Operator News
US – Las Vegas and Macau both outperform for Wynn Resorts
By Phil - 27 October 2017
Both Macau and Las Vegas outperformed for Wynn Resorts in the third quarter with net revenue coming in at $1.61bn, an increase of 45.3 per cent, or $502.5m, from $1.11bn for the same period of 2016.
The surge was the result of an increase of $390.7m from Wynn Palace, which opened in the third quarter of 2016, and increases of $79.3m and $32.5m from Wynn Macau and its Las Vegas Operations, respectively.
Adjusted Property EBITDA was $473m for the third quarter of 2017, an increase of 54.8 per cent.
Net revenues from Wynn Macau were $597.4m for the third quarter of 2017, a 15.3 per cent with casino revenue up16.2 per cent and VIP tables up 22.2 per cent.
Net revenues from Wynn Palace were $555.3m for the third quarter with Property EBITDA from Wynn Palace was $138.2m for the third quarter of 2017, compared to $25.5m for the same period of 2016.
Casino revenues from Wynn Palace were $514.5m for the third quarter of 2017, compared to $146.7m for the same period of 2016. Table games turnover in VIP operations was $13.69bn, compared to $4.15bn for the third quarter of 2016.
Net revenues from Las Vegas Operations were $459.6m for the third quarter of 2017, a 7.6 per cent increase with casino revenues up 13.9 per cent. Table games drop was $496.2m with slots up 0.1 per cent at $819.5m.
