Wynn Macau grows 300%

American casino operator Wynn publishes revenue report addressing gaming operations in Macau.

Macau.- The financial report of Wynn Palace in Macau was published by the American gaming company this week, revealing a total growth of 300 percent during the casino operations of the fourth quarter of last year. The company’s net profit during this period achieved a total of €152.7 million in Macau alone.

“The ramp up at Wynn Palace was anchored by strong share taking in mass. Rolling volume at Palace was 104 percent of Peninsula, while mass GGR was 118 percent of Peninsula. Slots at Palace showed accelerating ramp up, over 31 per cent quarter-on-quarter. With the newly expanded Red 8 restaurant, a converted café and continued marketing program and the opening of MGM Cotai next week, foot traffic should continue to improve,” stated the report published by the brokerage firm Sanford C. Bernstein Ltd.

Wynn Macau has reached €1 billion in the period, whilst last year the company had reached €748.1 million. Furthermore, the adjusted property EBITDA reached €306 million. Wynn Macau casino revenue has grown 46.9 per cent year-on-year, compared to the fourth quarter of 2016.

Meanwhile, the company plans to strengthen its presence in the United States by investing approximately €81.5 million to buy properties surrounding its resort casino in Everett. The exclusive touristic and entertainment experience in Massachusetts, USA, will be opened by mid-2019.