{"id":777002240,"date":"2023-02-09T13:57:05","date_gmt":"2023-02-09T16:57:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002240"},"modified":"2026-04-23T00:47:53","modified_gmt":"2026-04-23T03:47:53","slug":"wynn-macau-reports-us181m-net-loss-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-us181m-net-loss-for-q4","title":{"rendered":"Wynn Macau reports US$181m net loss for Q4"},"content":{"rendered":"\n

Wynn Palace on the Cotai Strip recorded a loss of US$105.94m in the quarter.<\/p>\n\n\n\n\n\n\n\n

Macau.- Wynn Macau Ltd<\/strong> has shared its financial results for the fourth quarter of the year 2022. It’s reported MOP1.46bn ($181.13m) in net losses, mainly attributed to the Wynn Palace property on the Cotai Strip, which recorded a loss of US$105.94m in the quarter.<\/p>\n\n\n\n

Operating revenues for Wynn Palace<\/strong> were US$113.1m, a decrease of US$80.9m compared to the fourth quarter of 2021<\/a>, which saw revenues of US$194m. Revenue from the casino decreased 52.8 per cent year-on-year<\/strong> to US$68.91m, with VIP segment turnover falling 11.9 per cent to US$1.04bn and VIP table games winnings falling 96.4 per cent to US$1.11m.<\/p>\n\n\n\n

Adjusted property EBITDAR was US$23.9m during the period, up from US$1.4m in the same period in 2021. The mass market table games win fell 35.2 per cent to US$86.93m, while the slot machine win dropped 38.9 per cent to US$8.3m.<\/p>\n\n\n\n

Wynn Macau’s operating revenues were US$77.2m, a decrease of US$54.5m compared to the fourth quarter of 2021, which saw revenues of US$131.7m. Wynn Macau’s casino revenues <\/strong>decreased by 47.2 per cent to US$51.41m, while VIP turnover decreased by 49.9 per cent to US$429.57m and VIP table game wins decreased by 79.6 per cent to US$5.13m.<\/p>\n\n\n\n

Adjusted Property EBITDAR for Wynn Macau was US$35.2m, compared to US$24.5m in the same quarter of the previous year.  The mass table games win decreased by 40.2 per cent to US$54.7m, while the slot machine win increased by 13.9 per cent to US$7.9m.<\/p>\n\n\n\n

During the Q4 conference call, Craig Billings, CEO of Wynn Resorts<\/strong>, said: “In Macau, we were honoured to be awarded with a new 10-year gaming concession<\/a> during the quarter and were pleased to experience a meaningful return of visitation and demand during the recent Chinese New Year holiday period. We believe we are well-positioned for success in Macau\u2019s next phase of growth.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Palace on the Cotai Strip recorded a loss of US$105.94m in the quarter.<\/p>\n","protected":false},"author":176,"featured_media":25750,"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 substantial net losses of MOP1.46bn ($181.13m) for Q4 2022, primarily driven by Wynn Palace, which recorded a US$105.94m loss amidst significant year-on-year revenue declines across VIP, mass market, and slot segments. Despite the financial downturn, the company secured a new 10-year gaming concession in Macau and observed a meaningful return of visitation during the recent Chinese New Year holiday period, signaling optimism for future market growth.","focusai_entities":"Wynn Macau Ltd, Wynn Palace, Wynn Macau, Wynn Resorts, Craig Billings","focusai_location":"Macau, Cotai Strip","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Recovery","query":"What specific operational adjustments and capital expenditure plans is Wynn Macau implementing to capitalize on the anticipated \"next phase of growth\" following the new concession and recent visitation surge?"},{"label":"VIP vs. Mass Market","query":"Given the significant disparity in VIP and mass market revenue declines, what is Wynn Macau's revised strategy for optimizing its gaming mix and mitigating future volatility in the high-roller segment?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,20777],"class_list":["post-777002240","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\/777002240","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=777002240"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002240\/revisions"}],"predecessor-version":[{"id":777002277,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002240\/revisions\/777002277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25750"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}