WYNMF - Macau revenue trails estimates for November as recovery timeline drags on

Macau casino gross gaming revenue was up 0.01% in November on a year-over-year comparison to 6.75B patacas ($834M) vs. +2% consensus estimate. On a sequential basis GGR was up 55% during the month, but was 70% lower than the pre-pandemic level in 2019. Macau GGR is up 49.9% for the first eleven months of the year to 87.9B patacas compared to the soft pandemic numbers from a year ago. Looking ahead, the outlook for November is grim with the arrest of the junket operator Suncity Group's (OTCPK:SCGHF) CEO seen threatening junket business and COVID restrictions likely to stay in place. Macau casino stocks: Wynn Macau (OTCPK:WYNMF), Wynn Resorts (NASDAQ:WYNN), Sands China (OTCPK:SCHYY), Las Vegas Sands (NYSE:LVS), MGM China (OTCPK:MCHVF). MGM Resorts (NYSE:MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF), Melco Resorts & Entertainment (NASDAQ:MLCO), Studio City International (NYSE:MSC). Read more about the Suncity development in Macau.

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Macau revenue trails estimates for November as recovery timeline drags on