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While well known, Q4 earnings should be terrific.  WYNN should lead the pack.


  • The charts below highlight our Macau property estimates and company EBITDA estimates relative to the Street
  • We’re projecting the most upside in Macau EBITDA for WYNN (2nd highest upside for company EBITDA) despite lower than normal VIP hold
  • MPEL could post the biggest beat with hold only slightly higher than normal
  • We’re projecting 20%+ GGR growth for Macau in January and February and if we’re right, Q1 estimates will need to be raised as well

MACAU EARNINGS - q4

MACAU EARNINGS - q45