No guarantee in Macau

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Only four of the six casino concession holders in Macau ended 2007 with positive net numbers. Local Macau media reports that Galaxy Casino, SJM, Venetian Macao and Wynn Resorts posted net profits for the year, while Melco PBL Gaming and MGM Grand Paradise finished in the red.


• The biggest winner was Stanley Ho’s SJM, which showed a profit equal to around $234 million. Then came Venetian Macao with $200 million, Wynn Resorts at $188 million and Galaxy Casino with $71 million.

• Melco PBL Gaming had a net loss of $132 million for 2007 plus a deferred loss from 2006 of $49 million.

• MGM Grand Paradise started operations in mid December 2007 and ended the year with a loss of over $90 million.