{"id":25216,"date":"2021-12-06T09:33:36","date_gmt":"2021-12-06T12:33:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25216"},"modified":"2026-04-23T13:13:02","modified_gmt":"2026-04-23T16:13:02","slug":"wynn-macau-grants-share-options-to-five-non-executive-directors","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-grants-share-options-to-five-non-executive-directors","title":{"rendered":"Wynn Macau grants share options to five non-executive directors"},"content":{"rendered":"\n

Wynn Macau Ltd has announced that five non-executive directors have been granted new share options.<\/p>\n\n\n\n\n\n\n\n

Macau.- Gaming operator\u00a0Wynn Macau <\/strong>has announced it has granted a purchase option to five of its non-executive directors\u00a0<\/strong>to subscribe for an aggregate of ordinary shares at HKD6.92 each share. Chariman Alan Zeman<\/strong> was the largest individual beneficiary of the new share options, obtaining nearly 3.78 million options, which is slightly less than 42 per cent of the total shares. Others received more than 1.32 million options each.<\/p>\n\n\n\n

The share price of Wynn Macau hit a historical high of HK$16.44 on March 3. Its year year-to-date low was HK$5.90 on September 20. In November,\u00a0Wynn Resorts<\/a>\u00a0shared its financial results for the quarter ended September 30. Its\u00a0properties in Macau<\/a>\u00a0registered 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

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\u2019s 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

Craig Billings to lead Wynn Macau from February 1<\/h2>\n\n\n\n

Last month, Craig Billings\u00a0<\/strong>was selected to become CEO of Wynn Resorts and CEO of\u00a0Wynn Macau Ltd.<\/a>\u00a0from February 1, 2022. Billings joined Wynn Resorts as chief financial officer in March 2017.\u00a0He also served as the president of the company\u00a0<\/strong>and most recently as the CEO of Wynn Interactive.\u00a0<\/p>\n\n\n\n

He will replace Matthew O Maddox, who has been Wynn’s CEO since February 2018. However, Maddox will remain as a non-executive director of the company will end until December 31, 2022.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Macau Ltd has announced that five non-executive directors have been granted new share options.<\/p>\n","protected":false},"author":176,"featured_media":25239,"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 has granted new share options to five non-executive directors, including Chairman Alan Zeman, amidst a period of fluctuating stock performance. This corporate governance action follows Wynn Resorts' Q3 financial results, which reported a 34% quarter-on-quarter decline in Macau operating revenue and a significant drop in adjusted property EBITDA. Concurrently, Craig Billings is set to assume the CEO role for both Wynn Resorts and Wynn Macau Ltd, succeeding Matthew O Maddox.","focusai_entities":"Wynn Macau Ltd, Alan Zeman, Wynn Resorts, Craig Billings, Matthew O Maddox, Wynn Interactive","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Share Option Impact","query":"What is the projected dilution effect of these new share options on existing shareholders, and how does this align with Wynn Macau's long-term executive incentive strategy?"},{"label":"Macau Market Outlook","query":"Given the Q3 revenue decline and VIP win percentage underperformance, what are the key operational adjustments Wynn Macau plans to implement to improve GGR and NGR in the Macau market for the upcoming fiscal year?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906,20777],"class_list":["post-25216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25216","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=25216"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25216\/revisions"}],"predecessor-version":[{"id":25226,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25216\/revisions\/25226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25239"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}