Wynn Macau executive confident in MOP100b GGR for this year
Vice Chairman and Executive Director of Wynn Macau, Limited Linda Chen, is confident the city will obtain the government-
estimated gross gambling revenue (GGR) of MOP100 billion.
She said so in response to a question from the press on the sidelines of a social event.
The tourist arrival counts on New Year’s Day were “a good start,” Chen said, adding that, if the current Covid-19 pandemic remains stable in Macau, the tourism outlook for January will be positive.
“Should the situation stay stable, I believe the GGR for this year could reach MOP100 billion,” Chen said.
She also said the company is confident it will be relicensed for casino operations. She pointed out that local casino operators have invested a lot not only in real properties, “but also in human resources and talent cultivation.”
She stressed that the industry is majorly focused in the healthy development of the mass gambling market, and that the market is the most important sector to Macau.
“The diverse consistency of clientele in the mass gambling market is crucial to Macau’s economic diversification,” Chen said. She added that most casino operators are studying this sector with an eye towards sustainable development.
Confident in the city’s facilities and activities, the resort executive sees the expansion of the mass gambling market as beneficial to Macau’s development. She believes that by diversifying the economy the existing facilities will set a benchmark for the tourism industry worldwide.
The executive added that the stable development of the current six concessionaires and the gambling market is a long-term target.
With that said, it was understood that Wynn Macau is not interested in submitting any document supporting the application for a third-party junket license.
Chen confirmed this to the press, saying that the company has not produced any such document.
According to the relevant law, during the application procedure any entity applying for a junket operator license must have a notarized signed document from a casino concessionaire confirming intention of cooperation.
Each junket license is valid for a calendar year. Licenses issued after January 1 will expire on December 31 the same year.
