The expansion of the VIP area at Wynn Palace is expected to be completed before the Spring Festival next year

According to foreign media reports, WYNN MACAU (01128.HK) CEO Craig Billings recently stated during an earnings conference call that the expansion project of the Chairman’s Club in the Wynn Palace VIP gaming area in Cotai, Macau, is expected to be completed before the Chinese New Year (February 17) next year. In addition, the Wynn Macau hotel located on the Macau Peninsula is also undergoing renovations of the Wynn Tower guest rooms, with the first batch of floors nearing completion.

He admitted that some projects may have a slight impact on operations before the end of the year, but emphasized that upon completion, the two projects will further enhance the overall service and facility levels of both properties.

Craig Billings also described the Macau market as highly competitive, stating that the group closely monitors marketing activities and returns, viewing profit margins as a result of actively driving revenue, effectively rewarding customers, and strict cost management