Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1128 and Debt Stock Codes: 5279, 5280, 40102, 40259, 40357)

INSIDE INFORMATION

UNAUDITED IFRS RESULTS

FOR THE FIRST QUARTER ENDED 31 MARCH 2021

OF WYNN MACAU, LIMITED

AND

UNAUDITED RESULTS

FOR THE FIRST QUARTER ENDED 31 MARCH 2021

OF OUR CONTROLLING SHAREHOLDER,

WYNN RESORTS, LIMITED

This announcement is issued pursuant to Rules 13.09 and 37.47B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and under Part XIVA of the Securities and Futures Ordinance (Cap. 571).

The Board of Wynn Macau, Limited has announced the unaudited consolidated results of the Company and its subsidiaries prepared in accordance with IFRS for the first quarter ended 31 March 2021.

Our controlling shareholder, Wynn Resorts, Limited has, on or about 10 May 2021 (1:09 p.m., Las Vegas time), released its unaudited results for the first quarter ended 31 March 2021.

This announcement is issued by Wynn Macau, Limited ("we" or our "Company") pursuant to Rules 13.09 and 37.47B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and under Part XIVA of the Securities and Futures Ordinance (Cap. 571).

Consolidated Financial Results for Wynn Macau, Limited

The board of directors (the "Board") of Wynn Macau, Limited has announced the unaudited consolidated results of the Company and its subsidiaries (the "Group") prepared in accordance with International Financial Reporting Standards ("IFRS") for the first quarter ended 31 March 2021

(the "WML Results").

* For identification purposes only.

1

Wynn Macau, Limited

Condensed Consolidated Income Statement

(amounts in US$ thousands)

(unaudited)

For the Three Months Ended

31 March

2021

2020

Operating revenues

Casino

$

324,836

$

397,704

Rooms

31,714

35,621

Food and beverage

19,105

22,829

  Retail leases and other

41,322

32,848

Total operating revenues

416,977

489,002

Operating costs and expenses

  Gaming taxes and premiums

177,946

220,760

Staff costs

139,798

160,912

Other operating expenses

78,937

96,812

Depreciation

91,105

95,442

  Property charges and other

2,184

23,863

489,970

597,789

Operating loss

(72,993)

(108,787)

Finance revenues

739

5,574

Finance costs

(75,752)

(59,901)

  Net foreign currency differences

(11,271)

10,339

  Loss on debt extinguishment

(1,541)

(983)

(87,825)

(44,971)

Loss before tax

(160,818)

(153,758)

Income tax expense

(401)

(400)

Net loss attributable to owners of the Company

$

(161,219)

$

(154,158)

2

Earnings Release for Wynn Resorts, Limited

Our Company's controlling shareholder, Wynn Resorts, Limited, is a company listed on the National Association of Securities Dealers Automatic Quotation System ("NASDAQ") in the United States. As at the date of this announcement, Wynn Resorts, Limited beneficially owns approximately 72% of the issued share capital of our Company.

Wynn Resorts, Limited has, on or about 10 May 2021 (1:09 p.m., Las Vegas time), released its unaudited results for the first quarter ended 31 March 2021 ("Earnings Release"). If you wish to review the Earnings Release prepared by Wynn Resorts, Limited and as filed with the U.S. Securities and Exchange Commission, please visit https://www.sec.gov/Archives/edgar/ data/1174922/000117492221000055/ex991wrlq12021pressrelease.htm. The Earnings Release contains segmented financial information about the Macau operations of Wynn Resorts, Limited, which Macau operations are owned by our Company. The Earnings Release is also available in the public domain.

The financial results of Wynn Resorts, Limited, including those contained in the Earnings Release have been prepared in accordance with Generally Accepted Accounting Principles of the United States ("U.S. GAAP"), which are different from IFRS. We use IFRS to prepare and present our financial information. As such, the financial information in the Earnings Release is not directly comparable to the financial results our Company discloses as a company listed on the Main Board of The Stock Exchange of Hong Kong Limited.

Our shareholders and potential investors are advised that the financial results in the Earnings Release are unaudited and have not been prepared or presented by our Company and there is no indication or assurance from our Company that the financial results of our Group for the first quarter ended 31 March 2021 will be the same as that presented in the Earnings Release.

