Is this the Luckiest Casino in the World?
In the Asian gambling mecca of Macau, the Wynn Resort’s lucky streak has been going on for so long that it’s left many gaming industry watchers baffled. According to an article in the Wall Street Journal’s Market Watch website, the Wynn Macau has been defying the odds in high-roller baccarat. The resort’s baccarat winning percentage, otherwise known as the “hold rate,” has been abnormally high for nine straight quarters. So high, in fact, that Credit Suisse has labeled it a “supernormal win percentage.”
None of this, however, means that gamblers playing at the Wynn are getting any luckier. Rather, it’s the casino that’s making out like a bandit. Its 3.6% hold rate on VIP baccarat translates to an additional $80.25 million in gross revenues during the quarter. For all the details, click HERE. But be warned: even if you play baccarat better than Agent 007, you may need an MBA to fully understand the financial minutiae of this article.