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WYNMF News and Press, Wynn Macau Ltd. From 05/10/21

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Company Name: Wynn Macau Ltd.
Stock Symbol: WYNMF
Market: OTC

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WYNMF - Macau gaming revenue bounces during Labor Week, but analysts wary

Macau gross gaming revenue rebounded to its highest post-COVID level during the region's Labor Week. JPMorgan says the revenue tally reflects a strong rebound in the premium-mass segment and extended length-of-stay, while Bernstein analysts say they expected a more robust GGR uplift to begin ...

WYNMF - Macau makes incremental progress with Beijing on opening travel

Macau Chief Executive Ho Iat Seng says the local government is discussing with Beijing a potential trial plan for a mutual system of vaccination recognition.His comments came earlier today during a question-and-answer session at the Macau Legislative Assembly.The arrangement could help reduce...

WYNMF - Seeking Alpha Catalyst Watch

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Apri...

WYNMF - Macau could be more open by Golden Week in May

UBS doesn't think the same government calls will be made for people not to travel to Macau for the May Day Golden Week period as were made in February for the Chinese New Year holiday. The firm bases its conviction off a conversation with a local official."We are now at a similar timeframe be...

WYNMF - Macau casino stocks on watch after vaccine halt in Hong Kong

Wynn Resorts (WYNN), MGM Resorts (MGM), Las Vegas Sands (LVS) and Melco Resorts (MLCO) are on watch after Hong Kong suspends use of Pfizer and BioNTech's COVID-19 vaccine after the local government determined that a batch had defective bottle lids. The vaccine suspension is immediate whi...

WYNMF - Macau gaming stocks on watch as green shoots emerge

Bank of America says Guangzhou traffic levels were down -12% Y/Y from normal for the week ending March 13 to mark the best week this year and indicate a sharp recovery from the 2021 average traffic drop of -26%. "China RevPAR was -30% vs. 2019, above the four-week rolling average of -40%. In ...

WYNMF - Macau starts off 2021 with 64% drop in gaming revenue

Gross gaming revenue in Macau fell 63.7% Y/Y in January to 8.02B patacas ($1.0B), but showed sequential improvement from the mark in December and topped the consensus expectation from analysts for a drop of 67%. Visitation bottlenecks due to visa processing and COVID-test requirement slowed d...

WYNMF - Macau recovery expected to take hold in 2021

Bank of American weighs in on the 66% drop in Macau gross gaming revenue for December. "The MoM growth was partly helped by the Christmas holiday season. Macau government has imposed stricter quarantine rules on Dec 21, requiring people arriving Macau from locations except mainland China and ...

WYNMF - Macau looks to recover after wrapping up 2020 with 79% drop in gaming revenue

Gross gaming revenue in Macau fell 65.8% in December to 7.83B patacas ($980M) as the slow pace of recovery continued with more Mainland visitors trekking to the reawakening gambling mecca. Some late month strength was noted as visitation to Macau averaged 24,503 per day for December 23-27, wh...

WYNMF - Green shoots seen in Macau even as weak economic factors hold back a quick recovery

CFRA turns incrementally more positive on the Macau sector on early signs that it is gradually rebounding. Analyst Aaron Ho notes the domestic tourism market in China is gaining traction after the effective containment of COVID-19 has given consumers the confidence to return to leisure activi...

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