{"id":35291,"date":"2022-11-10T12:49:21","date_gmt":"2022-11-10T15:49:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35291"},"modified":"2026-04-23T03:06:31","modified_gmt":"2026-04-23T06:06:31","slug":"wynn-macau-reports-us162-5m-net-loss-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-us162-5m-net-loss-for-q3","title":{"rendered":"Wynn Macau reports US$162.5m net loss for Q3"},"content":{"rendered":"\n<p>The results of operations of Wynn Macau in Q3 continued to be negatively impacted by travel restrictions.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-&nbsp;<strong>Wynn Macau Ltd&nbsp;<\/strong>has reported that its net loss widened from US$95.4m to <strong>US$162.5m<\/strong> in the third quarter of the year. Casino operations at Wynn Palace and Wynn Macau were&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-will-remain-closed-for-another-five-days\" target=\"_blank\">closed for 12 days in July<\/a> in response to an outbreak of Covid-19 in Macau.&nbsp;<\/p>\n\n\n\n<p><strong>Wynn Palace<\/strong> reported operating revenues of US$75.2m for the third quarter, down 58.3 per cent year-on-year. Adjusted Property EBITDA was US$21.8m, compared to US$12.1m for the third quarter of 2021.&nbsp;Casino revenues at Wynn Palace&nbsp;amounted to US$45.36m, down 66.2 per cent year-on-year.&nbsp;<\/p>\n\n\n\n<p>The VIP table games win as a percentage of turnover was 3.27 per cent, down from 4.45 per cent in the third quarter of 2021. Table games win percentage in mass market operations was 21.5 per cent, compared to 21.8 per cent.<\/p>\n\n\n\n<p><strong>Wynn Macau <\/strong>posted operating revenues of US$40.4m, down 69 per cent year-on-year. Adjusted property EBITDA was negative US$43.8m. Casino revenues at Wynn Macau&nbsp;fell by 76.8 per cent annually to US$22.83m.<\/p>\n\n\n\n<p><strong>Craig Billings<\/strong>, chief executive officer of Wynn Resorts, said: &#8220;In Macau, while Covid-related travel restrictions continued to negatively impact our results, we were pleased to experience encouraging pockets of demand during the recent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-received-182000-visitors-during-october-golden-week\" rel=\"noreferrer noopener\">October holiday period<\/a>. We remain confident that the market will benefit from the return of visitation over time.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results of operations of Wynn Macau in Q3 continued to be negatively impacted by travel restrictions.<\/p>\n","protected":false},"author":176,"featured_media":24843,"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 widened net loss of US$162.5m in Q3, primarily due to COVID-19 travel restrictions and a 12-day casino closure in Macau. Operating revenues for Wynn Palace and Wynn Macau significantly declined, with Wynn Macau posting negative Adjusted Property EBITDA. CEO Craig Billings expressed confidence in a market recovery driven by returning visitation.","focusai_entities":"Wynn Macau Ltd, Wynn Palace, Wynn Macau, Wynn Resorts, Craig Billings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Timeline?","query":"What specific visitation metrics and regulatory policy shifts are anticipated to drive the projected market recovery in Macau, and what is the estimated timeline for Wynn Macau to return to pre-pandemic GGR levels?"},{"label":"Operational Cost Efficiencies?","query":"Given the significant revenue contraction, what specific operational cost efficiencies and governance frameworks has Wynn Macau implemented to mitigate negative EBITDA and preserve capital during periods of reduced visitation?"}],"footnotes":""},"categories":[16338,163],"tags":[20777],"class_list":["post-35291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35291","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=35291"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35291\/revisions"}],"predecessor-version":[{"id":35318,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35291\/revisions\/35318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24843"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}