Wynn Macau

    Website: http://www.wynnmacau.com/

    Email: [email protected]

    Address: Rua Cidade de Sintra, NAPE, Macau

    Wynn Macau opened in Sept. 2006 and was extended the following year. It incorporates about 265,000 sq. ft of casino space, and two luxury hotel towers with a total of 1,008 spacious rooms and suites. The property in central Macau also has 54,200 sq.ft. of high-end retail space and eight restaurants. Other non-gaming facilities include two health clubs, spas, and pool.


    Ian Coughlan

    President and executive director Wynn Macau
    Linda Chen

    Linda Chen

    Ms. Linda Chen, is the Vice-Chairman, Chief Operating Officer and Executive Director of the Company, President and Executive Director of WRM, and President of Wynn International Marketing, Ltd.. Ms. Chen is responsible for global marketing and strategic development of Wynn Resorts, Limited. Ms. Chen is also the creator of “Wynn Care” — a corporate outreach initiative focused on social and charitable volunteer activities designed to benefit the greater Macau community. Ms. Chen was appointed as the Vice-Chairman of the Company in April 2018, has been President of WRM since March 2017, Executive Director and Chief Operating Officer of the Company since September 2009, and Chief Operating Officer of WRM since June 2002. Ms. Chen played an integral role in the openings of Wynn Resorts, Limited’s three integrated resorts, including Wynn Las Vegas, Wynn Macau and Wynn Palace. She was also in charge of establishing Wynn International Marketing, Ltd.. She served as Director of Wynn Resorts, Limited from October 2007 to December 2012. Prior to joining Wynn Resorts, Limited, Ms. Chen was Executive Vice President of International Marketing for MGM Mirage from June 2000 to May 2002, responsible for the global marketing development of the three integrated resorts MGM Grand, Bellagio and The Mirage. Ms. Chen was involved in the opening of Bellagio in 1998 and served as the Executive Vice President of International Marketing. Prior to that, she was part of the opening team for the MGM Grand in 1993 and The Mirage in 1989. Currently, Ms. Chen is a member of the Nanjing Committee of the Chinese People’s Political Consultative Conference (Macau), a Director of the Macau Chamber of Commerce, and a member of the Tourism Development Committee, Government of Macao S.A.R., as well as a member of the Cultural Industries Committee, Government of Macao S.A.R.. Ms. Chen holds a Bachelor of Science Degree in Hotel Administration from Cornell University in 1989.

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    Fitch’s Alex Bumazhny said that the firm is projecting approximately a 5 percent decline in Macau gaming revenue for 2016. Year-to-date revenues are down 9.1 percent, but there are softer year-on-year comparisons ahead, plus the market should get a boost from the Wynn Palace and The Parisian openings, Bumazhny, Fitch’s senior director, corporate ratings – […]

    Macau gaming table cap already surpassed: Daiwa

    The Macau government may have already surpassed the number of gaming tables it had planned to allocate by the end of 2017, according to analysts at Daiwa. Given the government’s three percent cap on gaming table growth, and looking at the number of gaming tables allocated so far, the analyst believes that the maximum number […]

    Wynn Palace cannibalization underestimated: MS

    Wynn Palace’s cannibalization of its Peninsula casino’s premium mass and VIP businesses is underestimated, said brokerage Morgan Stanley in a note on Sunday. In its recent Macau trip, the brokerage said it was also concerned with the ramp up of Wynn Palace, which could be slower than expected due to slow market growth and a […]

    Wynn Macau to defend lawsuits related to Dore scandal

    Wynn Macau has been named a defendant in the Macau Court of First Instance by individuals who claim to be investors in or person with credit in accounts maintained by junket operator Dore Entertainment Company Limited. In an interim results filing for 16H1, Wynn Macau said the lawsuits are in connection with the alleged theft […]

    Wynn Macau profit down 20.6 percent in 16H1

    Casino operator Wynn Macau has reported a decline in profit attributable to owners, down 20.6 percent year-on-year, according to its interim results for the six months ended June 30, 2016. In its filing, the company posted profit attributable to owners at HK$1.1 billion. According to Wynn Macau, the decrease was “primarily due to lower gaming […]

    Wynn Palace to get 150 tables: Lionel Leong

    Macau’s Secretary for Economy and Finance, Lionel Leong, today announced that the government will allocate 150 tables to Wynn Macau for Wynn Palace which is due to open on Aug. 22  this year. It will then be allocated 25 more tables next January and another 25 tables on January 1, 2018. This amounts to a […]

