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WYNN MACAU grants rewards based on the employee stock ownership plan.
WYNN MACAU (01128) announced that on January 2, 2025, the company will grant awards under its employee stock ownership plan to one executive and 273 employees (selected participants) to subscribe for a total of 0.9276 million shares of common stock with a par value of HKD 0.001 per share, representing approximately 0.018% of the company's issued share capital as of the date of this announcement, but this will only take effect upon acceptance by the selected participants.
Wynn Macau Changes IP Licensor for WYNN Trademark
Wynn Macau Grants Shares to Boost Employee Alignment
WYNN MACAU (01128.HK) granted 0.928 million shares as reward shares.
On January 2, Gelonghui announced that WYNN MACAU (01128.HK) will grant awards under its employee share ownership plan to an executive officer of the group and 273 employees on January 2, 2025, for the subscription of a total of 927,569 shares of ordinary stock with a par value of HKD 0.001 each, accounting for approximately 0.018% of the company's issued share capital as of the date of this announcement.
JPMorgan: Expected Macau's Gambling revenue to increase by 5%, with GALAXY ENT as the top pick.
JPMorgan released a research report stating that Macau's Gambling revenue in December fell by 2% year-on-year to 18.2 billion yuan (Macau Patacas, the same below), recovering nearly 80% compared to pre-pandemic levels, but still lower than the market consensus of 2-3%. The bank expects Macau's ordinary Gambling revenue in December to reach 110% of the pre-pandemic level, while VIP revenue only recovered to 23%, slightly below recent levels. The bank's preferred stock in Macau's Gambling industry is GALAXY ENT, followed by MGM CHINA, WYNN MACAU, and SANDS CHINA, all rated as 'Buy'.
Macau Casino Revenue Rose 24% in 2024 Despite Soft December Tally
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