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Wynn Macau

March 3, 2023 80

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Wynn Macau

Wynn’s Macau subsidiary has reported a significant rebound in adj. EBITDA in the first two months of 2023, according to pre-announced Q1 earnings. The company noted particular strength in visitor numbers over the Chinese New Year, and trading post-holiday season has continued to be robust. The company’s Q1 revenues and adj. EBITDA figures are expected to exceed forecasts, with mass market table drop recovered to 95% of pre-pandemic levels and direct VIP turnover up 40%. Wynn’s GGR market share for Jan/Feb23 was 15%, above 2019 levels.

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