WYNN - Macau casino revenue soars to post-pandemic high in April

2023-05-01 06:30:06 ET

Gross gaming revenue in Macau soared 450% year-over-year in April to 14.72B patacas ($1.82B) to smash the consensus estimate of analysts. The GGR tally was up 15.6% from the level seen in March and was the highest since before the pandemic first starting having an effect on the region in January of 2020.

The April period included two days of the national Labor Day holiday that extends until May 3. Early reports from Macau are that visitation is very high for Golden Week, with some hotels reporting a full level of bookings.

For the first four months of 2023, Macau’s GGR is up 141% year-on-year to $49.4 patacas billion ($6.12B).

Macau casino stocks: Wynn Macau ( OTCPK:WYNMF ) ( OTCPK:WYNMY ), Wynn Resorts ( WYNN ), Sands China ( OTCPK:SCHYY ) ( OTCPK:SCHYF ), Las Vegas Sands ( NYSE: LVS ), MGM China ( OTCPK:MCHVF ) ( OTCPK:MCHVY ). MGM Resorts ( MGM ), Galaxy Entertainment ( OTCPK:GXYEF ), SJM Holdings ( OTCPK:SJMHF ) ( OTCPK:SJMHY ), Melco Resorts & Entertainment ( MLCO ), Studio City International ( MSC ).

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