WYNMF News and Press, Wynn Macau Ltd. From 04/03/23

2023-04-03 07:08:20 ET Gross gaming revenue in Macau surged 246.9% year-over-year in March to 12.7B patacas ($1.58B) to top the consensus expectation for a rise of 205%. The gaming revenue tally was the highest for the Macau region since January of 2020, just before pandemic lockdowns began...

2023-03-08 12:54:46 ET Wynn Resorts ( NASDAQ: WYNN ) now has a lowered its stake in Wynn Macau ( OTCPK:WYNMF ) after setting up a $600M convertible bond deal. The casino company is the holder of a 65.8% position in Wynn Macau after previously having a stake of 71.6%. ...

Gross gaming revenue in Macau increased 33% year-over-year in February to 10.3B patacas ($1.3B) to edge past the consensus estimate of analysts. The GGR tally was down 10.8% from the level seen in January, with the timing of the Chinese New Year holiday period a factor in the comparison between t...

Summary Wynn has a crushing debt load that they need to reduce. Competitors have more growth opportunities and use their capital more effectively. At the moment, there are more arguments against an investment than for one. Thesis I think that Wynn Resorts (WYNN) is in ...

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for C...

Summary Macau's gaming industry has fallen on hard times due to covid and other reasons. Signs point towards relaxation of zero-covid policies in China. Macau casino stocks have most to gain from a reopening. At the same time, gambling licenses for all Macau casino operators a...

Despite the efforts of Malaysia-based Genting Group ( OTCPK:GEBHF ) ( OTCPK:GIGNF ) ( OTCPK:GIGNY ), Citi analyst George Choi sees slim chances of Macau casino licenses shifting hands.c “Macau already has six of the best casino operators in the world, evid...

Gross gaming revenue in Macau fell 50.7% year-over-year in August to 2.19B patacas ($270M), according to the Gaming Inspection and Coordination Bureau. The soft GGR number was impacted by the mass COVID testing policy in the early part of August. The monthly tally was a huge jump fr...

Macau will see more activity on August 2 when bars, restaurants, salons, gyms and entertainment venues reopen following a COVID-19 lockdown that lasted more than a month. Retail establishments will require visitors to show proof of a negative COVID test taken within the prior 72 hours i...

Gross gaming revenue in Macau fell 95% year-over-year during July to 398M patacas ($49M), according to the Gaming Inspection and Coordination Bureau. The monthly tally was slightly better than the consensus expectation for a 98% drop, but marked the worst month ever for the gambling...