Jefferies Gaming, Lodging, Media & Entertainment Conference. May 9, Ron Kramer
|
|
- Opal Stafford
- 7 years ago
- Views:
Transcription
1 Jefferies Gaming, Lodging, Media & Entertainment Conference May 9, 2006 Ron Kramer
2 Forward Looking Statements This presentation contains forward-looking statements regarding operating trends, future results of operations and the completion of new projects, which are subject to change. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by us. Additional information concerning potential factors that could affect the Company's financial results are included in the Company's Form 10-K for the year ended December 31, 2005 and the Company's other periodic reports filed with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any such obligation to) update its forward-looking statements as a result of new information, future events or otherwise.
3 Corporate Structure Outlined area shows issuers, borrowers, guarantors and restricted subsidiaries under facilities Wynn Resorts, Limited $250 million Convertible Subordinated Notes $300 million unrestricted cash 100% 100% Wynn Macau Wynn Las Vegas $600 million Revolver $400 million Term Loan $1,300 million 1st Mortgage Notes due 2014 $764 million Bank Facility $80 million Subordinated Debt from Wynn Las Vegas Cash from Subconcession provides significant flexibility Total Debt on March 31,2006 : $2.2 billion Cash: $885 million Net Debt: $1.3 Billion
4
5 Wynn Las Vegas Immediate Success Wynn generates best initial EBITDA for a full quarter following opening (US$ Millions) Wynn Bellagio MGM-Grand Venetian Opening Date April 28, 2005 October 15, 1998 December 18, 1993 May 4, 1999
6 Wynn Generates the Highest EBITDA per Room Wynn has 1,300 less rooms but generated 13% more EBITDA per room than Bellagio and 52% more than Venetian EBITDA per room per day EBITDA $350 $300 $323 $286 $400 $411 ($) $250 $200 $212 ($ Millions) $300 $320 $311 $150 $100 Wynn Bellagio Venetian $200 Bellagio Wynn Venetian Rooms 3,933 2,716 4,027
7 Wynn Results EBITDA per Day Revenues per Day ($ 000) $1,200 $1,100 $1,000 $900 $800 $855 $901 $1,001 ($000) $3,400 $3,100 $2,800 $2,911 $3,080 $3,290 $700 4/28 to 12/31/05 1Q06 Apr. 06 $2,500 4/28 to 12/31/05 1Q06 Apr. 06 Occupancy $350 Average Daily Rate % 97.0% 95.0% 95.5% 95.6% ($) $300 $274 $293 $ % 92.1% $ % 4/28 to 12/31/05 1Q06 Apr. 06 $200 4/28 to 12/31/05 1Q06 Apr. 06
8 Just the Beginning Where is the Upside? Replace Avenue Q by Spamalot Continuous evolution of Le Reve Tryst and Corsa fully operational Replace art gallery by two retail shops Wynn Watches selling Rolex Watches Exclusively Men s shoe and accessories shop Other space optimization opportunities
9 Quality Drives Demand Wynn s properties have been proven catalysts for growth Gaming Revenue and Visitor Volume (1) Revenue ($ in billions) November 1989: Opening of The Mirage October 1993: Opening of Treasure Island October 1998: Opening of Bellagio April 2005: Opening of Wynn Las Vegas Visitor volume (in millions) $7 45 $6 $5 $4 $3 $2 $1 $ % Growth in Gaming Revs Revenue Visitor Volume (1) Visitation based on all of Clark County.
