Wynn Resorts saw year-on-year revenue growth across all of its properties in the April to June 2019 period, particularly in Macau and Las Vegas.
Total operating revenues increased 3.3% year-on-year, reaching US$1.7 billion.
Both properties in Macau, namely Wynn Palace and Wynn Macau, saw their operating revenues inch upwards in the quarter, propped by increased casino revenue from the mass market.
Operating revenue from its Las Vegas operations also registered an increase in the quarter, up 5.1% to US$464 million on stronger casino and non-gaming revenues.
However, net income attributable to Wynn Resorts was US$94.6 million, down 39.3%, due primarily to an increase in pre-opening expenses related to Encore Boston Harbor.
“We remain excited about the outlook for the Company and we will continue to focus on leveraging our premium-focused business model to drive long-term returns for shareholders,” said President and CEO Matt Maddox. (AGB)