{"id":24385,"date":"2021-11-10T08:54:41","date_gmt":"2021-11-10T11:54:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24385"},"modified":"2026-04-23T13:59:43","modified_gmt":"2026-04-23T16:59:43","slug":"wynn-macau-posts-operating-revenue-of-us312m-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-posts-operating-revenue-of-us312m-for-q3","title":{"rendered":"Wynn Macau posts operating revenue of US$312m for Q3"},"content":{"rendered":"\n

Wynn Macau Ltd has reported total operating revenue of US$312m for the third quarter of the year, down 34 per cent when compared to the previous quarter.<\/p>\n\n\n\n\n\n\n\n

Macau.- Wynn Resorts <\/strong>has shared its financial results for the quarter ended September 30. Its properties in Macau<\/a> registered a decline of 34 per cent quarter-on-quarter in total operating revenue, down from US$354.5m to US$312m.<\/p>\n\n\n\n

However, the figure was up from US$67.1m in Q3 2020, when the company was deeply affected by Covid-19 countermeasures. Wynn Macau Ltd<\/a> registered operating costs and expenses of US$405.7m for the quarter and operating losses of US$93.7m.<\/p>\n\n\n\n

It reported US$130.7m in operating revenue while adjusted property EBITDA was US$1.9m, compared with US$34.5m for the third quarter of 2020. <\/p>\n\n\n\n

VIP table games win as a percentage of turnover was 2.44 per cent, below the property’s expected range of 2.7 per cent to 3 per cent. Table games win percentage in mass market operations was 19.7 per cent, above the 18.7 per cent registered last year.<\/p>\n\n\n\n

Wynn Palace<\/strong> reported US$181.3m in operating revenues<\/strong>, an increase of US$165.6 when compared to the third quarter of last year. Adjusted Property EBITDA was US$12.1m, compared with US$77.6m for the third quarter of 2020. VIP table games win as a percentage of turnover was 4.45 per cent, above the property’s expected range of 2.7 per cent to 3 per cent.<\/p>\n\n\n\n

Table games win percentage in mass market operations<\/strong> was 21.8 per cent, below the 22 per cent registered in 2020.<\/p>\n\n\n\n

Matt Maddox to leave Wynn Resorts on January 31<\/h2>\n\n\n\n

Matt Maddox<\/a>, CEO of Wynn Resorts, has announced that he will leave the company on January 31, 2022. However, he will remain on the Wynn Macau Limited and Wynn Interactive Limited Boards through the end of 2022. <\/p>\n\n\n\n

Craig Billings, CEO of Wynn Interactive<\/strong>, who has served as president and CFO of Wynn Resorts, will become CEO of Wynn Resorts and a member of the board effective February 1, 2022.<\/p>\n\n\n\n

Philip G. Satre, chairman of the board at Wynn Resorts<\/strong>, said: \u201cMatt has done an incredible job as CEO since his appointment four years ago. He very successfully led the company through what could have been one of the most disruptive business transitions in decades.”<\/p>\n\n\n\n

Maddox said: \u201cThis has not been an easy decision. I am leaving a company that I love and that\u2019s full of people I admire. But I believe now is the right time for me and for the business. The last four years have been challenging but extremely rewarding, and I am incredibly proud that we accomplished so much.”<\/p>\n\n\n\n

He added: “We quickly resolved litigation that had distracted the company for seven years. We reorganized the company\u2019s leadership team and focused on our 28,000 employees<\/strong>, rebuilding and strengthening our powerful culture to focus on a common purpose: create and deliver the best guest experiences.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Macau Ltd has reported total operating revenue of US$312m for the third quarter of the year, down 34 per cent when compared to the previous quarter.<\/p>\n","protected":false},"author":176,"featured_media":24415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau Ltd reported Q3 operating revenue of US$312m, a 34% quarter-on-quarter decline, though significantly up year-on-year from COVID-19 impacts. The company registered operating losses of US$93.7m, with varied VIP and mass market table game win percentages across its properties. Concurrently, Wynn Resorts announced CEO Matt Maddox's departure, with Craig Billings appointed as his successor effective February 1, 2022.","focusai_entities":"Wynn Macau Ltd, Wynn Resorts, Wynn Interactive Limited, Matt Maddox, Craig Billings, Philip G. Satre","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Macau Market Recovery Outlook?","query":"What are the projected drivers for Wynn Macau's revenue recovery in the coming quarters, particularly concerning the VIP and mass market segments, given the current operational losses?"},{"label":"CEO Transition Impact?","query":"How is the transition from Matt Maddox to Craig Billings expected to influence Wynn Resorts' strategic direction, capital allocation, and operational focus, especially regarding its Macau and interactive divisions?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,20777],"class_list":["post-24385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24385"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24385\/revisions"}],"predecessor-version":[{"id":24392,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24385\/revisions\/24392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24415"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}