Operator News
US – Wynn records over $700m revenue increase in third quarter
By William - 10 November 2023
Wynn Resorts’ operating revenues were $1.67bn for the third quarter of 2023, an increase of $782.2m from $889.7m for the third quarter of 2022.
For the third quarter of 2023, operating revenues increased $449.5m, $254.6m, $74.6m, and $4.8m at Wynn Palace, Wynn Macau, Las Vegas Operations, and Wynn Interactive, respectively, and decreased $1.4m at Encore Boston Harbor.
“Our third quarter results reflect continued strength across our property portfolio,” said Craig Billings, CEO of Wynn Resorts, Limited. “Our teams at Wynn Las Vegas and Encore Boston Harbor delivered a new third-quarter record for Adjusted Property EBITDAR at our combined North American properties as we continue to elevate our properties above those of our peers.
“In Macau, the recovery continued to progress during the quarter, with particular strength in our mass gaming, luxury retail and hotel businesses. On the development front, construction on Wynn Al Marjan Island is well underway, and we are confident the resort will be a ‘must see’ tourism destination in the UAE.”
