Wynn revenues soar, aided by Macau boost
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Wynn Resorts has declared the third quarter financial results. The revenue has increased substantially thanks largely to improved showing in Macau.
Operating revenues for the third quarter were $1.71bn, a rise of 10.2 per cent.
Operating revenues from Wynn Macau were $579.6m for the third quarter of 2018, a 3.1 per cent increase from $562m for the same period of 2017, and operating revenues from Wynn Palace were $730.6m for the third quarter of 2018, a 39.1 per cent increase from $525m for the same period of 2017.
Adjusted property EBITDA was $504.4m for the third quarter of 2018, an increase of 6.6 per cent, or $31.4m, from $473.0m for the same period of 2017. Adjusted property EBITDA increased $87.9m at Wynn Palace and was relatively flat at Wynn Macau compared to the same period of 2017. The increase at Wynn Palace was partially offset by a decrease of $56.2m at Las Vegas operations.
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