10 Wynn Growing the Market, Again Table and Slot Revenues grew 22% and 15% respectively since Wynn Las Vegas Opened 40.0% (% change for the May 05 to Feb 06 period ) 30.0% 20.0% 10.0% 0.0% 22.4% 4.4% Total Tables -1.3% Slots 15.0% Units Change Win Change
11 Strong Growth with Encore and Golf Course Land Treasure Island Flamingo Fashion Show Mall Venetian Las Vegas Blvd Frontier Sands Expo Center Koval Land Wynn Las Vegas 55 Acres Encore 20 Acres Stardust Circus- Circus 18 Acres Sands Ave. Golf Course 142 Acres Desert Inn Road Hughes Center Chamber of Commerce Paradise Road Las Vegas Convention Center LV Hilton
12 Significant Land Value Wynn Resorts owns 235 acres of land on the Las Vegas Strip ($ in millions) Las Vegas Strip land valuations Property Acres Value per acre Land value Aztar implied valuation for Trop LV (1) Barbary Coast - Sept Imperial Palace - August Algiers - March Land adjacent to Jockey Club - April Wynn Las Vegas land Property Acres Phase I Land 55.0 Phase II Land 19.8 Golf course and other Koval Land 18.0 (1) Based on a $51 per share pending acquisition. Assumes an 8.5x TEV/EBITDA multiple on Aztar s non-las Vegas assets. (2) Purchase price included option to buy additional 16.5 acres of adjacent land; acquisition was primarily Las Vegas Strip real estate play
13 Built-in Growth - Encore at Wynn Las Vegas 2,054-room hotel tower fully integrated with Wynn Las Vegas, consisting of 144 suites and 1,910 guest rooms Approximately 54,000 square feet casino Additional convention and meeting space Several restaurants and nightclubs Swimming pools, a spa and salon, and retail outlets. Budget of $1.67 billion Ground breaking on April 28, 2006 and expected opening in 4Q08
14
15 Wynn Macau Opening September 5, 2006 Wynn signature rooms 200 tables / 380 slots in first phase 7 F&B outlets Second Phase in 4Q 2007 Up to 300 tables Two restaurants Front Feature 26,000 ft of high-end retail Spa and entertainment facility Water Feature
16 Wynn Macau Development Site Grand Lisboa Hotel Lisboa Wynn Macau Wynn Macau Site MGM Site
17 One of the largest markets Despite a lack of large scale integrated resorts to induce demand, Macau has grown into one of the largest gaming markets in the world Global Gaming Revenue 4.8 (US$ billions) Las Vegas Strip Macau Atlantic City Australia South Korea Malaysia Cambodia Philippines Source: Macau and Las Vegas Strip gaming revenues were $5.8 billion and $6.0 billion respectively in 2005
18 What is driving growth in Macau In 2005, 10.5 million tourists came from China - 56% of total tourist volume Over 9 million tourists from mainland under individual visa from July 2003 to April 2006 The FIT scheme (introduced in July 2003) allows travel to Macau without a group or business visa for up to 7 days 44 cities representing 250 million people are eligible for FIT. More cities will be added over time. Currency limits from Mainland raised to $20,000 per year Guangzhou Foshan Zhongshan Jiangmen Dongguan Shenzhen Zhuhai Huizhou Kunming Zhanjiang Yangjiang Maoming Nanjing Suzhou Wuxi Shaoguan Heyuan Nanchang Changsha Guiyang Nanning Guangdong Qingyuan Yunfu Heyuan Beijing Tianjin Chongqing Shanghai Ningbo Hangzhou Taizhou Fuzhou Quanzhou Xiamen Haikou Shantou Chaozhou Meizhou Shanwei Jieyang
19 Strong growth in tourism Macau is projected to nearly double tourism Historical and Projected Tourism Growth Projected 30.0 (Millions of Tourist) Source: Government of Macau
20 But Asia is still developing The USA has 295 million people and generates US$46bn+ North and SE Asia have 2 billion people and generate approximately US$11.5bn 2004 Casino Revenue Comparison (US$ billions) USA Asia Source: Industry Innovation Research Group. Asia includes Macau, Australia, South Korea, Cambodia, Malaysia and the Philippines
21 Macau Market Visitor Arrivals Zuhai Boarder (55%) Macau Peninsula Macau Ferry Terminal (35%) Taipa Lotus Bridge (5%) Cotai Macau International Airport (5%) Coloane
22 Infrastructure Development The Pearl River Delta is investing heavily in additional expressways and rail projects Hong Kong Macau Zuhai bridge plans are moving forward Macau is developing a light rail rapid transit system Macau is developing a new ferry terminal Macau is expanding the Airport New Light Rail / Rapid Transit Additional Ferry Terminal Macau is expanding the road systems, public transport and utilities Wynn Stop
23 Segmenting the Chinese Market The population of China is becoming: Increasingly urban, better educated and more wealthy Older: by 2023, 60% of the population will be over 40 The current savings rate is about 24% but growing by estimates of 2% per annum More than 300,000 Chinese have net worth over $1 million (excluding property) Mainland millionaires control around $530 billion in assets 5 years ago, mainland buyers accounted for 1% of global sales of luxury handbags, shoes and like products. Today they generate 12% of luxury goods world sales The Chinese population is expected to peak at approx 1.3 bn The upper middle class is expected to grow from 25 million in 2000 to 180 million over the next 5 8 years Over the next 10 years there will be approximately million people in the top income brackets the Premium Customer
24 Macau Market Changing Dynamics The main floor gaming market in Macau is evolving Main floor gaming revenue grew by approximately 48% while VIP gaming declined 2.4% in Gaming Mix 2005 Gaming Mix 23% 37% 63% 77% VIP Main Floor VIP Main Floor Source: Government of Macau
25 Further Growth in Macau Wynn Macau submitted application to the Government of Macau for a land concession for 54 acres on the Cotai Strip Master plan includes: Three casino resort hotels Wynn to control development Sale of subconcession to PBL provides significant flexibility
26 Investment Considerations Significant financial flexibility and ample liquidity Considerable planning and design before commencing construction on each project Diverse revenue stream with unparalleled features and amenities Capital discipline: Focus on Las Vegas and Macau Favorable Las Vegas and Macau market fundamentals Joint Venture potential in Macau Further growth in the Macau market Cross marketing opportunities with Wynn Macau
Introduction. Taxes Supported. E tax Payment Service
Introduction To allow corporate clients to pay taxes (levied by both State Tax Bureau and Local Tax Bureau) electronically, HSBC Bank (China) Company Limited (HSBC China) has completed the system development
More informationMacau Operations. Edward Tracy President and CEO Sands China Ltd.
