Sunday, December 8, 2024

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Wynn Macau faces weaker non-gaming revenue amid stiff competition

Wynn Macau reported weak non-gaming revenues in its 3Q24 results, reflecting persistent headwinds in key segments such as hospitality and retail, say analysts.

Wynn Macau secures three-year loan extension to September 2028

Wynn Macau, a casino operator in Macau, announced that its lenders have agreed to extend the maturity date of a portion of its outstanding loans under an existing revolving credit facility.

Business owners call for changes over Wynn Macau’s old district revitalization plan

Business owners surrounding Rua da Felicidade are calling for changes to Wynn Macau’s old district revitalization plan, which supports the city government’s initiative to pedestrianize the area.

Strong 2Q24 for Wynn Macau, with mass leading as VIP falls further

Wynn Resort’s Macau operations saw some $885.3 million in revenue during the second quarter, with rises from both its Macau peninsula and Cotai property – up by $35.7 million and $79.7 million yearly, respectively.

Wynn Macau 2Q24 forecast trimmed due to market share loss: DB

Deutsche Bank has trimmed Wynn Macau’s 2Q24 forecast due to market share loss to rival Galaxy Entertainment.

Wynn Macau board to review semi-annual dividend policy adjustment

Macau gaming operator Wynn Macau announced that its board has approved amendments to the company’s existing dividend policy, effective immediately. 

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.

Wynn Macau grants shares to 151 employees and one executive director

Macau gaming operator Wynn Macau has granted 151 employees and executive director Frederic Jean-Luc Luvisutto the option to subscribe for an aggregate of 6,977,787 ordinary shares of HK$0.001 each.

Wynn Macau 4Q23 EBITDA margin near 10-year high: JP Morgan 

Analysts from JP Morgan indicate that Wynn Macau’s 4Q23 EBITDA margin was near its 10-year highs thanks to 'strong cost control and growth in mass.’

Wynn Macau announces salary increase of up to 6%

Wynn Macau is the latest to report a salary increase for staff, of up to 6 percent, effective March 1st.

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