WYNN MACAU News

Wynn Macau's Q4 Pre-Tax Earnings Fall

MT NewswiresFeb 13 22:13 ET

[Hong Kong Stock Connect] WYNN MACAU (01128) reported fourth-quarter Operating income of 0.3637 billion USD, a year-on-year decline of 5.83%.

Jinwu Financial News | WYNN MACAU (01128) announced that for the fourth quarter of 2024, WYNN MACAU's operating income is 0.3637 billion USD, a decrease of 22.5 million USD compared to 0.3862 billion USD in the fourth quarter of 2023, representing a year-on-year decline of 5.83%. The adjusted property EBIDTAR for the fourth quarter of 2024 is 0.1082 billion USD, while it was 0.1258 billion USD in the fourth quarter of 2023. The winning percentage of table games in the mid-market segment is 17.9%, which is lower than the 19.1% recorded in the fourth quarter of 2023. The winning percentage for VIP table games as a percentage of the turnover is 5.01.

Jinwu Financial NewsFeb 13 19:37 ET

WYNN MACAU (01128): The controlling Shareholder Wynn Resorts, Limited continues to show strong overall Business performance in the fourth quarter and throughout the year 2024.

WYNN MACAU (01128) announced that its controlling Shareholder, Wynn Resorts, Limited...

Zhitong FinanceFeb 13 19:29 ET

Wynn Macau Reports Unaudited 2024 Financial Results From Parent Company

TipRanksFeb 13 19:10 ET

MGM CHINA (02282) rose 4.43%, leading the Macau Casino sector. Morgan Stanley indicates that Macau Casino stocks have been over-corrected.

King Wu Financial News | MGM CHINA (02282) reported a 27.15% year-on-year increase in total revenue, driving the stock price up by 4.43%, leading the Macau Casino sector. Additionally, MELCO INT'L DEV (00200) rose by 3.38%, Sands China (01928) increased by 3.65%, SJM HOLDINGS (00880) went up by 3.43%, GALAXY ENT (00027) added 2.44%, and WYNN MACAU (01128) climbed by 1.95%. JPMorgan stated that it believes the Macau Casino stocks have been excessively corrected (down 12% year-to-date while the Hang Seng Index has risen by 6%), but before the market expectations are fully reset, establish.

Jinwu Financial NewsFeb 12 20:40 ET

Wynn Macau Downgraded to Neutral From Buy at Citi

TipRanksFeb 10 04:55 ET · Ratings

CITIC Securities: Upgraded PARADISE ENT's rating to a highly confident "outperform the market" with a Target Price of 1.6 HKD.

CITIC Securities released a research report stating that based on current prices, it maintains PARADISE ENT (01180) Target Price at HKD 1.6 and upgrades the rating to a high conviction of "outperforming the market." Additionally, it maintains investment forecasts, with the company still expected to achieve a dividend yield of 13.6-14% per year. According to the firm's estimates, PARADISE ENT's 2024 table game yield ranks only after WYNN MACAU (01128) and MGM CHINA (02282), benefiting from the casino-friendly economy of live mixed gaming machine (LMG) terminals. The firm indicated that the group's resilience may continue, and it is a relative beneficiary of Macau's current gambling laws.

Sina Hong Kong StocksFeb 7 02:06 ET

Lyon: Macau's total Gambling revenue in January was lower than expected. The industry's preferred choices are Sands China and GALAXY ENT.

Lyon released a research report stating that Macau's total Gambling revenue in January this year reached 18.3 billion patacas, which is 6% lower than expected and shows unsatisfactory performance. Additionally, during the period from January 29 to 31, Macau averaged only 0.1506 million visitors per day, indicating low visitor numbers. Although Lyon's forecast for Macau's total Gambling revenue this year is still 2% lower than the general market expectations, the bank believes that as Consumer confidence increases, growth will only accelerate, with this situation expected to occur by 2026. The bank has lowered its profit forecast for GALAXY ENT (00027) and simultaneously reduced its Target Price for H shares from HKD 46.5.

Sina Hong Kong StockFeb 5 01:53 ET

Lyon: Macau's total gambling revenue in January was below expectations. The industry prefers Sands China (01928) and GALAXY ENT (00027).

Lyon expects that the EBITDA for Silver Entertainment, WYNN MACAU (01128), Melco Resorts and Entertainment (MLCO.US), MGM CHINA (02282), and SJM HOLDINGS (00880) will increase by 3% quarter-on-quarter in the fourth quarter of 2024.