Macau Operations Edward Tracy President and CEO Sands China Ltd. A Promising Development Opportunity? The Area Between Coloane and Taipa Circa 2002 2 The Original Plan for the Cotai Strip 3 Supply Driven
More informationGolden Resorts Group Limited. Corporate Presentation May 2011
Golden Resorts Group Limited Corporate Presentation May 2011 Contents Executive Summary Overview of Macau Gaming Industry Company Overview Financial Highlights 2 Executive Summary 3 Golden Resorts Group
More informationMarina Bay Sands. George Tanasijevich President and CEO of Marina Bay Sands
Marina Bay Sands George Tanasijevich President and CEO of Marina Bay Sands MBS Starts Strong and Continues to Ramp Marina Bay Sands Starts Strong and Continues to Ramp Adjusted Property EBITDA and Adjusted
More informationMacau: Asia s Las Vegas. The "City with Most Economic Potential in 2006 according to Foreign Direct Investment
Macau: Asia s Las Vegas The "City with Most Economic Potential in 2006 according to Foreign Direct Investment Introduction to MACAU Strategically located near Hong Kong and Shenzhen, in the fast growing
More informationWynn Resorts, Limited Reports Fourth Quarter and Year End 2015 Results
IMMEDIATE RELEASE Wynn Resorts, Limited Reports Fourth Quarter and Year End 2015 Results LAS VEGAS, Feb. 11, 2016 Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the fourth quarter
More informationINDUSTRY OVERVIEW ASIAN GAMING MARKET OVERVIEW
Certain information and statistics set out in this section and elsewhere in this prospectus relating to the Macau and China economy and the industry in which we operate are derived from government agencies,
More informationCREDIT SUISSE 18 th ASIAN INVESTMENT CONFERENCE. March 23, 2015
CREDIT SUISSE 18 th ASIAN INVESTMENT CONFERENCE March 23, 2015 SARAH ROGERS Vice President, Investor Relations MGM Resorts International 3 WHO WE ARE TODAY Premier Gaming And Entertainment Company With
More information(incorporated in the Cayman Islands with limited liability) (Stock Code: 1128 and Debt Stock Code: 5983) INSIDE INFORMATION
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationBMW China. Dealer Development.
Page 1 BMW China.. Dealer Development September 2010 Sheer Driving Pleasure Page 2 China auto market overview. Both total Passenger Vehicle (PV) market and plus segment have been growing quickly over the
More informationPage 1. GamblingCompliance. Asia Awakens: The Growth Of Casino Tourism. GamblingCompliance Research Team
Page 1 GamblingCompliance AsiaAwakens: TheGrowthOfCasinoTourism GamblingComplianceResearchTeam Page 2 Contents ExecutiveSummary...3 OverviewofCasinoCompetitioninAsia...5 Authors HarryAshtonandLaurieKorpi
More informationCURBING YOUR ENTHUSIASM? RISKS IN FORECASTING ASIAN GAMING GROWTH
William R. Eadington University of Nevada, Reno CURBING YOUR ENTHUSIASM? RISKS IN FORECASTING ASIAN GAMING GROWTH Insert your Company optional client logo STRUCTURED FINANCE 00 MONTH 2004 ANALYZING THE
More informationFrequently Asked Questions: Advanced Placement (AP) Exam
Frequently Asked Questions: Advanced Placement (AP) Exam Before the test Q1. How to register for the AP? A1. You may register online via the Hong Kong Examinations and Assessment Authority (HKEAA) website
More informationellow Shareholders, I am pleased to present to you our 2010 Annual Report.
ellow Shareholders, I am pleased to present to you our 2010 Annual Report. Our company delivered outstanding financial results for the year 2010, achieving record revenues, operating income, adjusted property
More informationUpcoming Event Notice
Upcoming Event Notice Masters in Painting Works of Contemporary Artists Exhibition (Macao, Aug. 11, 2014) The Masters in Painting Works of Contemporary Artists exhibition will be held at The Venetian Macao
More informationTHE MAINLAND 21.9 % +45.7 % BUSINESS ON
DIRECTION EXPANDING HORIZONS 58 HANG SENG BANK ANNUAL REPORT 2011 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS ON THE MAINLAND Our mainland China business recorded encouraging growth in 2011 as we successfully
More informationikang Healthcare Group, Inc.
