CEO Craig Billings said he saw ‘particular strength’ in the group’s mass gaming, luxury retail and hotel businesses in Macao.
Wynn Macau
Macao’s six concessionaires have each been given a maximum number of operators they are allowed to work with, with Sands China and SJM allocated the most.
In reporting its results, the company drew attention to the ongoing recovery of Macao’s gaming sector and ‘future opportunities for us to invest and grow.’
Craig Billings, CEO of Wynn Resorts, said the company was ‘well-positioned for success in Macau’s next phase of growth’.
Tourism officials hope that the number of visitors during the customary mainland Chinese holiday will exceed those welcomed during Easter.
The exclusive facilities seem to have been set up in response to official calls for Macao to reduce its dependence on the mainland Chinese gaming market.
The territory’s top tourism official says she expects the territory to post healthy visitor totals throughout the holiday period.
MGM China is about to exceed pre-pandemic gaming revenues for this quarter, analysts say, while Wynn Macau is gaining significant market share.
The concessionaire highlighted the impact of the pandemic and said it was ‘unable to reasonably predict’ if future restrictions would affect its business in the future.
