{"id":777013004,"date":"2024-02-08T10:15:51","date_gmt":"2024-02-08T13:15:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013004"},"modified":"2026-04-22T13:11:40","modified_gmt":"2026-04-22T16:11:40","slug":"wynn-macau-reports-operating-revenues-of-us910-6m-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-operating-revenues-of-us910-6m-for-q4","title":{"rendered":"Wynn Macau reports operating revenues of US$910.6m for Q4"},"content":{"rendered":"\n

Operating revenues were up 11.1 per cent from the preceding quarter.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Wynn Macau\u00a0<\/strong>has shared its financial results for the fourth quarter. The casino operator posted operating revenue of US$910.6m, up 11.1 per cent\u00a0in quarter-on-quarter terms<\/a>\u00a0and up 378.5 per cent year-on-year.<\/p>\n\n\n\n

The company posted US$297m in adjusted property EBITDAR (adjusted earnings before interest, taxation, depreciation, amortisation and rent). The figure was up 16.5 per cent from the third quarter. Casino revenue was US$737.9m, up 13.8 per cent quarter-on-quarter.<\/p>\n\n\n\n

Operating revenues from Wynn Palace<\/strong> were US$524.4m, up from US$113.1m recorded in the fourth quarter of 2022. Adjusted property EBITDAR was US$171.1m. Casino revenue was US$417.3m. <\/p>\n\n\n\n

Table games win percentage in mass market operations was 23.6 per cent, above the 23.3 per cent experienced in the fourth quarter of 2022. VIP table games win as a percentage of turnover was 2.97 per cent, below the property\u2019s expected range of 3.1 per cent to 3.4 per cent and above the 0.11 per cent experienced in the previous year.<\/p>\n\n\n\n

Operating revenues from Wynn Macau<\/strong> were US$386.2m. Adjusted property EBITDAR was US$125.8m. Casino revenue was up 39.2 per cent sequentially, to US$320.6m.<\/p>\n\n\n\n

Table games win percentage in mass market operations was 19.1 per cent, above the 17.2 per cent experienced in the fourth quarter of 2022. VIP table games win as a percentage of turnover was 4.37 per cent, above the property\u2019s expected range of 3.1 per cent to 3.4 per cent and above the 1.20 per cent experienced in the previous year.<\/p>\n\n\n\n

For full-year 2023, Wynn Macau recorded operating revenue of US$3.10bn<\/strong>. Adjusted EBITDAR stood at US$953.9m in 2023.<\/p>\n\n\n\n

Wynn Resorts CEO,\u00a0Craig Billings<\/strong>, stated: \u201cThe strong momentum we built throughout 2023 continued during the fourth quarter with Adjusted Property EBITDAR reaching a new all-time record.\u00a0These impressive results highlight our team\u2019s relentless focus on delivering five-star hospitality, which continues to elevate our properties above our peers as the destinations of choice for luxury guests in Las Vegas, Boston and Macau.”<\/p>\n\n\n\n

See also: <\/strong>Fitch upgrades Wynn Resorts outlook<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Operating revenues were up 11.1 per cent from the preceding quarter.<\/p>\n","protected":false},"author":176,"featured_media":25750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau reported robust financial results for Q4 and full-year 2023, with operating revenue reaching US$910.6m in Q4, an 11.1 per cent quarter-on-quarter increase, and US$3.10bn for the full year. The casino operator achieved a record Adjusted Property EBITDAR of US$297m in Q4, driven by strong performance across its Macau properties, Wynn Palace and Wynn Macau.","focusai_entities":"Wynn Macau, Wynn Palace, Wynn Resorts, Craig Billings, Fitch","focusai_location":"Macau, Las Vegas, Boston","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Market Outlook?","query":"What are the projected GGR and NGR growth trajectories for Wynn Macau in 2024, considering the current macroeconomic environment and competitive landscape in the Macau gaming vertical?"},{"label":"EBITDAR Drivers?","query":"What specific operational efficiencies, marketing strategies, or shifts in gaming verticals (e.g., mass vs. VIP) were primary drivers for the record Adjusted Property EBITDAR in Q4 2023?"}],"footnotes":""},"categories":[16338,163,158],"tags":[20777],"class_list":["post-777013004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013004"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013004\/revisions"}],"predecessor-version":[{"id":777013027,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013004\/revisions\/777013027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25750"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}