Wynn Macau reports US$351m loss for Q2

Wynn continues to suffer the impact of the pandemic.
Wynn continues to suffer the impact of the pandemic.

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.

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