Wynn Resorts revenue decreases in Q1
Operating revenue was $1.70bn for the first quarter ended March 31.
US.- Wynn Resorts has reported financial results for the first quarter ended March 31, 2025. Operating revenue was $1.70bn for Q1, a decrease from $1.86bn for the first quarter of 2024. Net income was $72.7m compared to $144.2m for the first quarter of 2024. Adjusted Property EBITDAR was $532.9m, compared $646.5m for the same period in 2024.
Craig Billings, CEO of Wynn Resorts, said: “Our first quarter results reflect continued strength throughout our business. In Las Vegas, where we recently celebrated the resort’s 20th anniversary, the team delivered healthy results against a record prior year comparison which reflected the Las Vegas Super Bowl. In Macau, while VIP hold negatively impacted results, we held market share in our expected range, and announced an increased dividend from Wynn Macau, Limited, reflecting the strong free cash flow generated by the business.
“In addition, construction of our growth project in the UAE, Wynn Al Marjan Island, continued to advance with the hotel tower reaching the forty-seventh floor. At the same time we continued to return capital to shareholders through our regular quarterly dividend and the repurchase of $200 million of stock in the quarter.”
