Serving The High-Rollers Of Macau

Serving The High-Rollers Of Macau
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Wynn Macau Limited is ranked as the second-largest gaming company in Macau by casino revenue, and no. 1 in terms of exposure to VIPs.

The company operates two casinos, Wynn Peninsula and Wynn Palace, in Macau.


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Wynn Macau Limited

The resorts are well-known for their luxurious design, which attracts high-rollers.

Business Description

Nearly all of Wynn’s revenue comes from its two casino operations in Macau; these are the Wynn Macau (Peninsula), and the newer Wynn Palace, which opened in 3Q16. Around 57% of casino EBITDA is derived from the Peninsula, and the rest from the Palace. Non-casino segments, at 5% of sales, include five restaurants, a spa, lounge and bar areas, and a convention center.

The number of hotel rooms and suites at the Peninsula casino exceeds 1,000, while that at the Wynn Palace is around 1,700. The majority of clients at the combined facilities come from China and Hong Kong. Peninsula caters largely to the mass market, and the company has plans to boost market share thereby increasing the number of hotel rooms, and improving the eating and drinking facilities.

Nearly all of Wynn's revenue comes from its two #casino operations in #Macau

Wynn Palace, located in the Cotai strip of Macau, is targeting the VIP market. This market segment has seen a significant recovery since the peak in the anti-corruption drive of the Chinese government in 2016. Wynn increased its VIP market share to 18% in 3Q17 from 14% in 3Q16.


Stephen A. Wynn is the founder of Wynn Resorts Ltd. and has been serving as the Chairman and the CEO of Wynn Macau since 2009. He has worked in the casino industry for over 40 years and holds directorships and other management positions in several subsidiaries of Wynn Resorts.

Stephen A. Wynn has been Chairman and CEO of Wynn #Macau since 2009

Ian Michael Coughlan was appointed the role of President of Wynn in 2009 after having served as the Director of Hotel Operations for Wynn resorts worldwide. He has a lot of experience in the industry and also holds a Diploma from Shannon College of Hotel Management, Ireland.

World Class Benchmarking

Profitable Growth dropped to become below average in 2016 from #1 in 2013 and 2014.

Profitability and Growth have also experienced a drop since 2013 but have recovered marginally in the past 12 months.

Profitable Growth at #Wynn dropped to become below average in 2016

Asset utilization has always been below average with some fluctuations while Profit margin has always been above average but with decreasing performance over the past couple of years.

Sales growth and Margin change have both stayed among the worst since 2014. However, Sales growth have recovered to the green in recent years.

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Dr. Andrew Stotz, CFA is the CEO of A. Stotz Investment Research, a company providing institutional investors with ready-to- invest portfolios in Asia that aim to beat the benchmark through superior stock selection. The company also provides buy- and sell-side clients with financial models to value any company in the world and World Class Benchmarking to determine what companies are financially world class. Previously, as Head of Research at CLSA, Andrew was voted No. 1 Analyst in Thailand in the Asiamoney Brokers Polls for 2008 and 2009. He was also voted No. 1 Analyst in Thailand in the 2009 Institutional Investor magazine All-Asia Research Team Report. Andrew earned his PhD in finance at the University of Science and Technology of China in Anhui province, with a focus on answering questions raised by fund managers and analysts during his career about picking stocks and managing portfolios. In addition, Andrew has been a lecturer in finance for 22 years at various universities in Thailand. Since 2013, he has been the president of the CFA Society of Thailand. He is also the author of How to Start Building Your Wealth Investing in the Stock Market.

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