    Hype driving short-term rally, warns analysts

    Analysts have warned against over-enthusiasm for Macau casinos, after short-term rallies were observed in the sector. Morgan Stanley’s Praveen Choudhary said the short-term rallies seen in the sector over the past three days were “unsustainable, as fundamentals have not improved”. Sands China saw its shares rise 6 percent after it reported its second quarter results, […]

    Wynn Palace application for gaming tables under review

    Gaming operator Wynn Macau has already filed its application for gaming tables and slot machines for its Wynn Palace project, said DICJ director Paulo Martins Chan. Speaking to local media on the sidelines of a forum on Sunday, Chan said his bureau was already reviewing the application. The director did not mention the number of […]

    Lawsuit against Wynn Resorts board dismissed

    The 9th Circuit Court of Appeals has upheld the dismissal of a lawsuit against Wynn Resorts board members concerning the donation of $135 million to the University of Macau Development Foundation in 2011. The lawsuit was filed in 2012 by the Louisiana Municipal Police Employees’ Retirement System, a shareholder of Wynn Resorts. The lawsuit alleged […]

    Wynn Macau to hand out ‘summer bonus’

    Casino operator Wynn Macau has announced it will be issuing its staff a ‘summer bonus’ on July 15, according to a press release from the company. The bonus will be equivalent to the employee’s’ monthly salary, with over 9,000 staff members eligible for the summer bonus. However, senior management for the company are not covered […]

    Wynn Palace to feature famed Tulips Sculpture

    Wynn Resorts (Macau) has entered into a purchase agreement with Wynn Design and Development to purchase the world famous Tulips Sculpture and the Amphora III. The Tulips Sculpture and the Amphora III, which have been displayed at the Wynn Las Vegas resort to this date, were acquired by the Macau subsidiary for $33 million and […]

    Macau tightens AML rules

    Macau has introduced new anti-money laundering rules for its gaming industry, which have been effective since May 13, local media reports. The tightened rules come at a time when junkets and casinos are facing increased scrutiny and higher entry requirements in the region. The new measures include providing “adequate” risk management systems, keeping daily records […]

    Legislative Assembly largely in favor of smoking lounges

    Macau’s Legislative Assembly has voted in favor of smoking lounges instead of a total smoking ban in the city’s gaming venues, local media reports. According to the chairman of the Legislative Assembly sub-committee, Chan Chak Mo, quoted by Lusa, only two members of the committee supported the implementation of a full smoking ban in the […]

    Further cost cutting will prove challenging: Deutsche Bank

    Whilst Macau’s operators have employed cost mitigation and labor shifts, any further cost cutting will prove challenging given new supply and flattish revenue, said Deutsche Bank in a research report. According to the brokerage, the key to the Macau market will shift to how new supply is absorbed from an EBITDA perspective. “At present, we […]

    Fitch affirms ‘BB’ IDR for Wynn Resorts

    Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of Wynn Resorts at ‘BB’, with a ‘Stable’ Rating Outlook, according to a press release on Tuesday. “Fitch’s affirmation of WYNN and the Stable Outlook reflect our view that WYNN has a relatively clear glide path to reduce leverage to levels more commensurate with its ‘BB’ […]

    Gold Moon Group ceases VIP operation at Wynn Macau

    Macau junket operator Gold Moon Group has reportedly ceased its operation in Wynn Macau from May 21, according to labor group Forefront of Macau Gaming (FMG). The internal notice sent from the junket to its workers was posted online by FMG, stating the closure was due to Wynn Macau’s decision to “terminate its co-operation with […]

    Asia Gaming Awards winners announced

    The final winners in the Asia Gaming Awards were announced last night at a stunning Gala Dinner and Award Ceremony held at The Venetian Macao. The Asia Gaming Awards, hosted by Asia Gaming Brief in association with G2E Asia and The Innovation Group, recognized the best of the best in ten Award categories spanning the […]

    Phone betting ban likely in Macau

    Sources citing an official DICJ/Finance Department instruction have said that phone betting is likely to be banned in Macau, perhaps as early as next week. The instruction is believed to have been delivered, or will be delivered to all Macau operators. Phone betting is the practice of an agent (junket) or third party placing a […]

    Operators confident of 9 percent non-gaming revenue goal

    SJM’s Angela Leong On Kei and Wynn Macau’s Linda Chen said they believe Macau’s gaming operators’ revenue from non-gaming business will exceed 9 percent of their total income by 2020, local media reports. The comments follow from the release of Macau’s draft five-year development plan, that called for an increase in non-gaming revenue of resorts […]

