Wynn wins and loses with VIPs
MACAU – Wynn Resorts made more money from its Las Vegas property than it did in Macau during its first full year of operation, but not by much.
Destination Macau reported that over the 12-month period, which included Wynn Macau’s first full annualised quarter-on-quarter comparison since it opened in September 2006, the company earned US$417 million in Vegas and US$364 million in Macau.
In the fourth quarter alone, however, Wynn Macau made more than Vegas – US$99.6 million compared to US$97.3 million in the US.
VIP gaming turnover in Macau nearly doubled compared with the fourth quarter of 2006, at US$11.2 billion, while mass market turnover dropped slightly, to US$507.6 million.
However, profit margins in Vegas are still a way ahead, at 32 per cent compared to Macau’s 26 per cent.
This reflects the higher commissions paid to junket operators who bring in the majority of the VIPs in Macau, and the higher win percentage in Vegas.
It also reflects the huge gap between gaming and non-gaming revenues in Macau. In Vegas, non-casino revenues for the year were US$806 million, significantly higher than casino revenues at US$642 million.
In Macau, non-gaming revenues were a tenth of those in Vegas, at just US$84 million.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps