Word: wynn
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...this will be no easy task, either. Winters’ receivers will be going up against against Penn corners Jonathan Moore and Chris Wynn, who have combined for six interceptions this season...
...astonishing rate, but over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented during the recession, he says, will help the casinos turn bigger profits amid the recovery. "Once you see revenue recover...
...year. In June, Ho's son Lawrence, CEO of NASDAQ-listed Melco Crown Entertainment, opened a mega-resort called City of Dreams, with a 520-table casino and a Hard Rock Hotel. An 800-room Grand Hyatt opens at the resort later this month. Wynn is also finishing a $650 million expansion of his Wynn Macau. Called the Encore, the addition, expected to open in April, 2010, includes 400 luxury suites, an expanded casino and more restaurants...
...Reflecting this renewed optimism is the buzz surrounding upcoming initial public offerings by two Macau casino operators. Las Vegas casino titan Steve Wynn, who opened the Wynn Macau luxury hotel and casino in the city in 2006, plans to offer 25% of his Macau operations in an IPO on the Hong Kong stock exchange. The IPO could raise as much as $1.6 billion; the shares are expected to start trading on Oct. 9. "With this IPO, we're a Chinese company with Chinese ownership," Wynn said, adding that the move would help management "assimilate ourselves with China more efficiently...
...depth chart towards the end of last year. Garton’s top target will be senior Kyle Derham, who led the team with 404 receiving yards in ’08. Kicker Andrew Samson returns after leading the league with 16 field goals. All-Ivy senior Chris Wynn anchors a unit that was second in the Ancient Eight in scoring defense...