{"id":777012780,"date":"2024-01-31T08:41:08","date_gmt":"2024-01-31T11:41:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012780"},"modified":"2026-04-22T13:30:21","modified_gmt":"2026-04-22T16:30:21","slug":"fitch-upgrades-wynn-resorts-outlook","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/fitch-upgrades-wynn-resorts-outlook","title":{"rendered":"Fitch upgrades Wynn Resorts outlook"},"content":{"rendered":"\n<p>Wynn Resorts has scored a BB- rating.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Fitch Ratings<\/strong>\u00a0has assigned Wynn Resorts and its subsidiaries, including\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-announced-a-pay-rise-for-its-employees\" target=\"_blank\" rel=\"noreferrer noopener\">Wynn Macau<\/a>, a BB- issuer default rating for the first time. It also updated its outlook to &#8220;stable&#8221;, anticipating an upswing in Macau&#8217;s gaming market.<\/p>\n\n\n\n<p>Wynn Resorts operates two casinos in Macau: Wynn Macau casino resort on the city&#8217;s peninsula and Wynn Palace on Cotai. The institution stated that the strong rebound in Macau gaming revenues since travel restrictions were lifted in early 2023 was a key driver of Wynn&#8217;s overall credit improvement.\u00a0<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-333-8-in-2023\" rel=\"noreferrer noopener\">Macau GGR up 333.8% in 2023<\/a><\/p>\n\n\n\n<p>Fitch estimates that Macau&#8217;s mass-market baccarat has almost fully recovered to 2019 levels, particularly in the premium mass, which is Wynn&#8217;s target market.\u00a0The ratings agency observed that <strong>mass-market baccarat was at 91 per cent of full-year 2019 levels<\/strong> and that fourth-quarter levels exceeded those of the fourth quarter of 2019.<\/p>\n\n\n\n<p>Visitation and airline capacity in Macau remain below 2019 levels, and an increase in those metrics is expected to provide revenue growth in the near term, analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wynn Resorts has scored a BB- rating.<\/p>\n","protected":false},"author":176,"featured_media":32939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings has assigned Wynn Resorts and its subsidiaries, including Wynn Macau, a BB- issuer default rating with a \"stable\" outlook. This credit improvement is primarily driven by the robust recovery of Macau's gaming revenues, particularly in the mass-market baccarat segment, which has neared 2019 levels. The rating anticipates further revenue growth as visitation and airline capacity continue to improve.","focusai_entities":"Wynn Resorts, Wynn Macau, Fitch Ratings, Wynn Palace","focusai_location":"Macau, Cotai","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Wynn's Capital Structure Impact?","query":"How will the BB- rating and stable outlook impact Wynn Resorts' cost of capital and its capacity for future debt financing or strategic investments in new gaming verticals or jurisdictions?"},{"label":"Macau GGR Recovery Sustainability?","query":"What are the underlying drivers of the premium mass baccarat recovery in Macau, and what are Fitch's projections for the sustainability of these GGR trends amidst evolving regulatory and competitive landscapes?"}],"footnotes":""},"categories":[157,16338],"tags":[20777],"class_list":["post-777012780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012780","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=777012780"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012780\/revisions"}],"predecessor-version":[{"id":777012797,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012780\/revisions\/777012797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}