Wynn Macau Sees Disappointing June Revenues
Last month Wynn Macau casino’s share of gross gaming revenue dropped to about 10% according to data from the Lusa news agency.
This means that Wynn is at the bottom place in the monthly revenue league table, just below MGM China Holdings which is on 11%. However, Steve Wynn, the chairman of Wynn Macau, said that the casino should be judged by ‘fair share’ based on the amount of tables and slot machines the casino has as a percentage of the whole of the market.
In the first quarter the casino had an average of 494 tables and 843 slots from a market total of 5,749 tables and 16,406 slots. Based on ‘fair share’ calculation the Wynn Macau had 8.59% of table revenue and 5.13% of slot revenue.
Based upon the same calculation MGM Macau is doing even better, it had a table revenue share of 7.37% and slot revenue share of 8.29%. However, MGM China Holdings’ stock closed down in Hony Kong by 0.24% while Wynn Macau’s stock rose 4.05%.