Wynn Macau is offering two extra leave days to employees who are vaccinated against Covid-19.
Wynn Macau offering two extra leave days to employees who get vaccinated (Macau Business)
Wynn Resorts is likely to enjoy higher margins post-Covid due to its cost-cutting efforts, but the main excitement to come from its Q1 results came from a plan to spin off its digital business, analysts say.
Wynn Resorts said it continued to experience gradual improvement in visitation trends in the first quarter of 2021 at its Macau properties, driving premium mass casino and luxury retail revenues.
Wynn Resorts said it plans to begin rolling out elements of the second phase of its expansion at Wynn Macau in the first half of this year, depending on market conditions.
Consensus estimates for Q1 earnings at Macau’s six operators may be too high, with corporate EBITDA likely to be lower than the prior quarter due to an uneven recovery and higher expenses, Morgan Stanley says.
Wynn Macau saw its casino revenues fall 82 percent in 2020 primarily due to adverse effects of the covid-19 pandemic, which saw its casinos closed in Macau for a 15-day period and subsequent reopening on a reduced basis in the year.
The final court ruling on Wynn Macau’s liability in the Dore Entertainment case could change the landscape of VIP gaming in Macau, according to gaming expert António Lobo Vilela.
Wynn Macau has announced that it is participating in the Macau government's “Macao Week in Hangzhou” roadshow from March 26 to 29 at the Hubin Pedestrian Street to showcase Macau's diverse travel experiences and commercial opportunities to locals and visitors in Hangzhou.
Wynn Macau is hosting a new edition of the "Wynn Guest Chef Series." China's leading chefs from across the country will descend upon Macau to take part in a series of fourteen events for three consecutive months.
Linda Chen, vice-chairman and executive director of Wynn Macau, led a group of 33 young team members from different departments to visit the "Base of Education of Love for Motherland and for Macau for Young People" on February 18.
Wynn Resorts is boasting that the Michelin Guide Hong Kong & Macau 2021 has awarded nine Michelin stars to five signature restaurants at Wynn Macau and Wynn Palace, more than its rivals.