Wynn Macau reports US$351m loss for Q2

Wynn Macau casino and resort has revealed financial results for the second quarter of the year showing a net loss of US$351 million.

Macau.- Casino operator Wynn Macau has revealed financial numbers for the second quarter of the year showing US$351.5 million (MOP2.8 billion) in net losses.

It had reported US$168.6 million in net profit in the same period last year.

Due to Covid-19 pandemic measures, and with border restrictions severely limiting visitor numbers, the group saw US$300.7 million in operating losses, with operating revenues for the second quarter of this year falling 98.2 per cent year-on-year to US$20.6 million.

Operating revenues from Wynn Palace were down 98.6 per cent year-on-year to US$8.7 million for the second quarter, and Wynn Macau saw operating revenues plunge 97.8 per cent to US$11.9 million.

Wynn Palace saw VIP turnover of US$1.7 billion during the second quarter, and a mass-market table drop of US$22 million, down 87 per cent and 88 per cent respectively year-on-year.