JP Morgan Securities expects Wynn Macau\u2019s EBITDA to be down 11.7 per cent quarter-on-quarter.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at JP Morgan Securities have predicted that Wynn Macau operations generated property-level earnings before interest, taxes, depreciation, amortisation, and rent (EBITDAR) of approximately US$300m in the second quarter of 2024. The figure would be down 11.7 per cent quarter-on-quarter and below the analysts’ previous estimate of US$313m.<\/p>\n\n\n\n
Joseph Greff, Ryan Lambert, and Samuel Nielsen also raised forecast for Wynn Macau’s share of second-quarter market-wide GGR to 13 per cent at MOP56.43bn (US$7.02bn). They expect property-level net revenues of US$935m for the three months ending June 30.<\/p>\n\n\n\n
In the first quarter of this year, Wynn Macau<\/a> reported operating revenue of US$998.6m, up 9.7 per cent sequentially and up 66.4 per cent\u00a0when\u00a0compared to last year<\/a>.\u00a0The company recorded adjusted earnings before interest, taxation, depreciation, amortisation, and rent\u00a0(EBITDAR) of US$339.6m, up 14.3 per cent\u00a0sequentially\u00a0and 118 per cent from the prior-year period.<\/p>\n","protected":false},"excerpt":{"rendered":" JP Morgan Securities expects Wynn Macau\u2019s EBITDA to be down 11.7 per cent quarter-on-quarter.<\/p>\n","protected":false},"author":176,"featured_media":26502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities has adjusted its Q2 2024 financial outlook for Wynn Macau, forecasting an 11.7% sequential decline in property-level EBITDAR to US$300m, below prior estimates. Concurrently, the firm has increased Wynn Macau's projected share of the Macau market-wide GGR to 13%, anticipating net revenues of US$935m for the quarter, following a robust Q1 2024 performance with significant sequential and year-over-year growth in operating revenue and EBITDAR.","focusai_entities":"JP Morgan Securities, Wynn Macau, Joseph Greff, Ryan Lambert, Samuel Nielsen","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":"Q2 Performance Drivers","query":"What specific operational factors or market conditions are JP Morgan analysts attributing to the projected sequential decline in Wynn Macau's Q2 EBITDAR, despite an anticipated increase in GGR market share?"},{"label":"Capital Allocation Strategy","query":"How might Wynn Macau's management adjust its capital allocation strategy or operational expenditure in response to these revised Q2 financial forecasts and the broader Macau market outlook?"}],"footnotes":""},"categories":[16338,163],"tags":[20777],"class_list":["post-777017280","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\/777017280","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=777017280"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017280\/revisions"}],"predecessor-version":[{"id":777017301,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017280\/revisions\/777017301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26502"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}