the Computer Crime Division of the Scientific, Penal and Criminal Investigations Corps (CICPC), said the four were operating more than 300 Antminer units and selling the bitcoins “on a commercial website.”
These people’s mining operation, according to Rico, is negatively impacting “the consumption and the stability” of the Charallave’s electricity services.
Just how serious an electricity theft charge is in Venezuela? Apparently, it is a serious allegation given that the country has been experiencing frequent blackouts in recent years. Bitcoin mining uses so much electricity, so it is no surprise that federal authorities are concerned about the impact of the activity on a city like Charallave.
Four bitcoin miners in Venezuela got into trouble with authorities who are accusing them of stealing electricity in the city of Charallave.
Federal police arrested three men and one woman on charges of cyber fraud and electricity theft, according to a government website. Douglas Rico, director of the Computer Crime Division of the Scientific, Penal and Criminal Investigations Corps (CICPC), said the four were operating more than 300 Antminer units and selling the bitcoins “on a commercial website.”
These people’s mining operation, according to Rico, is negatively impacting “the consumption and the stability” of the Charallave’s electricity services.
Just how serious an electricity theft charge is in Venezuela? Apparently, it is a serious allegation given that the country has been experiencing frequent blackouts in recent years. Bitcoin mining uses so much electricity, so it is no surprise that federal authorities are concerned about the impact of the activity on a city like Charallave.