other material
confidence high
sentiment positive
materiality 0.70
Wynn Macau (72% owned by WYNN) swings to 2023 profit of HK$1.17B; revenue surges 333%
WYNN RESORTS LTD
- Casino revenues HK$19.1B vs HK$3.7B in 2022; Adjusted EBITDA HK$6.62B vs -HK$1.95B.
- EPS basic HK$0.22 vs -HK$1.41; profit attributable to owners HK$1.17B vs -HK$7.34B loss.
- Macau market-wide GGR HK$177.73B in 2023 (+333.8% YoY) triggered 20% increase in non-gaming investment commitment.
- WRM now required to invest additional MOP3.30B in non-gaming projects over remaining 9-year concession.
- 10-year concession from Jan 2023 through Dec 2032; MOP17.73B total investment commitment (non-gaming MOP16.5B plus gaming).