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Confident comparisons:Wynn Macau Limited is majority owned by Las Vegas-headquartered Wynn Resorts Limited and reportedly saw its overall earnings from the third quarter plummet by roughly 370% year-on-year to a loss of about 0.2% crash in operating revenues to just .’Reportedly read a statement from Maddox…“We were still seeing roughly 8% to 10% of our visitor volumes compared to pre-coronavirus levels....
Operator optimism:The Las Vegas Review-Journal reported that the revelation from Reeg came as part of an update on the casino firm’s third-quarter financial results to designate the Rio All-Suite Hotel and Casino as the last of its nine venues in the Nevada city to be re-opening following the earlier lifting of the state-mandated closure order.Reeg’s statement reportedly read…“If you look at the Caesars Forum convention center, which was open for about a day-and-a-half before everything shut down from coronavirus, it has 172 events, 1. Nevertheless, the executive purportedly sounded an optimistic note by proclaiming that mass-market table drop in Macau throughout October ‘was roughly 40% of our pre-coronavirus levels’ with turnover from junket operations sitting at ‘between 25% and 30%....
He purportedly furthermore pronounced that the firm had suspended its quarterly dividend programme in May ‘due to the financial impact of the coronavirus pandemic’ and was now keen to concentrateAccording to a report from GGRAsia, the prominent Hong Kong-listed firm used an official filing to detail that its performance over the course of the three months to the end of September continued to be negatively impacted by the ongoing coronavirus-related restrictions that have been severely limiting travel between Macau and mainland China since mid-February.”...
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