Updated ET
HONG KONG—Macau casino operators Wynn Macau Ltd. and Galaxy Entertainment Group Ltd. Wednesday reported first-quarter earnings were up sharply from a year earlier as revenue in the world's largest gambling market continued to soar.
Galaxy, controlled by the family of Hong Kong tycoon Lui Che Woo, reiterated its plans to open a nearly US$2 billion casino-resort May 15. But Wynn Macau Chairman Steve Wynn didn't offer any updates on the timing or budget for his company's next project in the Chinese territory, which has become a vital source of revenue for U.S.-based casino operators as business in Las Vegas remains sluggish.
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