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Melco Announces Unaudited Second Quarter 2021 Earnings

Melco Announces Unaudited Second Quarter 2021 Earnings
wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.

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GGRAsia – New mainland Covid cases brake on Macau: tourism bosses

GGRAsia – New mainland Covid cases brake on Macau: tourism bosses
ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.

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Xiaomi earnings spike 163% as Huawei wilts under sanctions

Xiaomi earnings spike 163% as Huawei wilts under sanctions
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GGRAsia – Wynn Golden Week profit highest since Covid: mgmt

The management of United States-based casino operator Wynn Resorts Ltd says its Macau unit recorded the “highest amount of normalised profit” per day during May Golden Week, since the onset of the Covid-19 pandemic at the beginning of last year.
Matt Maddox, the group’s chief executive, said the growth momentum seen in February and March in the Macau market, “continued in April and May”. He was speaking on Monday, in a conference call with investment analysts following the group’s first-quarter results announcement.
Wynn Resorts is the parent of Wynn Macau Ltd, which runs the Wynn Macau complex (pictured) on the city’s peninsula, and the Wynn Palace casino resort in the Cotai district. ....

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GGRAsia – May break Macau daily GGR circa US$75mln: analysts

Macau’s casino gross gaming revenue (GGR) during the recent five-day break encompassing the Labour Day holiday on May 1, was approximately MOP600 million (US$75 million) a day, suggested brokerage Sanford C. Bernstein, and JP Morgan Securities (Asia Pacific) Ltd in respective Monday notes.
The period, referred to by some analysts as ‘May Golden Week’, although that term is not used by the Macau authorities, was “surprisingly golden” in GGR terms, said JP Morgan.
The city’s estimated GGR for the early-May break has been “well above” market expectation, the institution’s analysts DS Kim, Derek Choi, and Livy Lyu remarked in their Monday memo. ....

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