Company’s revenues in three months to 31 December 2022 dropped by 41.57% year-on-year from US$325.66 million to US$190.26 million.
Wynn Macau
Loss up 70% year-on-year while company’s EBITDA suffers US$65.6 million loss; Wynn Resorts CEO blames Covid-related travel restrictions.
Duo, who both work for Wynn in Macao, to face rivals from around the world in contest designed to raise professional standards.
MGTO, IFTM, Sands China and Wynn Macau all picked for outstanding contribution to tourism in region’s most prestigious annual awards.
The cuisine was included in the List of Intangible Cultural Heritage of Macau in 2012 and in the list of representative items of the National Intangible Culture last year.
Adjusted EBITDA was negative US$90.3 million for the second quarter, compared to a profit of US$67.6 million the previous year.
Effective 30 September 2022, industry veteran will be leaving Wynn Macau after more than five years to join Australia’s leading gaming group.
Outgoing president Ian Michael Coughlan leaves next February but will continue in advisory role; CEO hails successful transition.
CEO Craig Billings stresses company remains confident and market will bounce back once travel restrictions are relaxed.