Inside Asian Gaming

INSIDE ASIAN GAMING | August 2011 48 Briefs Regional Briefs Weike Gaming reports record unit sales in the first half of 2011 Weike Gaming announced record sales of units shipped to third parties in the first half of 2011. The Singapore-based company’s slots gaming division has recorded its best six-month game sales in the company’s decade-long history. Weike Gaming had a 500% increase in sales from the same period in the previous year with record growth in transactions to clubs in Malaysia, Singapore and to the Marina Bay Sands integrated resort in Singapore. Chow Chee Keong, Weike Gaming’s Head of Sales stated, “We are delighted with the record result, as our strong suite of Asian-themedgames is gaining strong market acceptance and a loyal following with some outstanding performance figures for operators. We have worked hard to listen to players’ needs and to provide games that Asian players can identify with and enjoy. As the only Singapore-based gaming manufacturer, we believe we are uniquely positioned to understand and deliver what the Asian player is looking for in a slot game.” Weike Gaming anticipates that the strong slot sales performance will continue, assisted by the recent launch of the new gaming cabinet, Infinity X, at the G2E Asia gaming trade show. The technologically advanced slim line dual 22” widescreen cabinet will further enhance its appeal to slot gaming players due to its modern design and presence on the gaming floor. The slot sales figures excludes transactions for the company’s We Systems (Weike says it is Asia’s largest supplier of slot systems) and also excludes sales of jackpot controllers. Wynn Macau reports 41% increase in slot handle in 2Q 2011 Wynn Resorts reported financial results for the second quarter ended June 30, 2011. Net revenues for the second quarter of 2011 were US$1,367.4 million, compared to US$1,032.6 million in the second quarter of 2010. The revenue increase was driven by a 36.7% increase in revenues at Wynn Macau and a 22.8% revenue increase from Las Vegas operations. Adjusted property EBITDA at Wynn Macau was US$447.0 million for the second quarter of 2011, 58.9% above the US$281.4 million reported in the second quarter of 2010. In the second quarter of 2011, Wynn Macau’s net revenues were US$976.5 million, a 36.7% increase from the US$714.4 million generated in the second quarter of 2010. Adjusted property EBITDA in the second quarter of 2011 was US$314.3 million, up 45.4% from US$216.2 million in the second quarter of 2010. Table games results in Macau are segregated into two distinct reporting categories; the VIP segment and the mass market segment. Table games turnover in the VIP segment was US$32.7 billion for the second quarter of 2011, a 50.6% increase from US$21.7 billion in the second quarter of 2010. VIP table games win as a percentage of turnovers (calculated before discounts and commissions) for the quarter was 2.89%, in-line with the expected range of 2.7% to 3.0% and lower than the 3.22% experienced in the second quarter of 2010. Table games drop in the mass market category was US$690.3 million during the period, a 25.9% increase from US$548.1 million in the second quarter of 2010. Mass market table games win percentage (calculated before discounts) of 27.8% was in-line with our revised range and higher than the 22.9% generated in the 2010 quarter. Wynn Macau has increased their expected mass market range from 21%-23% to 26%-28% based on experience since the opening of Encore. Slot machine handle increased 40.7% to US$1.5 billion as compared to the previous year’s quarter. Win-per-unit per day was 73.2% higher at US$791, compared to US$457 in the second quarter of 2010. Gross non-casino revenues at Wynn Macau increased 33.6% during the quarter to US$94.6 million, driven by strong performance from all non-casino segments. Including Encore, the resort currently has 493 tables (265 VIP tables, 217 mass market tables and 11 poker tables) and 1,053 slot machines at Wynn Macau. Pansy Ho buys 36.3 million Shun Tak shares from Stanley Ho Ailing gambling tycoon Stanley Ho has parceled out another chunk of his property and transport flagship Shun Tak Holdings Ltd to the eldest daughter of his second wife, according to a statement from the company. ShunTak said its managing director, Pansy Ho, bought 36,285,523 shares of the company from her father at market price on 21st The new Infinity X cabinet Wynn Macau Family legacy—Stanley and Pansy Ho