Wynn Macau Ltd

01128: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 1.60	Szrmty	Jrhbvym

Wynn Macau Share Price Rise Driven by Positive Outlook; Q4 Loss Is No Surprise

Jennifer Song

Feb 9, 2023

Our initial take on the release of Wynn Macau's and MGM China's fourth-quarter 2022 results today is that the guidance is favorable. We think the positive comments today from both Wynn Macau and MGM China should lift the Macao gaming sector as a whole. Wynn Macau's fourth-quarter adjusted negative EBITDA of HKD 59 million is largely expected. However, it's the solid January data that is likely driving its share price up more than 6% to HKD 8.88.

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