    Wynn Q1 results top estimates

    Wynn Resorts Limited says it expects around a 10 percent decline in its Macau property EBITDA for Y16Q1, approximately 15 percent above analyst estimates. According to its preliminary expectations of the first quarter financial results, the casino operator says it expects net revenue to decline 14 percent year on year between $603 million to $613 […]

    MGM China and Sands have most productive staff; Morgan Stanley

    MGM China and Sands China were found to have the most efficient staff in their respective regions in Macau, according to a recent report from Morgan Stanley. Analysts compared all the operators based on company EBITDA to average number of staff ratio, and found that MGM China generated a higher EBITDA per person employed than […]

    MGM announces bonus to non-management staff

    MGM China Holdings Limited will pay a special bonus to non-management staff, equivalent to one month’s salary, local media reports. The bonus will be paid in two installments, with the first to be paid at the end of Jan. 2016. Earlier in the month, SJM Holdings announced it will pay staff earning less than MOP […]

    Macau 15Q3 gov’t data shows flat sequential mass GGR

    Combined gross gaming revenue in 15Q3 from mass market and slots in Macau was flat sequentially from 15Q2, amounting to MOP25.4 billion ($3.2 billion) and an indication of market stabilization, according to official data.  Combined mass and slots GGR had previously declined sequentially every quarter since 14Q1, indicating this quarter is, according to Union Gaming […]

    Wynn Resorts 3Q earnings plunge on Macau slump, missing expectations

    Wynn Resorts’ 3Q earnings missed expectations on a steep drop in revenue from its Macau operations with income from the high-roller segment falling by half. The operator said net revenues for the quarter were $996.3 million, down from $1.37 billion a year earlier and below forecasts for $1.03 billion. Net revenue in Macau was down […]

    Gaming stocks winning streak temporary

    Macau casino operators are leading gains on Hong Kong’s stock market for the first time in nine months, reported Bloomberg. Citing Macquarie Investment Management and Pictet Asset Management, Bloomberg says the winning streak is temporary. MGM China Holdings, Wynn Macau. and Sands China, rose at least 20 percent in July, defying China’s stock rout and […]

    Macau GGR for month through July 5 at $394m

    Macau GGR for the month through July 5 was MOP 3.15 billion ($394 million), while the average daily rate was MOP630 million, higher than May’s rate of MOP579 million, according to Bernstein Research. Assuming ADR of MOP600 to 630 million for the remainder of this month, Bernstein estimates July GGR to be MOP18.8 to 19.5 […]

    All Asia Dealers Championship details announced

    At press conference held on Tuesday May 12, 2015 in Macau, the All Asia Dealers Championship (AADC), taking place concurrently with G2E Asia 2015 and hosted by Asia Gaming Brief and Reed Exhibitions, announced the details of the competition. In all, fourteen teams, totaling over 50 Dealers, from Macau and across Asia have already confirmed […]

    Suncity expected to open VIP Room in Wynn Macau soon

    Junket operator Suncity Group Ltd may open its VIP gaming room in the Wynn Macau by the end of this week, Union Gaming Research Macau said. The research house wrote in a note that Suncity’s part of the casino-resort and the resort’s refurbished space for premium mass-market gaming will allow the casino operator to resume […]

    Dividend sustainability to be a concern, Wynn at risk, CS says

    The sustainability of dividends at Macau’s casino operators is likely to become a major concern for investors as earnings deteriorate at the same time as capital spending requirements ramp up due to new projects, according to a Credit Suisse report. “In light of the risk of earnings deterioration in 2015 but ongoing capex requirement for […]

    Macau’s CSR drive – with one eye on Beijing?

    Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.

    Melco, MGM outshine peers in Q3

    Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

    Bright future seen for gaming growth

    Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

    No clarity in casino concession countdown

    The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.

    Trade war creates headwinds for Macau gaming stocks

    Macau gaming stocks are feeling the heat from the trade war between the U.S. and China, falling to their lowest levels in a year, with some analysts cutting their growth forecasts on concern for a slowdown in China’s economy.

    Macau stock rally seen losing steam

    Macau’s gaming stocks have rebounded to trade at two-year highs, tracking the recovery in gross gaming revenue, however analysts warn against over optimism, saying growth may be nearing its peak, at least in the short term.