ikang Healthcare Group, Inc. Q4 & FY2013 Financial Results Presentation June 2014 Forward-looking Statement This presentation contains forward-looking statements. These statements, including management
More informationFinancial Review +0.3 % -14 % The Group s adjusted net asset value. The Group s underlying earnings ADJUSTED NAV. HK$39,627m UNDERLYING EARNINGS
Performance and Outlook Financial Review The financial details outlined in this chapter provide an overview of the Group s consolidated results and financial capital as categorised by the International
More informationForecasting Market-wide Gaming Revenue (Win) for the Macau Special Administrative Region
Forecasting Market-wide Gaming Revenue (Win) for the Macau Special Administrative Region By Suzanne R. Mellen & Shannon S. Okada HVS International San Francisco The Macau Special Administration Region
More informationCompustat. Data Navigator. White Paper: Gaming Industry-Specific Data
Compustat Data Navigator White Paper: Gaming Industry-Specific Data November 2008 Data Navigator: Gaming Industry-Specific Data There are several metrics primary to understanding gaming operations that
More informationHong Kong: The gateway to Mainland markets. Hong Kong Economic and Trade Office (Toronto)
Hong Kong: The gateway to Mainland markets Hong Kong Economic and Trade Office (Toronto) October, 2013 1 Hong Kong Special Administrative Region SAR of the People s Republic of China since 1 July 1997
More informationChina - One Nation, Multiple Markets
Hong Kong Your Fast Track to China China - One Nation, Multiple Markets Presented by : Fanny Ting Marketing Director Victorinox Hong Kong Limited Agenda 1. How Victorinox Hong Kong (VHK) sees the China
More informationInvestor Presentation. Acquisition of the Hard Rock Hotel & Casino
Investor Presentation Acquisition of the Hard Rock Hotel & Casino Disclaimer Certain statements in this presentation and our response to various questions may constitute forward-looking statements. Such
More informationOCR Macau Gaming Monthly
Orient Capital Research April 13, 2015 Orient Capital Research Andrew Collier, Managing Director 852-9530-4348 andrew@collierchina.com Shiyi Zhou, Analyst, Shanghai Lei Chon Pang, Analyst, Macau OCR Macau
More informationOpening Remarks at Business Seminar Hong Kong: Seize Now Your Opportunities for Business in China and Beyond
Opening Remarks at Business Seminar Hong Kong: Seize Now Your Opportunities for Business in China and Beyond co-organised by HKETO(Sing) and THTA on 27 October 2009 at Conrad Hotel, Bangkok, Thailand Your
More informationLouvre Hotels Group s new footprint in China
Press Release Louvre Hotels Group s new footprint in China Golden Tulip K- Land Suzhou Residence & Tulip Inn Shangmo Hotel Shanghai September 2014 Louvre Hotels Group is pround to announce the official
More informationMacau Gaming Sector. Further upside potentials exist, but be selective. 31 October 2013
Macau Gaming Sector 31 October 2013 Further upside potentials exist, but be selective Summary Macau gaming sector is an extension of China consumption growth story. Unlike other consumer plays and retailers,
More informationEDEFINING THE RETAIL EXPERIENCE
EDEFINING THE RETAIL EXPERIENCE HE SANDS RETAIL PROPERTIES Sands Retail is the leasing and retail asset management platform of Sands China Ltd. and Las Vegas Sands Corp - responsible for properties across
More informationSTARWOOD IN GREATER CHINA
STARWOOD IN GREATER CHINA QIAN JIN PRESIDENT GREATER CHINA 48 W HONG KONG GREATER CHINA REPRESENTS AN UNMATCHED GROWTH OPPORTUNITY CHINA US Population 1.3B 0.3B Metro Areas with Population>1M 171 37 International
More informationBMW DEALER NETWORK IN CHINA
BMW DEALER NETWORK IN CHINA DR. DANIEL KIRCHERT SENIOR VICE PRESIDENT, SALES & MARKETING BMW BRILLIANCE AUTOMOTIVE OCTOBER 19, 2012 CONTENTS. Leading in city coverage Best quality dealer network Sustainable
More informationINVEST IN PRINCE GEORGE REAL ESTATE OPPORTUNITIES COMMERCIAL PROPERTIES
INVEST IN PRINCE GEORGE REAL ESTATE OPPORTUNITIES COMMERCIAL PROPERTIES REAL ESTATE INVESTMENT OPPORTUNITIES* 5 6 Downtown Prince George Properties 1. 6 th Avenue & Quebec Street 2. 2 nd Avenue & Victoria
More informationCasino Taxation in Macao, Singapore and Las Vegas
Casino Taxation in Macao, Singapore and Las Vegas Huang, Guihai (Samuel), Ph.D. Macao Polytechnic Institute 8th European Conference on Gambling Studies and Policy Issues Crossroads and roundabouts; the
More information2013 Annual Report. Wynn Macau, Limited Rua Cidade de Sintra, NAPE, Macau (853) 2888-9966 www.wynnmacau.com
2013 Annual Report 年度報告 2013 Annual Report 年度報告 Wynn Macau, Limited Rua Cidade de Sintra, NAPE, Macau (853) 2888-9966 www.wynnmacau.com 2 Corporate Information 4 Highlights 5 Management Discussion and
More informationVEGASPOOLSEASON.com VEGASPOOLSEASON GUIDE TO VEGAS POOLPARTIES//2015
VEGASPOOLSEASON.com VEGASPOOLSEASON GUIDE TO VEGAS POOLPARTIES//2015 > The pool parties in Las Vegas, over the past decade have become the pool party capital of the world and in typical Vegas fashion,
More informationCasinos Macau: Background and Future (And What About Monaco and Vegas?)
