Your Daily Asia Gaming eBrief: Fitch: Wynn Macau with FY23 EBITDAR of $917mln

Wynn Macau

Good Morning. Just keep Wynning. That’s the expectation by analysts at Fitch, who predict Wynn Macau’s adjusted EBITDAR could top $917 million this year, benefiting from the city’s overall shift to higher-margin mass play. And in the Philippines, PAGCOR aims to privatize its casinos by 3Q25 “at the earliest”, while continuing to defend legitimate POGOs, despite still not having a third-party auditor. Meanwhile, LET-controlled Suntrust is progressing with its Westside City project, as it narrowed its loss in 2Q23.

ASEAN Gaming Summit, asia gaming ebrief, Philippines

What you need to know

On the radar

AGB Intelligence


wynn, macau

Wynn to reach adjusted EBITDAR of $917mln in FY23: Fitch

Analysts at Fitch are expecting Wynn Macau to achieve an adjusted EBITDAR of some $917 million in 2023, based upon strong results seen in the first half-year. Fitch ratings’ CreditSights division notes that this was driven by the shift to higher-margin ‘mass market, higher-than-expected business volumes, and improved cost efficiencies’. The group notes Macau’s overall shift away from junkets and VIP are improving EBITDA figures across the concessionaires.

Industry Updates