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Showing posts from September, 2023

O que vão fazer os vencedores (continuação) REVAMP

ag25 WYNN Wynn Macau Ltd is spending up to US$250 million this year on concession-related investment commitments made to the Macau government, including upgrades to the hotel tower at its Wynn Macau property (pictured) downtown and on its Wynn Palace resort on Cotai. That is according to Julie Cameron-Doe, chief financial officer of the parent, Wynn Resorts Ltd, speaking on the group’s second-quarter earnings call on Thursday. She stated: “We’ve initiated two projects – an expansion of the Chairman’s Club gaming area at Wynn Palace, and a refresh of our Wynn Tower [hotel] rooms at Wynn Macau, and together with our other ongoing capex projects, we expect to spend a total of US$200 to US$250 million in total for 2025.” Analysts Anne Ling and Jingjue Pei of Jefferies Hong Kong Ltd observed in a Thursday note: “[Wynn] Management expects minor disruption towards the end of the year for these projects. However once completed, they would enhance its offerings to premium customers.” The casino...