Casinos Macau: Background and Future (And What About Monaco and Vegas?) william n thompson professor emeritus of public administration university of nevada, las vegas european association of gambling studies
More informationANNUAL REPORT 2014 CELEBRATING 10 YEARS OF INNOVATION AND GROWTH. THE VENETIAN LAS VEGAS May 1999. MARINA BAY SANDS April 2010. SANDS MACAO May 2004
ANNUAL REPORT 2014 THE VENETIAN LAS VEGAS May 1999 SANDS MACAO May 2004 THE PALAZZO December 2007 MARINA BAY SANDS April 2010 CELEBRATING 10 YEARS OF INNOVATION AND GROWTH F ellow Shareholders, I am pleased
More informationL A S V EG A S SA N DS COR P. ~ A N N UA L R EP ORT
L A S V EG A S SA N DS COR P. ~ A N N UA L R EP ORT 3355 Las Vegas Boulevard South, Las Vegas, Nevada 89109 Telephone: (702) 414.1000 sands.com Marina Bay Sands Sheraton Hotel Macao Cotai Central - Conrad
More informationSenior Secured Notes Offering. Investor Presentation March 2010
Senior Secured Notes Offering Investor Presentation March 2010 SAFE HARBOR PROVISION This presentation includes or incorporates by reference forward-looking statements that are based on our current expectations
More informationNew Issuer: China Merchants Land Limited
New Issuer: China Merchants Land Limited China Merchants Land has picked Bank of American Merrill Lynch, DBS, Industrial and Commercial Bank of China as joint global co-ordinators, joint lead managers
More informationLicensed by the California Department of Corporations as an Investment Advisor Investment Newsletter May 2006
Licensed by the California Department of Corporations as an Investment Advisor Thailand: Focus on Koh Samui This is the fifth (!) newsletter in my series on Thailand. Prior installments (October to December
More informationMacau Legend Development Limited * 澳 門 勵 駿 創 建 有 限 公 司
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More information2015 First-Half Interim Results 25 August 2015
2015 First-Half Interim Results 25 August 2015 1 Disclaimer Potential investors and shareholders of the Company (the Potential Investors and Shareholders ) are reminded that information contained in this
More informationHow to Perform a Feasibility Study for Indoor and Outdoor Waterpark Resorts
How to Perform a Feasibility Study for Indoor and Outdoor Waterpark Resorts By David J. Sangree, MAI, CPA, ISHC Before a developer or organization considers construction of a new indoor or outdoor waterpark
More informationHarrah s Entertainment, Inc. 2010 Investor Presenta8on
Harrah s Entertainment, Inc. 2010 Investor Presenta8on Forward Looking Statements Certain informa,on in this presenta,on may be considered forward- looking informa,on within the meaning of the Private
More informationAlways Beside You, Make All Customers Satisfied
Always Beside You, Make All Customers Satisfied Beijing Shenyang Xi an Qingdao Chengdu Wuhan Shanghai Guangzhou Xiamen Branch Offices Distribution Customer Service Center Distribution OMRON INDUSTRIAL
More informationINVESTMENT PROPOSAL BANYAN TREE LUXURY VILLA AND HOTEL DEVELOPMENT TURKBUKU, BODRUM Q3 2008
INVESTMENT PROPOSAL BANYAN TREE LUXURY VILLA AND HOTEL DEVELOPMENT TURKBUKU, BODRUM Q3 2008 BANYAN TREE VILLAS, APARTMENTS AND HOTEL, TÜRKBÜKÜ BODRUM Banyan Tree Turkbuku represents an opportunity to acquire
More informationB312 Hospitality and Tourism Management. Module Synopsis
B312 Hospitality and Tourism Management Module Synopsis According to United Nation World Tourism Organization (UNWTO) report, Tourism Highlights (2008), tourism has been experiencing positive growth over
More informationMGM CHINA HOLDINGS LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationChina Travel Mission 2016. Prospectus
