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Tag Archives: Wynn Resorts

US – Related Companies updates $12bn casino blueprint for Hudson Yard

Related Companies, who is partnering with Wynn Resorts in a bid to develop a casino complex in New York City’s Hudson Yards, has revealed further details behind its $12bn plan. The development’s blueprint includes a 2.6 million-square-foot casino and hotel resort, complemented by retail outlets, conference spaces, and an 80-story skyscraper. It hopes to transform…

UAE – Wynn close to completing hotel towers on Al Marjan Island

Wynn Resorts is close to completing the first phase of construction of the hotel towers underpinning its Wynn Al Marjan Island casino resort in the United Arab Emirates.  The plan is to open the casino in the first quarter of 2027. Wynn Resorts is a 40 per cent equity investor in the project, with local…

China – Wynn secures all-time quarterly record in property EBITDA in Q4

Wynn Resorts generated fourth quarter operating revenues of $1.84bn for the fourth quarter of 2023, an increase of $835.5m from $1bn for the fourth quarter of 2022. The esteemed operator said that momentum in the business built throughout the year, ending on the high of an an all-time quarterly record of $632m in property EBITDA , capping off a record…

US – Las Vegas and Boston both set quarterly records for Wynn Resorts

The strong performance of its Las Vegas and Boston casinos helped push Wynn Resorts overall operating revenues to $1bn for the fourth quarter of 2022, with Las Vegas generating a fourth quarter record of $219m of EBITDA and Boston fourth quarter revenue. In Las Vegas, slot handle increased 20.9 per cent year-over-year and was 69 per…

US – Wynn enjoys its best ever third quarter results in Las Vegas and Boston

With travel restrictions still hampering the Macau casino sector, Wynn Resorts saw its results propped up by record breaking third quarters at both Wynn Las Vegas and Encore Boston Harbor. Whilst overall operating revenues were $889.7m, down $104.9m, from $994.6 million for the third quarter of 2021, operating revenues at Wynn’s Las Vegas operations and Encore Boston Harbor increased by $68.4m and $19.6m…

US – Wynn confirms appetite for Big Apple with Related Companies partnership

Related Companies and Wynn Resorts have announced a partnership to pursue a downstate casino license on the Western Yards at Hudson Yards in New York. The plan for a resort, entertainment and gaming destination along the Hudson River will deliver thousands of permanent and construction jobs and billions in direct and indirect tax revenue to…

US – Strong customer demand in the US offset by Macau closures for Wynn

Operating revenues for Wynn Resorts for the second quarter ended June 30, 2022, fell 8.2 per cent year-on-year to US$908.8m with strong customer demand at the company’s US operations offset by the COVID-closures in Macau. Operating revenues were $908.8m for the second quarter of 2022, a decrease of $81.3m, from $990.1m for the second quarter of 2021. Net loss attributable to Wynn…

US – Wynn Resorts selling real estate of Encore Boston Harbor

Wynn Resorts has entered into a definitive agreement to sell all of the land and real estate assets of Encore Boston Harbor to Realty Income for $1.7bn in cash, representing a 5.9 per cent cap rate. Wynn Resorts will continue to operate the property at the five-star standard for which the company is renowned. Simultaneous with the…

UAE – Wynn Resorts to include ‘gaming area’ at UAE resort

Marjan, RAK Hospitality Holding and Wynn Resorts have announced a multibillion-dollar integrated resort including a ‘gaming area’ on the man-made Al Marjan Island in  Ras Al Khaimah, United Arab Emirates. The spectacular Al Marjan Island, already a leading tourism destination, is only 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from the Dubai International Airport. Comprising four islands, Al Marjan Island delights…