The Limited Times

Now you can see non-English news...

Sheng Zhiwen: Wynn Macau burns an average of 2 million US dollars a day

2020-07-16T20:23:02.817Z

The new crown pneumonia epidemic has hit Hao gambling stocks, and with meager income, they basically "burn money" day by day. In an interview with CNBC, non-executive chairman Sheng Zhiwen of Wynn Macau (1128) pointed out that it was closed after the outbreak



Financial News

Written by: Zhang Weilun

2020-07-15 20:15

Last update date: 2020-07-15 20:15

The new crown pneumonia epidemic has hit Hao gambling stocks, and with meager income, they basically "burn money" day by day. In an interview with CNBC, non-executive chairman Sheng Zhiwen of Wynn Macau (1128) pointed out that after the outbreak, the border between Guangdong and Hong Kong was closed, which affected business.

He also pointed out that Wynn Macau currently burns an average of 2 million yuan a day (US$‧ the same below), but it is more important to ensure that guests and staff are free from the impact of the epidemic.

He welcomes the introduction of new measures by Guangdong and Macao to encourage more tourists to Macau, but it is too early to say that the impact on the industry.

In addition, Melco Boya, a subsidiary of Melco International (0200), announced the details of the issuance of priority notes, pointing out that the average daily amount of money burned in the second quarter of this year was 1.5 million yuan, which is a decrease from the past.

Wynn Macau Macau gambling stocks Melco Boya Melco International

Source: hk1

All news articles on 2020-07-16

You may like

Trends 24h

Latest

© Communities 2019 - Privacy