Wynn Macau Ltd

01128: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wynn Macau Earnings: Solid Operations and Higher Win-Rate Boost Growth and Market Share

Jennifer Song

Nov 7, 2025

Wynn Macau delivered a strong third-quarter results, with gross gaming revenue, or GGR, rising 12% quarter on quarter, and adjusted EBITDA increasing 21.5% sequentially. This outpaced the industry's 2% GGR growth, leading to a 1.1-percentage-point market share gain to 12.9%.

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Wynn Macau Ltd

Wynn Macau Earnings: Solid Operations and Higher Win-Rate Boost Growth and Market Share

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