To ensure that all our shareholders and potential investors have equal and timely access to the information pertaining to our Company, set forth below are the key highlights of financial and other information published by Wynn Resorts, Limited in the Earnings Release that relate to our Company and our operations in Macau (unless otherwise provided, all dollar amounts in the Earnings Release are denominated in United States dollars), some of which may constitute material inside information of the Company:

3

"Wynn Resorts, Limited Reports First Quarter 2021 Results

Adjusted Property EBITDA (1) at our integrated resort properties increased $17.2 million, $50.2 million, and $43.0 million at Wynn Palace, our Las Vegas Operations, and Encore Boston Harbor, respectively, and decreased $2.7 million at Wynn Macau, when compared with the first quarter of 2020.

"Our first quarter results reflect continued progress in our business as consumers began to once again travel to their favorite leisure and gaming destinations," said Matt Maddox, CEO of Wynn Resorts, Limited. "In Macau, we experienced continued gradual improvement in visitation trends driving particular strength in premium mass casino and luxury retail."

Consolidated Results

Operating revenues were $725.8 million for the first quarter of 2021, a decrease of 23.9%, or $227.9 million, from $953.7 million for the first quarter of 2020. Operating revenues decreased $22.2 million, $49.8 million, $145.1 million, and $10.8 million at Wynn Palace, Wynn Macau, our Las Vegas Operations, and Encore Boston Harbor, respectively, from the first quarter of 2020.

Property Results

In response to the initial outbreak of COVID-19 in early 2020, each of our properties was subject to partial or full closure for varying lengths of time during 2020, and each has since reopened with certain COVID-19 specific protective measures in place. Although authorities around the world have eased COVID-19 protective measures and several vaccines have been granted authorization in numerous countries and are being rolled out to citizens based on availability and priority of need, certain travel restrictions, quarantine measures, testing requirements, and capacity limitations remain in effect, and the Company is currently unable to determine when protective measures will be lifted and when the Company will be able to resume certain offerings at our Macau Operations, Las Vegas Operations, and Encore Boston Harbor.

4

Macau Operations

Wynn Palace

Operating revenues from Wynn Palace were $237.3 million for the first quarter of 2021, an 8.5% decrease from $259.5 million for the first quarter of 2020. Adjusted Property EBITDA from Wynn Palace was $27.4 million for the first quarter of 2021, compared with $10.2 million for the first quarter of 2020. VIP table games win as a percentage of turnover was 4.38%, above the property's expected range of 2.7% to 3.0% and above the 2.91% experienced in the first quarter of 2020. Table games win percentage in mass market operations was 21.7%, below the 27.5% experienced in the first quarter of 2020.

Wynn Macau

Operating revenues from Wynn Macau were $179.7 million for the first quarter of 2021, a 21.7% decrease from $229.5 million for the first quarter of 2020. Adjusted Property EBITDA was $16.6 million for the first quarter of 2021, compared with $19.2 million for the first quarter of 2020. VIP Table games win as a percentage of turnover was 3.25%, above the property's expected range of 2.7% to 3.0% and below the 4.14% experienced in the first quarter of 2020. Table games win percentage in mass market operations was 17.8%, below the 20.4% experienced in the first quarter of 2020.

Balance Sheet

Our cash and cash equivalents as of March 31, 2021 totaled $2.89 billion, comprised of approximately $1.80 billion held by Wynn Macau, Limited ("WML") and subsidiaries, approximately $248.4 million held by Wynn Resorts Finance excluding WML, and approximately $839.1 million at Corporate and other.

As of March 31, 2021, the available borrowing capacity under the Wynn Macau Revolver was $293.0 million.

Total current and long-term debt outstanding at March 31, 2021 was $11.95 billion, comprised of $5.96 billion of Macau related debt, $3.12 billion of Wynn Las Vegas debt, $2.26 billion of Wynn Resorts Finance debt, and $612.5 million of debt held by the retail joint venture which we consolidate.

5

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Wynn Macau Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 09:35:07 UTC.