Macau casino revenue falls short of expectations on post-Chinese New Year slowdown [Seeking Alpha]
Wynn Resorts, Limited (WYNN)
Last wynn resorts, limited earnings: 2/6 04:03 pm
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The timing of the Chinese New Year impacted the comparison to a year ago. The GGR tally was short of the consensus estimate for a rise of 92% and fell about 27% below the pre-pandemic level seen in 2019. The February GGR mark was also down 4% from the GGR churned up in January. Analysts think Chinese mass-market consumers may have turned more cautious over the last month and pointed to some pressure with the VIP segment as well. "Post-lunar new year demand seems to have slowed down a bit more than what we would have liked to see," updated analyst J.P. Morgan DS Kim. For the first two months of the year, Macau gross gaming revenue is up 72.7% from a year ago to 37.8B patacas. Macau-related casino stocks: Wynn Macau ( OTCPK:WYNMF OTCPK:WYNMY ), Wynn Resorts ( WYNN ), Sands China ( OTCPK:SCHYY OTCPK:SCHYF ), Las Vegas Sands ( NYSE: LVS ), MGM China ( OTCPK:MCHVF OTCPK:MCHVY ), MGM Resorts ( MGM ), Galaxy Entertainment ( OTCPK:GXYEF ), SJM Holdings ( OTCPK:SJMHF OTCPK:SJMHY ), Melco
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WYNN
Earnings
- 2/7/24 - Beat
WYNN
Sec Filings
- 4/26/24 - Form 8-K
- 4/19/24 - Form 4
- 3/20/24 - Form ARS
- WYNN's page on the SEC website