Zhitong FinanceFeb 5 00:43 ET

Hong Kong stocks fluctuate | Macau Casino continue to decline, MGM CHINA (02282) falls nearly 4%, and January gaming revenue in Macau falls short of expectations.

Macau Casino stocks continue to decline. As of the time of writing, MGM CHINA (02282) is down 3.76%, priced at 10.24 HKD; WYNN MACAU (01128) is down 3.44%, priced at 5.33 HKD; SJM HOLDINGS (00880) is down 2.1%, priced at 2.33 HKD.

Zhitong FinanceFeb 3 22:25 ET

Macau Casino stocks weakened at the start; GALAXY ENT (00027) dropped by 4.96%. In January, Macau's gaming revenue fell by 5.6% year-on-year.

King Wu Financial News | Macau Casino stocks weakened in early trading. As of the time of writing, GALAXY ENT (00027) fell by 4.96%, SANDS CHINA LTD (01928) dropped by 4.73%, MGM CHINA (02282) decreased by 3.66%, and WYNN MACAU (01128) declined by 2.64%. In terms of news, the Macao Gaming Inspection and Coordination Bureau announced that the gaming revenue in January was 18.254 billion Macanese Patacas, a year-on-year decrease of 5.6%; month-on-month, it rose by 0.29%. In December of last year, the gaming revenue was 18.202 billion Patacas, a year-on-year decrease of 2%, and a month-on-month decline of 1.28%, marking the full recovery of Macau post-pandemic.

Jingu Financial NewsFeb 2 20:47 ET

What Investors Need to Know About the Macau Casino Sector

Seeking AlphaFeb 1 09:57 ET

Express News | Macau Says January Gambling Revenue Down 5.6 Pct From a Year Earlier to 18.3 Bln Patacas

ReutersFeb 1 00:09 ET

These Stocks May Get a Lift From a Bustling Chinese New Year Holiday Period

Seeking AlphaJan 29 12:03 ET

Hong Kong stocks in fluctuation | Macau Casino stocks are up across the board as Macau welcomes a new surge in inbound and outbound tourist flow. Goldman Sachs has an optimistic outlook on the Industry for the fiscal year 2025.

Macau Casino stocks are rising across the board. As of the time of writing, GALAXY ENT (00027) is up 3.94%, at 33 HKD; Sands China (01928) is up 1.66%, at 18.34 HKD; MGM CHINA (02282) is up 1.71%, at 10.72 HKD.

Zhitong FinanceJan 26 21:40 ET

Macau Casinos Prep for Strong Chinese New Year Traffic

Seeking AlphaJan 22 06:57 ET

WYNN MACAU issued 5.3273 million shares as reward shares.

WYNN MACAU (01128) announced that on January 21, 2025, the company will grant awards under its employee share ownership plan to several employees of the group (including an executive Director) to subscribe for a total of 5.3273 million ordinary shares with a par value of HKD 0.001 each, accounting for approximately 0.10% of the company's issued share capital as of the date of this announcement, but this is subject to acceptance by the selected participants to take effect.

Sina Hong Kong stocksJan 21 19:35 ET

Wynn Macau Grants Employee Ownership Awards to Boost Alignment and Retention

TipRanksJan 21 05:38 ET

WYNN MACAU (01128.HK) granted a total of 5.327 million shares as reward shares.

On January 21, Gelonghui reported that WYNN MACAU (01128.HK) announced that on January 21, 2025, the company will grant awards to several employees of the group (including one Executive Director) under its Employee Share Ownership Plan, entitling them to subscribe for a total of 5.327 million ordinary shares with a par value of HKD 0.001 each, accounting for approximately 0.10% of the company's issued share capital as of the date of this announcement. The Employee Share Ownership Plan aims to (i) establish common interests between eligible participants and the company and its Shareholders as a whole; (ii) incentivize and attract eligible participants to enhance the company's and eligible participants' interests.

Gelonghui FinanceJan 21 05:23 ET

Major banks rating | Goldman Sachs: Holds a positive view on the Macau Gambling Industry, with a more favorable outlook for the 2025 fiscal year.

Goldman Sachs released a research report indicating that the stock prices of the Macau gaming industry fell by an average of 7% over the past month, similar to the performance of other travel industry shares, with Sands China experiencing the largest decline, which totaled 15%. This is also consistent with Sands' weaker market share performance compared to expectations in December last year.

Gelonghui FinanceJan 20 23:31 ET