Operating revenue was up 66.4 per cent when compared to last year.
Macau.- Wynn Macau Ltd has shared its financial results for the first quarter of the year. It reported operating revenue of US$998.6m, up 9.7 per cent sequentially and up 66.4 per cent when compared to last year.
The company recorded adjusted earnings before interest, taxation, depreciation, amortisation, and rent (EBITDAR) of US$339.6m, up 14.3 per cent sequentially and 118 per cent from the prior-year period.
On a property basis, Wynn Palace saw revenue of US$586.9m, up from US$369.4m in the first quarter of 2023 and up 11.9 per cent when compared to the previous quarter. Adjusted Property EBITDAR was US$202.4m. Casino revenue was up 75 per cent year-on-year at US$473.7m, while VIP turnover was US$3.92bn and the mass table drop US$1.78bn.
The VIP table games win percentage was 24.5 per cent. The venue had 59 VIP gaming tables and 245 mass-market tables in operation during the period.
Wynn Macau‘s revenue was US$411.7m, up 78.5 per cent year-on-year. Adjusted property EBITDAR was US$137.8m. Casino revenue grew by 96.4 per cent to US$346.35m and VIP turnover by 38.9 per cent to US$1.58bn. The mass table drop was US$1.68bn.
The VIP table games percentage win was 3.39 per cent. The Macau property had 30 VIP gaming tables and 221 mass-market tables in operation during the period.
Total casino revenue for the group, including non-Asian operations, was up 46.2 per cent year-on-year at US$1.12bn, while non-casino revenue was up 12.9 per cent at US$741.44m. Total revenue was US$1.86bn, up 30.9 per cent when compared to last year.
Craig Billings, CEO of Wynn Resorts, stated: “The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with Adjusted Property EBITDAR reaching a new all-time record. The investments we have made in our properties, our team and our unique programming continue to extend our leadership position in each of our markets.”
Operating revenue was up 66.4 per cent when compared to last year. Macau.- Wynn Macau Ltd has shared its financial results for the first quarter of the year. It reported operating revenue of US$998.6m,…
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