Wynn Macau's third-quarter gross gaming revenue fell 10% and adjusted property EBITDAR fell 14% quarter on quarter. The company's market share declined by 1.3 percentage points, while adjusted property EBITDAR margin compressed by 1.8 percentage points.
Macao's gaming sector is well positioned to benefit from China's reopening, which will allow the sector to restore its profitability meaningfully.
Intensifying competition among Macao casinos leads to increased promotional and operating expenses, pressuring margins and profitability.
Metric | 01128 | 00027 | MLCO |
|---|---|---|---|
Price/Earnings (Normalized) | 9.76 | 13.38 | 10.47 |
Price/Book Value | — | 1.73 | — |
Price/Sales | 0.69 | 2.92 | 0.32 |
Price/Cash Flow | 4.45 | 10.57 | 2.13 |
Metric | 01128 | 00027 | MLCO |
|---|---|---|---|
Quick Ratio | 1.26 | 1.88 | 0.80 |
Current Ratio | 1.32 | 1.92 | 0.90 |
Interest Coverage | 2.01 | 74.84 | 1.26 |
Metric | 01128 | 00027 | MLCO |
|---|---|---|---|
Return on Assets (Normalized) | 6.01% | 10.94% | 2.26% |
Return on Equity (Normalized) | — | 13.05% | — |
Return on Invested Capital (Normalized) | 14.53% | 11.26% | 10.09% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Las Vegas Sands Corp LVS | LOCK|!rCkR%F | LOCK|<?zLW | $25B | |||
| Galaxy Entertainment Group Ltd ADR GXYYY | — | LOCK|gLbRm | $19B | |||
| Galaxy Entertainment Group Ltd GXYEF | — | LOCK|X?X? | $19B | |||
| Sands China Ltd Shs Unitary 144A/Reg S SCHYF | — | LOCK|?r^h | $11B | |||
| Sands China Ltd ADR SCHYY | — | LOCK|!>wn | $11B | |||
| Wynn Resorts Ltd WYNN | LOCK|BvSHFf | LOCK|Bcr>% | $9B | |||
| MGM Resorts International MGM | LOCK|h&QSXQ? | LOCK|c&^ | $8B | |||
| Caesars Entertainment Inc CZR | LOCK|%#dPyxlj | LOCK|XBM | $6B | |||
| PENN Entertainment Inc PENN | LOCK|#$z&<C! | LOCK|W? | $2B | |||
| Melco Resorts and Entertainment Ltd ADR MLCO | LOCK|MNvN!@> | LOCK|rZMZz | $2B |
United States