• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 29 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Wynn Macau Ltd says EBITDA back to positive through November as gaming floor turnover on the rise

Ben Blaschke by Ben Blaschke
Tue 15 Dec 2020 at 04:52
Wynn Macau

Wynn Macau

52
SHARES
1.3k
VIEWS
Print Friendly, PDF & Email

Macau gaming operator Wynn Macau Ltd says its gaming floor turnover has climbed to 47% of 2019 levels, with GGR up to 31% and Adjusted EBITDA back into positive territory during the first two months of Q4.

The company provided a business update overnight while announcing plans to conduct a new offering of additional notes to professional investors. Although no further details on the notes or the amount to be issued were provided, it represents the third such offering by Wynn Macau Ltd in 2020 following a US$750 million offering in June and subsequent US$850 million offering in August, which were consolidated to form a single series.

The company said in a filing that it “intends to use the net proceeds from the proposed offering to facilitate the repayment of a portion of the amounts outstanding under the Wynn Macau Credit Facilities.

“The Board believes that there would be significant benefit to the company in effecting the proposed issuance and using the net proceeds for the intended purpose as it would extend the maturity profile of the Group’s indebtedness and reduce the Group’s secured indebtedness.”

However, it also outlined much improved numbers since the start of October, having previously reported a 93.7% year-on-year decline in revenues in 3Q20 to US$67.1 million and an Adjusted EBITDA loss of US$112.1 million.

Between 1 October and 30 November 2020, Wynn Macau Ltd said its preliminary calculations showed total operating revenues of between US$258 million and US$262 million for the two-month period and Adjusted Property EBITDA in the range of US$13 million to US$15 million.

GGR was also back to 31% of 4Q19 levels with daily average table drop back to 47%. Operating expenses, excluding gaming taxes, were US$2.3 million compared to US$3 million during the fourth quarter of 2019, while hotel occupancy was 54.3% at Wynn Palace and 60.6% at Wynn Macau. Both were near 100% over the same period last year.

Wynn Macau Ltd said it currently has unrestricted cash and cash equivalents of US$2.1 billion at its disposal, including borrowing capacity of US$25.1 million under its Wynn Macau Revolver as of 20 November 2020. The company repaid an identical US$25.1 million amount in November.

RelatedPosts

Ponte 16 expecting government approvals for expansion “very soon”

Latest Ponte 16 assistance package could see Success Universe’s outstanding contributions reach US$107 million

Tue 29 Jul 2025 at 14:23
Team Spirit

SJM moves towards acquisition of Hengqin office space for new hotel development, adds another 5,000 square meters to plans

Mon 28 Jul 2025 at 18:01
Macau’s SJM to close satellite casino Grandview this Wednesday

Macau’s SJM to close satellite casino Grandview this Wednesday

Mon 28 Jul 2025 at 11:36
MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

Macau visitor arrivals rise 13.3% year-on-year to 2,891,003 in June

Fri 25 Jul 2025 at 05:45
Load More
Tags: adjusted ebitdaGGRgross gaming revenueMacauWynn MacauWynn Palace
Share21Share4
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Ponte 16 expecting government approvals for expansion “very soon”

Latest Ponte 16 assistance package could see Success Universe’s outstanding contributions reach US$107 million

by Ben Blaschke
Tue 29 Jul 2025 at 14:23

Hong Kong-listed Success Universe Group could see the total amount of financial assistance it has provided to Pier 16 – Property Development, the operator of Macau integrated resort Ponte 16, reach HK$839 million (US$107 million) under a 2025 Financial Assistance...

FBM Foundation brings relief to Philippine communities impacted by typhoons

FBM Foundation brings relief to Philippine communities impacted by typhoons

by Newsdesk
Tue 29 Jul 2025 at 13:41

FBM Foundation led a relief operation across Luzon on Sunday 27 February to support the communities affected by Typhoons Crising, Dante and Emong, the company said. Focusing on swift mobilization, FBM Foundation prepared and distributed 1,000 relief packages in Batangas...

IAG announces BRB at Solaire Resort Entertainment City as venue for final Manila After Dark Of 2025 on Fri 12 December

IAG announces BRB at Solaire Resort Entertainment City as venue for final Manila After Dark Of 2025 on Fri 12 December

by Newsdesk
Tue 29 Jul 2025 at 12:58

Inside Asian Gaming is pleased to announce that the next edition of networking social Manila After Dark (MAD 33) will be held at BRB (formerly known as Baccarat Room & Bar) at Solaire Resort Entertainment City on the evening of Friday 12...

Bally’s Corp unable to trademark name in Australia because local Sydney bowling club beat them to it

Bally’s Corp unable to trademark name in Australia because local Sydney bowling club beat them to it

by Newsdesk
Tue 29 Jul 2025 at 05:55

An attempt by US casino giant Bally’s Corp’s to trademark its name for potential use in Australia has been blocked because a local lawn bowling club known as “The Bally” has beaten them to it. Bally’s Corp is in the...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語