The casino operator has announced an interim dividend of HK$0.075 (US$0.01) per share.<\/p>\n\n\n\n\n\n\n\n
Macau.- Wynn Macau has announced an interim dividend of HK$0.075 (US$0.01) per share to be paid on September 12. The company resumed dividend payments after announcing a 2023 final dividend of HK$0.075 per share in March. In June, the board approved amendments to policy<\/a>, allowing it to meet semi-annually to consider the declaration of dividends.<\/p>\n\n\n\n The company has reported a revenue of US$885.3m<\/a> for the second quarter of the year. That’s a decline of 11.3 per cent\u00a0sequentially<\/a> but a rise of 15 per cent\u00a0when compared to last year.\u00a0It also recorded adjusted earnings before interest, taxation, depreciation, amortisation and rent\u00a0(EBITDAR) of US$280.4m, down 17.4 per cent\u00a0sequentially.<\/p>\n\n\n\n Casino revenue, 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, CEO of Wynn Resorts, said:\u00a0\u201cOur 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The casino operator has announced an interim dividend of HK$0.075 (US$0.01) per share.<\/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 has declared an interim dividend of HK$0.075 per share, resuming semi-annual payments following a board-approved policy amendment. The company reported Q2 revenue of US$885.3m, an 11.3% sequential decline but a 15% YoY increase, alongside adjusted EBITDAR of US$280.4m. This financial performance includes a new Q2 record for Adjusted Property EBITDAR.","focusai_entities":"Wynn Macau, Wynn Resorts, Craig Billings","focusai_location":"Macau, Las Vegas, Boston","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Sustainability","query":"What is the long-term sustainability outlook for Wynn Macau's semi-annual dividend payments given the sequential revenue decline, and how does this align with their capital expenditure plans for future growth initiatives?"},{"label":"Macau Market Impact","query":"How do Wynn Macau's Q2 results, particularly the sequential revenue decline in Macau, reflect broader market recovery trends and competitive pressures within the SAR's gaming vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[20777],"class_list":["post-777018209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018209","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=777018209"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018209\/revisions"}],"predecessor-version":[{"id":777018236,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018209\/revisions\/777018236"}],"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=777018209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}