China Travel Mission 2016 Prospectus 23 to 26 October Shanghai, China Page 1 of 6 Overview Tourism Western Australia (Tourism WA) invites tourism businesses in Western Australia to participate in the annual
More informationCiti Global Financial Services Conference
Citi Investor Relations Citi Global Financial Services Conference November 19, 2014 Stephen Bird CEO, Citi Asia Highlights Citi s core strength is its global presence Unparalleled ability to grow with
More informationE*TRADE Reports Break-Even Results From Ongoing Operations and $330 Million In Revenues
E*TRADE Reports Break-Even Results From Ongoing Operations and $330 Million In Revenues Company Reports Third Consecutive Quarter of Operating Profitability MENLO PARK, Calif., April 10 /PRNewswire/ --
More informationUtilizing and Prospects for the Guangdong Pilot Free Trade Zone
Mizuho Bank, Ltd., Hong Kong Corporate Banking Division No. 1 China ASEAN Research & Advisory Department June 2015 Utilizing and Prospects for the Guangdong Kazutaka Sakauchi China ASEAN Research & Advisory
More informationCBRE GROUP INC. leadership in every major market Respect, Integrity, Service and Excellence (RISE)
CHINA SERVICES CBRE GROUP INC. Headquartered in Los Angeles, CBRE Group Inc. is the world s largest commercial real estate services firm (in terms of 2012 revenue). We are a Fortune 500 and S&P 500 company
More informationOn March 31, 2002, the Government of Macau, granted three gaming concessions to:
June 27, 2013 A.G. Burnett Chairman, Nevada State Gaming Control Board Testimony before the U.S.-China Economic and Security Review Commission Hearing on Macau and Hong Kong Chairman Reinsch, Chairman
More informationBDO s. Setting up a business in China can. BDO China unlocked
china unlocked BDO China unlocked BDO s expertise and international reach Over the last two decades China has firmly put itself on the map as a country in which to invest, to date mainly for Manufacturing
More informationVWNMS Dr. Frank Galas 24 th September 2014 Volkswagen Leasing China 1
1 Leasing is the natural choice for commercial customers Fixed low monthly leasing payments full transparency and cost control No bound capital and higher financial freedom for the business Off balance
More informationLocation... Location..
Location... Location.. . Location... We seek the very best locations for our developments, prime downtown districts where as China's cities modernize and grow our properties will become natural landmarks.
More information2015 Interim Report. Wynn Macau, Limited Rua Cidade de Sintra, NAPE, Macau (853) 2888-9966 www.wynnmacau.com
2015 Interim Report 中期報告 2015 Interim Report 中期報告 Wynn Macau, Limited Rua Cidade de Sintra, NAPE, Macau (853) 2888-9966 www.wynnmacau.com 2 Corporate Information 4 Highlights 5 Management Discussion and
More informationExhibit VIII.B.2 Player Database and Loyalty Program
Submit as Exhibit VIII.B.2. the following: Exhibit VIII.B.2 Player Database and Loyalty Program a. describe any loyalty, reward or similar frequent player program (a Program ) maintained by the Applicant
More informationFinding Success in Market Variability, Making Innovation in Future Partnerships Wheelock Square Grows Together with its Tenants
For immediate release Finding Success in Market Variability, Making Innovation in Future Partnerships Wheelock Square Grows Together with its Tenants According to estimates, central Shanghai's super grade
More informationTotal Cash and Working Capital
Total Cash and Working Capital Getting the most out of cash and working capital advisory Today s environment Cash is key to the survival and growth of a business To satisfy shareholders To run the business
More informationGroup operating profit increased by 10% to HK$9,372 million, a record high.
