该行引述永利澳门管理层指出，10月份中场赌台投注额稳健，酒店入住率达99%，而在国庆黄金周期间，中场赌台投注额同比增长近30%;竞争一直相当激烈，管理层表示不认为情况会恶化;管理层强调永利澳门将专注于最大化EBITDA，而不仅是市场份额。Wynn Macau management emphasized that Wynn Macau will focus on maximizing EBITDA, not just market share.
According to the iFeng Finance APP, Citigroup released a research report stating to maintain a 'buy' rating for Wynn Macau (01128), with the target price lowered from 8.6 Hong Kong dollars to 8.3 Hong Kong dollars.
The report mentioned that Wynn Macau's performance in the third quarter fell slightly below expectations. Its gambling revenue market share of about 12.6% was as expected, but non-gambling revenue (especially retail) performance was disappointing. Revenue for the period increased by 6% year-on-year to 0.872 billion US dollars. Adjusted property EBITDA improved by 3% year-on-year to 0.263 billion US dollars. This means that EBITDA has recovered to about 87% of the third quarter of 2019 and slightly lower than the bank's expected 0.275 billion US dollars and the market's expected 0.28 billion US dollars.
The bank cited Wynn Macau management pointing out that in October, mid-tier betting turnover was strong, with a hotel occupancy rate reaching 99%. During the National Day golden period, mid-tier betting turnover increased by nearly 30% year-on-year. The competition has been quite intense, and the management does not believe the situation will worsen. The management reiterated that Wynn Macau will focus on maximizing EBITDA, not just market share.
