Limited room supply to constrain Wynn Macau, Goldman Sachs

    Goldman Sachs says limited room supply is likely to hold back earnings growth at Wynn Macau, despite an improvement in its mass market GGR share in recent months. The firm says more significant growth isn’t likely until 2016 when the company’s Cotai project will be partially completed. “In the near term, should VIP GGR slow as we anticipated, Wynn Macau would be the most affected with 46 percent of its EBITDA attributed to the VIP segment,” it said.