Wynn Macau revenues down 11% quarter-on-quarter to US$885 million on low mass hold at peninsula IR
Regulation · 2024-08-07

Wynn Macau revenues down 11% quarter-on-quarter to US$885 million on low mass hold at peninsula IR

The Macau operations of US-based casino giant Wynn Resorts Ltd reported total operating revenues of US$885.3 million in the three months to 30 June 2024, up 15.0% year-on-year but down 11.3% compared with the March quarter.

Adjusted Property EBITDAR also fell by 17.4% quarter-on-quarter to US$280.4 million, primarily due to a subdued performance from peninsula property Wynn Macau.

According to details released by the company early Wednesday (Asia time), the peninsula property reported operating revenues of US$337.3 million in 2Q24, up 11.8% year-on-year but down 18.0% sequentially. The result included mass table games win of US$280.8 million, VIP table games win of US$25.2 million and slots win of US$26.0 million. Adjusted Property EBITDAR was US$95.9 million.

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