Asia
Wynn Macau Reports Net Loss of US$280.6M in Q3 2020

Casino operator Wynn Macau has reported a net loss of US$280.6 million (MOP2.2 billion) in the third quarter (Q3) of 2020.
“In Macau, visitation restrictions have begun to gradually and thoughtfully ease, allowing us to achieve EBITDA break-even in October. We are confident that Macau will continue to benefit from the return of consumer demand as we head into 2021,” CEO Mathew Maddox said in a statement.
The group also reported US$35 million in Adjusted Property EBITDA losses for Q3 2020. Wynn Palace accounted for US$77.6 million and Wynn Macau HK$34.5 million.
As of September 30, Wynn Macau held US$2.28 billion in cash and cash derivatives, with US$5.96 billion in outstanding debt.
Brokerage Sanford C. Bernstein reported that in October, Wynn had a positive EBITDA of US$6 million. Mass rose to 40% of pre-COVID levels, and junket VIP to between 25% and 30%.
-
Asia3 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Latest News5 days ago
Cloudbet maps regional betting trends in August–September 2025
-
Latest News6 days ago
High Roller Launches New Online Casino Brand in Finland
-
Latest News6 days ago
NetBet Denmark expands its casino library by adding SYNOT Games as a provider
-
Central Europe6 days ago
Promatic Games and SYNOT Interactive Announce Strategic Partnership to Strengthen iGaming Expansion in Central and Eastern Europe
-
Asia5 days ago
PAGCOR chief pushes for stricter regulation, not online gaming ban
-
Conferences in Europe5 days ago
Strategies that Scale: Evoplay’s Alex Malchenko on Cracking the Code of Localised iGaming Success
-
Conferences in Europe5 days ago
New Gamification Academy at SBC Summit to Present Fresh Approaches to Player Engagement