(I) Review of 2010 Results The Group achieved robust financial results in 2010 in a stronger global economy. Benefitting largely from its unique investment property portfolio in Hong Kong and a rising
More informationTotal Cash and Working Capital
Total Cash and Working Capital Getting the most out of cash and working capital ADVISORY Today s environment Cash is key to the survival and growth of a business To satisfy shareholders To run the business
More informationChina Property Sector Expecting lower policy risk due to stabilizing home prices
19 September 2012 Equity Focus Key Data Average FY12E PE (x) 5.69 Average FY12E PB (x) 1.14, ABCI Securities HSCIPC performance (%) Absolute Relative* 1-mth 6.3 3.8 3-mth 10.3 4.5 6-mth 6.2 7.7 *Relative
More informationFinal Project. Harrah s Entertainment (HET)
Final Project Harrah s Entertainment (HET) New York University Stern School of Business Administration Equity Valuation Executive MBA Professors Aswath Damodaran Spring, 2004 Submitted by: Andrew Lorenzetti
More informationFinancial Assistance Application Tioga Downs Racetrack, LLC Cost / Benefit Analysis
Financial Assistance Application Tioga Downs Racetrack, LLC Cost / Benefit Analysis The information included herein is taken from the attached Tioga County Industrial Development Agency (IDA) Application
More informationHOSPITALITY HOSPITALITY
HOSPITALITY w w w. a r q u i t e c t o n i c a. c o m HOSPITALITY COMPANY PROFILE is a full-service architecture, interior design and planning firm that began in Miami 36 years ago. Led by Bernardo Fort-Brescia,
More informationMGM RESORTS INTERNATIONAL 2013 ANNUAL REPORT
pride MGM RESORTS INTERNATIONAL 2013 ANNUAL REPORT proud of our achievements Dear Shareholders, 2013 was a great year for your Company. Just one year ago, I shared my belief that 2013 would represent a
More informationADJUSTED VALUATION OF COSCO BULK, CERTAIN ONSHORE AGENCY COMPANIES AND CSPD
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationChinese Hospitality Program
2013 Chinese Hospitality Program Greetings from Beijing! We at YCC are excited for your curiosity in our Chinese Hospitality Program. I trust you will have a truly enlightening experience as me and many
More informationVolume I Issue III. The Tourism Industry s Contribution to Major Public Revenues
Volume I Issue III Page 1 Applied Analysis was retained by the Las Vegas Convention and Visitors Authority (the LVCVA ) to review and analyze the economic impacts associated with its various operations
More informationCHINA (SHANGHAI) PILOT FREE TRADE ZONE. SHANGHAI WAIGAOQIAO FREE TRADE ZONE UNITED DEVELOPMENT CO., LTD. April/2015
CHINA (SHANGHAI) PILOT FREE TRADE ZONE SHANGHAI WAIGAOQIAO FREE TRADE ZONE UNITED DEVELOPMENT CO., LTD. April/2015 CSPFTZ New Process----Expansion China(Shanghai)Pilot Free Trade Zone-28.78km 2 A Shanghai
More informationLAS VEGAS CASINO AND HOTEL MARKET OUTLOOK 2012
JANUARY 2012 LAS VEGAS CASINO AND HOTEL MARKET OUTLOOK 2012 Shannon Okada Associate Director www.hvs.com HVS Gaming Division 8170 W Sahara Avenue, Suite 201, Las Vegas, NV 89117 USA Las Vegas Casino and
More informationSourcing & Selling in China via Hong Kong. Bonnie Shek Director, Australia & New Zealand
Sourcing & Selling in China via Hong Kong 1 Bonnie Shek Director, Australia & New Zealand Why Hong Kong? Latest development How HKTDC can help? 2 Hong Kong Advantages Resilient Economy Ideal Location Dynamic
More informationMiddle East Hotel Market Insight Report Dubai, UAE
Middle East Hotel Market Insight Report Dubai, UAE Issue 1 - April 214 In the Middle East since Dubai has established itself as a leading global hospitality destination Dubai attracted 7.8 million hotel
More informationGLOSSARY ADR. cage. a secured area within a casino where records of transactions are kept, money is counted and chips can be exchanged for cash CAGR
The following glossary contains explanations and definitions of certain terms used in this prospectus as applicable to our Company and business. These terms and their meanings used in this prospectus may
More informationFormation of Project Company regarding Land Acquisition and Connected Transaction
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationCorporate Presentation
No. 58019-U Corporate Presentation Citi - ASEAN Investor Forum June 2013 1 Agenda Introduction Financial Highlights Malaysian Operations Resorts World Genting Overseas Operations United Kingdom United
More informationHighlights from Tourism Australia s activity in China in 2012-13
2020 Highlights from Tourism Australia s activity in China in 2012-13 The Chinese inbound tourism market has the potential to contribute up to A$9 billion annually to the Australian economy by 2020. Activity
More informationAtlantic City December Revenue Up 7.3% Investment Highlights: Companies Featured Buy. Hold. Industry Update. January 11, 2006
GAMING Adam Steinberg, CFA 212-218-3765 asteinberg@morganjoseph.com Industry Update January 11, 2006 Companies Featured Buy Trump Entertainment Resorts, Inc. (TRMP - $20.85 - NASDAQ) 2004A 2005E 2006E
More informationFEC Announces Annual Results Strong Foundation for Future Growth
