WYNN MACAU (1128.HK) 2024 Q4 earnings report review: performance exceeds expectations, non-gambling activities continue to diversify.

In Q4 2024, the company achieved a gross revenue of 0.93 billion USD, recovering 74.7% compared to the same period in 2019. Among them, VIP and mass (including slot machines) achieved gross revenues of 0.16/0.76 billion USD, with a quarter-on-quarter increase of 15.3%.

Soochow (International)Feb 17 18:32

Major brokerage rating | Macquarie: Slightly raises the Target Price for WYNN MACAU to HKD 8.7, with last season's performance exceeding expectations.

Macquarie published a Research Report indicating that due to a win rate higher than the average level, WYNN MACAU's revenue for the fourth quarter of the 2024 fiscal year increased by 1.3% year-on-year, while adjusted EBITDA decreased by 1.4% year-on-year, both exceeding the bank's expectations by 5% and 11% respectively. Macquarie noted that both hotels under WYNN MACAU have launched smart gaming tables, and management believes this will help improve operational efficiency. Notably, for the fourth quarter of the 2024 fiscal year, the daily operating expense running rate increased by 1.2% year-on-year, and the bank expects WYNN MACAU's management to continue to strictly control operating costs to maximize profit margins. Additionally, Macquarie will adjust WYNN MACAU's revenue for the 2025 fiscal year.

Gelonghui FinanceFeb 17 12:54 · Ratings

Singapore's "Marina Bay Sands" has been granted a loan of 12 billion Singapore dollars intended for the expansion of the casino resort.

Foreign media cited informed sources revealing that Singapore's Integrated Resort "Marina Bay Sands" has secured multiple loans totaling 12 billion Singapore dollars to fund its casino resort expansion plan, marking the largest financing of its kind in the local history. The report mentioned that the coordinating banks for this financing plan include DBS Group Holdings, Malayan Banking Berhad, OCBC Bank, and UOB, while the company attracted an additional 22 lending Institutions during the syndicate loan process. Furthermore, the expansion cost of the aforementioned Singapore casino resort is expected to rise from an estimated 3.4 billion dollars in 2019 to 8 billion dollars.

AASTOCKSFeb 17 12:25

WYNN MACAU (1128.HK): In Q4 2024, Gambling Gross Gaming Revenue (GGR) and EBITDA profit margins have rebounded after a decline.

The parent company of WYNN MACAU, WYNN Resorts (WYNN US), released its Earnings Reports for Q4 2024 after the market closed on February 13 in USA time. The stock price of WYNN US initially rose over 6% after hours but then fell back to 1%, mainly due to the company's revenue and earnings slightly exceeding market expectations, and the EBITDA in Las Vegas being relatively strong. We believe that for the Macau Business: 1) GGR for all Gambling businesses increased month-on-month, but the recovery excluding the mid-market is not on par with the Industry level; 2) The EBITDA Margin improved after three consecutive quarters of decline, which may indicate effective transformation towards high-margin business.

HTSCFeb 15 00:00 · Researches

WYNN MACAU (01128.HK): Gambling demand was balanced in the two weeks after the Spring Festival.

4Q24 performance exceeded expectations. WYNN MACAU announced 4Q24 results: net income of 0.927 billion USD, an increase of 2% year-on-year and 6% quarter-on-quarter, recovering to 83% of 4Q19; adjusted property EBITDA is 2.9.

China International Capital CorporationFeb 14 16:47

Citi: Downgrade WYNN MACAU (01128) to "Outperform" rating with a Target Price of 6.9 HKD.

WYNN MACAU has proposed this year's capital expenditure guidance of 0.3 billion USD.

Zhitong FinanceFeb 14 15:34 · Ratings