Wynn Macau Ltd<\/strong><\/em><\/a> has said the impact of the Coronavirus crisis will continue and is affecting its ability to pay dividends. <\/p>\n\n\n\n“[The] pandemic is currently having negative impacts on all aspects of our business,\u201d the company said in its 2019 annual report this week.<\/p>\n\n\n\n
Last month, Wynn revealed its board had decided not to recommend a final dividend for the calendar year 2019. <\/p>\n\n\n\n
Wynn Macau operates the Wynn Palace casino resort on Cotai and the Wynn Macau property in downtown Macau. <\/p>\n\n\n\n
While these properties are now open to the public, visitation levels remain low due to border restrictions with China. <\/p>\n\n\n\n
But the company said that even when travel\u00a0restrictions are lifted, demand for casino resorts\u00a0\u201cmay remain weak for a significant length of time\u201d. <\/p>\n\n\n\n
The firm added that it “cannot predict if and when our properties will return to pre-outbreak\u00a0demand or pricing. <\/p>\n\n\n\n
“In particular, demand for casino resorts may be negatively impacted by adverse changes.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The casino operator said the crisis will impact its business “for a significant lenght of time”.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 reports that the Coronavirus crisis continues to negatively impact all aspects of its business, leading to the suspension of its 2019 final dividend. Despite properties being open, low visitation due to border restrictions and anticipated weak demand post-lifting of travel curbs are expected to affect the operator for a significant duration, with no clear timeline for pre-outbreak demand or pricing recovery.","focusai_entities":"Wynn Macau Ltd, Wynn Palace, Wynn Macau","focusai_location":"Macau, China, Cotai","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9), supplier_vendor (0.8), marketing_crm (0.7)","focusai_suggestions":[{"label":"Macau recovery timeline?","query":"What specific economic indicators or policy changes are Wynn Macau monitoring to project a return to pre-outbreak demand and pricing levels in the Macau gaming market?"},{"label":"Dividend policy implications?","query":"Beyond the immediate crisis, what are the long-term implications of this dividend suspension on Wynn Macau's capital structure and future shareholder return strategies?"}],"footnotes":""},"categories":[160,157,161,16338],"tags":[29,257],"class_list":["post-5880","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-daily-news","category-east-asia-news","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5880","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5880"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5880\/revisions"}],"predecessor-version":[{"id":5897,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5880\/revisions\/5897"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}