{"id":777017934,"date":"2024-08-07T08:32:44","date_gmt":"2024-08-07T11:32:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017934"},"modified":"2026-04-22T07:23:40","modified_gmt":"2026-04-22T10:23:40","slug":"wynn-macau-reports-us885-3m-in-revenue-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-us885-3m-in-revenue-for-q2","title":{"rendered":"Wynn Macau reports US$885.3m in revenue for Q2"},"content":{"rendered":"\n

The figure represents a 15 per cent increase compared to the second quarter of 2023.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Wynn Macau <\/strong>has shared its financial results for the\u00a0second quarter of the year.\u00a0It reported revenue of US$885.3m, down 11.3 per cent sequentially<\/a> but up 15 per cent\u00a0when\u00a0compared to last year.\u00a0The company recorded adjusted earnings before interest, taxation, depreciation, amortisation and rent\u00a0(EBITDAR) of US$280.4m<\/strong>, down 17.4 per cent\u00a0sequentially.<\/p>\n\n\n\n

On a property basis,\u00a0Wynn Palace\u00a0<\/strong>saw revenue of US$548.05m, up 17 per cent year-over-year but down 6 per cent when compared to the first quarter. Adjusted Property EBITDAR was US$184.4m. Casino revenue was up 21.8 per cent year-over-year at\u00a0US$444.9m, while VIP turnover was US$2.81bn, down 7.6 per cent. The mass table\u00a0drop was US$1.73bn, up 15.3 per cent year-over-year.<\/p>\n\n\n\n

The VIP table\u00a0games\u00a0win percentage was 44.1 per cent. The venue had 57 VIP gaming tables and 243 mass-market tables in operation during the period. Hotel occupancy was 98.9 per cent.<\/p>\n\n\n\n

Wynn\u00a0Macau<\/strong>\u2018s\u00a0revenue was US$337.27m, up 11.8 per cent year-over-year but down 18 per cent sequentially. Adjusted property EBITDAR was US$95.91m. Casino revenue grew by 15.5 per cent when compared to last year to US$280.71m while VIP turnover decreased by 16.3 per cent to US$1.16bn. The mass table\u00a0drop was US$1.6bn, up 31 per cent year-over-year.<\/p>\n\n\n\n

The VIP table games percentage win was 2.19 per cent. The Macau property had 30 VIP gaming tables and 222 mass-market tables in operation during the period. Hotel occupancy was 99.4 per cent.<\/p>\n\n\n\n

Total casino revenue for the group, including non-Asian operations, was down 6 per cent year-over-year at US$129.67m, while overall revenue was up 8.8 per cent at US$628.65m. Adjusted property EBITDAR was up 2.8 per cent to US$230.33m.<\/p>\n\n\n\n

Craig Billings<\/strong>, CEO of Wynn Resorts, said:\u00a0“Our second quarter results, including a new second-quarter record for Adjusted Property EBITDAR, reflect continued strength throughout our business. I am incredibly proud of our teams in Las Vegas, Macau and Boston.”<\/p>\n\n\n\n

See also:<\/strong> Macau casino operators eye potential Thai market, CLSA says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The figure represents a 15 per cent increase compared to the second quarter of 2023.<\/p>\n","protected":false},"author":176,"featured_media":26502,"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 Q2 2023 revenue of US$885.3m, a 15% year-over-year increase despite an 11.3% sequential decline, with adjusted EBITDAR at US$280.4m. Both Wynn Palace and Wynn Macau properties demonstrated robust year-over-year growth in revenue and mass market table drop, alongside high hotel occupancy, signaling a strong recovery in the Macau gaming vertical. However, VIP turnover experienced sequential and year-over-year declines across both properties.","focusai_entities":"Wynn Macau, Wynn Palace, Wynn Resorts, Craig Billings, CLSA","focusai_location":"Macau, Las Vegas, Boston, Thailand","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Mass Market Growth","query":"What specific operational or marketing initiatives are driving the significant year-over-year growth in mass table drop at Wynn Palace and Wynn Macau, and how sustainable is this trend given the sequential declines in overall revenue?"},{"label":"VIP Segment Strategy","query":"Given the sequential and year-over-year declines in VIP turnover across both Macau properties, what strategic adjustments is Wynn Resorts implementing to revitalize its high-roller segment, particularly in the context of evolving regional competition and regulatory frameworks?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,20777],"class_list":["post-777017934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017934","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=777017934"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017934\/revisions"}],"predecessor-version":[{"id":777017961,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017934\/revisions\/777017961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26502"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}