Glory November 6th | Macquarie's report stated that wynn macau's overall gaming revenue in the third quarter increased by 8% annually, but decreased by 1% quarterly, while Macau's overall gaming revenue increased by 14% annually, but decreased by 1% quarterly. EBITDAR gross margin was lower than expected by 0.6 percentage points, mainly due to high salaries and other expenses resulting in a 7% annual increase in daily operating expenses. The company's capital expenditure for the next two years will narrow to $0.35 billion to $0.425 billion, due to the timing of government approval of land use. The bank lowered wynn macau's adjusted property EBITDAR for the next two years by 2% and 3% respectively, reducing the target price from 9 Hong Kong dollars to 8.9 Hong Kong dollars, with a rating of "outperform".