Monday, May 13, 2024

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Wynn CFO: Capital expenditure could reach $500M by 2025-end

The CAPEX related to Wynn Macau‘s concession commitments could range between $350 million and $500 million in total between 2024 and the end of 2025, according to the group's CFO.

Wynn Macau revenues hit nearly $1 billion in 1Q24

Wynn Macau saw a 66.4 percent surge in its operating revenues during the first quarter of the year, on a yearly basis, hitting nearly $1 billion, far overshadowing its other segments.

Rolls-Royce SPECTRE debuts at Wynn Palace

Rolls-Royce Motor Cars Hong Kong & Macau, the exclusive distributor of Rolls-Royce Motor Cars in the region, hosted a spectacular gala dinner yesterday at Wynn Palace Cotai in Macau to celebrate the arrival of Spectre – the first fully electric Rolls- Royce.

Wynn Macau’s 2Q23 revenue up by 6.5 percent quarterly, to $819 million.

Gaming operator Wynn Macau saw a strong third quarter in 2023, with total operating revenues up 609 percent yearly, to $819.8 million, a 6.5 percent increase over 2Q23.

Wynn Macau refurbishment completed in 2Q23 

The multi-million dollar refurbishment of Wynn Macau's peninsula property was completed in 2Q23.

Your Daily Asia Gaming eBrief: UAE casino to unlock gateway for Wynn Resorts

Wynn's foray into the UAE could be opening the gateway for a casino flourish in the desert, with expectations that the property could generate similar EBITDA to Wynn's Cotai strip property, says an analyst.

Wynn Resorts stock deemed ‘too risky’ compared to alternatives: analyst

Wynn Resorts stock is currently being deemed ‘too risky’ compared to other alternatives, according to an analyst, as the group’s financial results improved compared to 2022 but did not yet return to pre-COVID levels.

Wynn Macau books $11.16 million profit in 1H23

Wynn Macau benefited from the return of tourists to Macau, posting a second half profit of HK$87.46 million ($11.16 million).

Your Daily Asia Gaming eBrief: Wynn’s Macau operations return to profit

The sun is truly shining on Macau once again. Wynn announced a return to profit, led by its Cotai property, with triple-digit increases across the board.

Wynn says direct VIP business could exceed previous levels, strong Golden Week figures

Wynn Resorts’ CEO says that its Macau VIP direct business has been “generally unaffected by the legal changes that happened” and that “there’s really no legal or structural impediments” for the group to return to its previous levels or even “exceeding” them.