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September 16, 2021

Macau gaming industry showing signs of recovery

Wynn Palace revenue could reach USD 4B by 2020, report shows

Wynn Palace revenue could reach USD 4B by 2020, report shows
In the first 2 full quarters of operations, Wynn Palace has generated nearly USD 500M in revenues and USD 100M in EBITDA per quarter. As a result, Wynn’s revenues and net income grew by 48% and 35%, respectively.
Macau | 05/25/2017

In the first 2 full quarters of operations, Wynn Palace has generated nearly USD 500M in revenues and USD 100M in EBITDA per quarter. As a result, Wynn’s revenues and net income grew by 48% and 35%, respectively.

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ccording to a report published by Forbes, Wynn Palace financial results are expected to grow even higher in the coming quarters as the Macau gaming industry has started to accelerate its growth in the last few months and reached 14% in April.

Mass Market gambling has grown in double digits for the last few quarters due to the rise of premium-mass gamblers in the asian region. Therefore, analysts expect a rebound in VIP gaming in the near term.

"We expect these to be the growth drivers of Wynn Palace in the coming years," pointed out Forbes analysis.

"In mass market gaming, average table drop has been around $20,000 per table, and we expect the average number of mass market tables at Wynn Palace to be close to 250. Thus, Wynn Palace’s mass market table drop could also exceed $4 billion by 2020. Similarly, with nearly 1100 slot machines and 1700 hotel rooms, Wynn Palace’s other revenues are are likely to reach around $2 billion by 2020."

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