{"id":777015312,"date":"2024-05-08T09:40:18","date_gmt":"2024-05-08T12:40:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015312"},"modified":"2026-04-22T10:27:52","modified_gmt":"2026-04-22T13:27:52","slug":"wynn-macau-reports-operating-revenue-of-us998-6m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-operating-revenue-of-us998-6m-for-q1","title":{"rendered":"Wynn Macau reports operating revenue of US$998.6m for Q1"},"content":{"rendered":"\n

Operating revenue was up 66.4 per cent when compared to last year.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Wynn Macau Ltd<\/strong>\u00a0has shared its financial results for the\u00a0first quarter of the year.\u00a0It reported operating revenue of US$998.6m, up 9.7 per cent sequentially and up 66.4 per cent\u00a0when\u00a0compared to last year<\/a>.\u00a0<\/p>\n\n\n\n

The company recorded adjusted earnings before interest, taxation, depreciation, amortisation, and rent\u00a0(EBITDAR) of US$339.6m<\/strong>, up 14.3 per cent\u00a0sequentially\u00a0and 118 per cent from the prior-year period.<\/p>\n\n\n\n

On a property basis,\u00a0Wynn Palace\u00a0<\/strong>saw revenue of US$586.9m, up from US$369.4m in the first quarter of 2023 and up 11.9 per cent\u00a0when\u00a0compared to the previous quarter<\/a>. Adjusted Property EBITDAR was US$202.4m. Casino revenue was up 75 per cent year-on-year at\u00a0US$473.7m, while VIP turnover was US$3.92bn and the mass table\u00a0drop US$1.78bn.<\/p>\n\n\n\n

The VIP table\u00a0games\u00a0win percentage was 24.5 per cent. The venue had 59 VIP gaming tables and 245 mass-market tables in operation during the period.<\/p>\n\n\n\n

Wynn\u00a0Macau<\/strong>\u2018s\u00a0revenue was US$411.7m, up 78.5 per cent year-on-year. Adjusted property EBITDAR was US$137.8m. Casino revenue grew by 96.4 per cent to US$346.35m and VIP turnover by 38.9 per cent to US$1.58bn. The mass table\u00a0drop was US$1.68bn. <\/p>\n\n\n\n

The VIP table games percentage win was 3.39 per cent. The Macau property had 30 VIP gaming tables and 221 mass-market tables in operation during the period.<\/p>\n\n\n\n

Total casino revenue for the group, including non-Asian operations, was up 46.2 per cent year-on-year at US$1.12bn, while non-casino revenue was up 12.9 per cent at US$741.44m. Total revenue was US$1.86bn, up 30.9 per cent when compared to last year.<\/p>\n\n\n\n

Craig Billings<\/strong>, CEO of Wynn Resorts, stated:\u00a0\u201cThe strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with Adjusted Property EBITDAR reaching a new\u00a0all-time\u00a0record.\u00a0The investments we have made in our properties, our team and our unique programming continue to extend our leadership position in each of our markets.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Operating revenue was up 66.4 per cent when compared to last year.<\/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 Ltd reported robust Q1 financial results, with operating revenue up 66.4% year-on-year to US$998.6m and Adjusted EBITDAR increasing 118% to US$339.6m. This strong performance, driven by significant growth in both VIP and mass-market casino revenue across its Macau properties, contributed to a record-setting Adjusted Property EBITDAR for the group.","focusai_entities":"Wynn Macau Ltd, Wynn Resorts, Wynn Palace, Wynn Macau, Craig Billings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Dynamics","query":"What specific market conditions or operational strategies contributed to Wynn Palace's significantly higher VIP table games win percentage (24.5%) compared to Wynn Macau's (3.39%) in Q1, and how sustainable are these variances in the competitive Macau gaming vertical?"},{"label":"Non-Gaming Revenue Growth","query":"Given the 12.9% year-on-year increase in non-casino revenue, what specific non-gaming verticals (e.g., MICE, retail, F&B, entertainment) were the primary drivers of this growth, and what is the projected contribution of these segments to the overall revenue mix in future quarters, particularly in the context of Macau's diversification efforts?"}],"footnotes":""},"categories":[16338,163,158],"tags":[20777],"class_list":["post-777015312","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\/777015312","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=777015312"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015312\/revisions"}],"predecessor-version":[{"id":777015345,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015312\/revisions\/777015345"}],"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=777015312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}