Immediate Release 24 June 2016 (Incorporated in the Cayman Islands with limited liability) Website: http://www.fecil.com.hk (Stock code:35.hk) FEC Announces Annual Results Strong Foundation for Future
More informationOctober 2009 Real Estate Industry Practice
Accounting for investment properties under construction - a practical guide October 2009 Real Estate Industry Practice Contents 1 Introduction 3 Scope 4 Measurement 7 Recognition of fair value gains or
More informationHong Kong: the premier gateway for doing business in China and Asia
Hong Kong: the premier gateway for doing business in China and Asia Miss Gloria Lo Director of Hong Kong Economic and Trade Office 23 May 2012 Hong Kong Economic and Trade Office (Toronto) 1 Hong Kong
More informationHead 79 INVEST HONG KONG
Controlling officer: the Director-General of Investment Promotion will account for expenditure under this Head. 2014 15... $115.0m Establishment ceiling 2014 15 (notional annual mid-point salary value)
More informationCHINA S HOTEL INDUSTRY TAKES A NEW DIRECTION
CHINA S HOTEL INDUSTRY TAKES A NEW DIRECTION www.hotelanalyst.co.uk Contents BACKGROUND 1 ECONOMY 3 DEMOGRAPHICS 4 TRANSPORT 5 TOURISM 7 HOTEL MARKET 12 INVESTMENT 20 FUTURE TRENDS 22 Tourism KEY CITIES/REGIONS
More informationMaximum Redemptions per Patron. 1 time per Promotional Day. 1 time per Promotional Day 1 time per Promotional Day
Item 1. Participants must be 21 years of age or older. 2. Participants must not be on the barred list and must have a valid membership card and be in good standing with Venetian Macau Limited. 3. Sands
More informationCorporate Presentation
No. 58019-U Corporate Presentation CLSA IF2013 - HK September 2013 1 Agenda Introduction Financial Highlights Malaysian Operations Resorts World Genting Overseas Operations United Kingdom United States
More informationMorningstar Document Research
Morningstar Document Research FORM10-K MGM Resorts International - MGM Filed: March 02, 2015 (period: December 31, 2014) Annual report with a comprehensive overview of the company The information contained
More informationCities Research Center, 2015. China60: From Fast Growth to Smart Growth
Cities Research Center, 2015 China60: From Fast Growth to Smart Growth 2 Cities Research Center China60 Cities Research Center China60 3 Contents Foreword 5 Executive Summary 7 Introducing the China60
More informationHead 79 INVEST HONG KONG
Controlling officer: the Director-General of Investment Promotion will account for expenditure under this Head. 2015 16... $115.1m Establishment ceiling 2015 16 (notional annual mid-point salary value)
More informationProposal Summary Summary brief introduction to proposal
Proposal Summary Summary brief introduction to proposal AAIC -Complex Development Project, Area of Incheon International Airport Liberty Financial Group hopes for developing a large-scaled hotel complex
More informationPCD Stores (Group) Limited. 中 國 春 天 百 貨 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 331)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationITEM FOR FINANCE COMMITTEE
For discussion on 2 May 2014 FCR(2014-15)6 ITEM FOR FINANCE COMMITTEE CAPITAL INVESTMENT FUND HEAD 973 TOURISM Subhead 101 Equity in Hongkong International Theme Parks Limited Subhead 102 Loan in Hongkong
More informationKey Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report
Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report Please Note The findings presented here are preliminary and as delivered at the ASEAN Tourism Forum, January 2014. Final checks
More informationLeadership Luncheon: Resort Development in Asia. Darrell Metzger, CEO Destination Developments
Leadership Luncheon: Resort Development in Asia Darrell Metzger, CEO Destination Developments LEISURE DESTINATIONS DARRELL METZGER United Arab Emirates GLOBAL TOURISM 2006 North America 3% Caribbean 3%
More informationSiemens in China Profit and Growth Dr. Richard Hausmann, President & CEO Siemens Ltd., China
Siemens in China Profit and Growth Dr. Richard Hausmann, President & CEO Siemens Ltd., China Siemens Analyst conference Beijing, March 14, 2005 Safe Harbor Statement This presentation contains forward-looking
More informationFY14 Results 25 February 2015
FY14 Results 25 February 2015 Generating positive cash flow and profit Achieving growth across all key metrics Statutory Earnings: EBITDA of $1.2m Revenue up 79% to $45.1m NPAT of $476k Strong growth in
More informationINTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2015
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationNEIL BLUHM THE COMPANIES OF RUSH STREET GAMING JMB REALTY CORPORATION WALTON STREET CAPITAL
NEIL BLUHM THE COMPANIES OF RUSH STREET GAMING JMB REALTY CORPORATION WALTON STREET CAPITAL EXPERIENCE EXPERTISE EXCELLENCE Creating International Landmarks For over 40 years, Neil Bluhm s companies have
More informationEmaar Misr. Delivering integrated lifestyle communities. March 2015
Emaar Misr Delivering integrated lifestyle communities March 2015 A premium, diversified developer in the heart of Egypt Company snapshot Commenced operations in 2005 as a JV between Emaar Properties and
More information