Inside Asian Gaming

IAG APR 2023年4月 亞博匯 26 COVER STORY period immediately after CNY, while direct VIP turnover was 20% higher than the same period in 2019. This, it added, had the company estimating that operating revenues at its two Macau integrated resorts, Wynn Macau and Wynn Palace, had reached between US$391 million and US$395 million in January and February, up 75% year-on-year, while Adjusted EBITDA for the same period was estimated at between US$94 million to US$98 million, up from just US$4.5 million during the same period last year. “Compared to where we were sitting in November and December, we could never have imagined it would be this good, this fast [in Macau],” says Alidad Tash, a former executive at Sands China and Melco Resorts and now Managing Director of consultancy 2NT8 Ltd. “We all knew it was going to happen eventually, but we thought it would be six months or 12 months from now. Nobody knew that by February or March it would be back to where it is today.” Even now, the speed of Macau’s recovery continues to surprise. On 1 March, the DICJ published its GGR figures for the month of February with revenues of MOP$10.32 billion (US$1.28 billion) comfortably exceeding streetside estimates of MOP$9.5 billion. The result has been constant revision, always upwards, by