智通财经网·2025-08-08 05:49Core Viewpoint - UBS reports that Wynn Macau's parent company, Wynn Resorts, announced an adjusted property EBITDA of $254 million, a decrease of approximately 10% year-over-year, with EBITDA at $266 million, falling short of expectations due to underperformance in gaming [1] Group 1: Financial Performance - Adjusted property EBITDA for Wynn Macau is reported at $254 million, down about 10% compared to the same period last year [1] - Total EBITDA reached $266 million, which is below market expectations primarily due to weaker gaming performance [1] Group 2: Management Outlook - Wynn Macau's management anticipates an acceleration in gaming demand in June and July, with an adjusted EBITDA run rate of $3.3 million per day [1] - The management plans to continue property upgrades to maintain competitiveness, including the expansion of the Wynn Palace Chairman's Club gaming area and renovations of the Wynn Tower rooms [1] Group 3: Capital Expenditure Guidance - The management has lowered the capital expenditure guidance for this year by $50 million to a range of $200 million to $250 million, while maintaining next year's guidance at $450 million to $500 million [1] - The construction of the activity and entertainment center is expected to be completed after 2028, pending government approval [1]