Although Macau continues to prosper as the new gambling capital of the world, one of the region's biggest casino resorts has just revealed that it has fallen short of market expectations.Wynn Macau is one of the most recognisable gaming brands on the planet, but it still failed to match the expectations of financial industry experts.
However, it must be seen as a sign of Wynn's strength that a 15 per cent year-on-year rise in net income for the fourth quarter is seen as underwhelming.
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"Today's numbers are in line with my expectations but I'm worried about its future growth because there's still no news on when its Cotai project will be approved," Lantis Li, a Hong Kong-based analyst at Capital Securities Corp, explained to Bloomberg.
"If they don't have a new facility, they may lose out to rivals like Sands. They are under a big threat."
The announcement brought about a significant fall in the value of Wynn's stock market listing.
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