{"id":27315,"date":"2022-02-16T13:48:30","date_gmt":"2022-02-16T16:48:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27315"},"modified":"2026-04-23T11:16:58","modified_gmt":"2026-04-23T14:16:58","slug":"wynn-macau-reports-us208-1m-net-loss-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-us208-1m-net-loss-for-q4","title":{"rendered":"Wynn Macau reports US$208.1m net loss for Q4"},"content":{"rendered":"\n

The Macau casino operator sees things looking up following Chinese New Year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Wynn Macau Ltd<\/strong> has reported US$208.1m in net losses<\/strong> for 2021 Q4, an increase from the US$179.8m loss reported in the previous quarter. However, casino revenues were up 4.7 per cent in the last quarter to US$243.2m, helping operating revenues jump 4.3 per cent quarter-on-quarter to US$325.6m.<\/p>\n\n\n\n

Adjusted property EBITDA from Wynn Palace<\/strong> was -US$1.4m and from Wynn Macau<\/strong> -US$24.5m, with total operating losses contracting 13 per cent to US$81.5m. Wynn Macau saw its revenues rise 32 per cent year-on-year in 2021 to US$626m, with adjusted property EBITDA recovering from a negative US$87.1m in 2020 to a positive US$4.2m by the end of last year.<\/p>\n\n\n\n

Operating revenues at Wynn Palace fell 12.4 per cent year-on-year to US$194m. At peninsula property Wynn Macau, operating revenues fell 27.6 per cent to US$131.7m.<\/p>\n\n\n\n

During the 4Q conference call, Craig Billings, CEO of Wynn Resorts<\/strong>, said: \u201cIn Macau, we remain confident that the market will benefit from the return of visitation over the coming quarters.<\/p>\n\n\n\n

He added: \u201cAs we have seen before when Macau is more accessible, demand snaps right back.\u201d<\/p>\n\n\n\n

Billings also mentioned figures for Chinese New Year<\/a>. He said: \u201cDuring the holiday period, turnover per day in our direct program was up nearly 175 per cent from 2021 and down only 12 per cent from Chinese New Year 2019.\u201d<\/p>\n\n\n\n

See also:<\/strong> Macau GGR will reach US$12.5bn this year, according to Wynn Macau<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Macau casino operator sees things looking up following Chinese New Year.<\/p>\n","protected":false},"author":226,"featured_media":26708,"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 a Q4 2021 net loss of US$208.1m, despite a 4.7% QoQ increase in casino revenues to US$243.2m. The operator's full-year 2021 revenues rose 32% to US$626m, with adjusted property EBITDA turning positive. Management expresses confidence in Macau's market recovery, citing strong Chinese New Year visitation and a projected US$12.5bn GGR for 2022.","focusai_entities":"Wynn Macau Ltd, Wynn Resorts, Craig Billings","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific visitation metrics and policy changes underpin Wynn Macau's US$12.5bn GGR projection for 2022, and how does this align with broader market consensus?"},{"label":"Operational Cost Structure","query":"Given the continued net losses despite revenue growth, what specific operational cost efficiencies or structural adjustments are being implemented to improve EBITDA margins at Wynn Palace and Wynn Macau?"}],"footnotes":""},"categories":[16338,163,158],"tags":[20777],"class_list":["post-27315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27315","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27315"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27315\/revisions"}],"predecessor-version":[{"id":27329,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27315\/revisions\/27329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26708"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}