High Productivity at Wynn Macau and Faster Ramp-Up at Wynn Palace; Wynn Macau’s FVE Maintained
Net revenue for Wynn Macau rose 34% sequentially in the fourth quarter as Wynn Palace made its first full-quarter contribution, Wynn Macau delivered strong table productivity, and Wynn Palace ramped up faster than expected. The group’s VIP gaming market share on our estimate was 16.0% in the fourth quarter, versus 14.8% in the third quarter, while mass and slot market share was 10.4%, versus 7.8% in the third quarter. The combined adjusted EBITDA of the two properties rose 28% sequentially, but ...Wynn Macau is a holding company. Co. is a developer, owner and operator of destination casino gaming and entertainment resort facilities in Macau. Through its subsidiary, Wynn Resorts (Macau) S.A., Co. owns and operates the destination hotel and casino resort Wynn Macau in Macau. In addition, Co. is engaged in the development, design and preconstruction activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.