Wynn Resorts revenue rise in Q3
Revenues totalled $1.83bn, an increase of $140.4m from $1.69bn for the same period in 2024.
US.- Wynn Resorts has reported financial results for the third quarter ended September 30. Revenue totalled $1.83bn, an increase of $140.4m from Q3 2024. Net income was $88.3m, compared to net loss of $32.1m. Adjusted property EBITDAR was $570.1m, compared to $527.7m for the third quarter of 2024.
Operating revenue from Wynn Palace Macau was $635.5m, up $115.7m. Wynn Macau operating revenue totalled $365.5m, an increase of $13.6m. Las Vegas operations generated operating revenue of $621m, up $13.8m and adjusted property EBITDAR of $203.4m, compared to $202.7m for Q3 of 2024. Operating revenue from Encore Boston Harbor was $211.8m, a decrease of $2.4m.
During Q3, the company contributed $93.9m of cash to the 40 per cent-owned joint venture constructing Wynn Al Marjan Island in the UAE, bringing cash contributions to the project to $835m. The property is expected to open in 2027.
Craig Billings, CEO of Wynn Resorts, said: “Our third quarter results were marked by impressive EBITDA growth in Macau, and continued outperformance in Las Vegas. In Macau, we achieved healthy market share and saw a significant increase in mass table drop year over year. In Las Vegas, the team delivered another quarter of year over year EBITDA growth and continued to take gaming market share. We also made significant progress on the completion of Wynn Al Marjan Island, where we are now pouring concrete for the remaining few floors of the 70-story tower.”
In May, Wynn Resorts announced its decision to withdraw from the bidding process for one of the three available casino licences in downstate New York.
