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Gaming

Wynn Macau profit jumps 34% sequentially to US$170 M in 4Q23

Thursday 08 de February 2024 / 12:00

2 minutos de lectura

(Macau).- The Macau operations of US-based casino giant Wynn Resorts Ltd saw operating income reach US$169.8 million in the three months to 31 December 2023, up 33.6% on the September quarter and reversing a US$181.3 million loss for the same period in 2022.

Wynn Macau profit jumps 34% sequentially to US$170 M in 4Q23

Adjusted Property EBITDAR of US$297.0 million was also 16.5% higher sequentially, aided primarily by the strong rebound in casino revenues at Macau integrated resorts Wynn Palace and Wynn Macau.

According to information released early Thursday (Asia time) by Wynn Macau Ltd’s US parent, Cotai property Wynn Palace saw operating revenues increase by 364% year-on-year to US$524.4 million, including a 506% improvement in casino revenues to US$417.3 million. This comprised a 365% improvement in mass table win to US$404.5 million and 232% improvement in slot machine win to US$27.6 million, however VIP win grew exponentially from US$1.1 million in 4Q22 to US$93.9 million. Hotel revenue was 312% higher at US$50.5 million.

Likewise, peninsula property Wynn Macau reported operating revenues of US$386.2 million – up 400% year-on-year – with casino revenues rising 524% to US$320.6 million. Mass table games win was up 444% year-on-year to US$297.7 million and slots win by 164% to US$20.8 million, while VIP win of US$125.8 million reversed a segment loss of US$35.2 million a year earlier.

Group-wide, Wynn Resorts reported operating revenues of US$1.84 billion in 4Q23, up 83.6%, with net income of US$729.2 million. Adjusted Property EBITDAR of US$630.4 million was 223% higher year-on-year.

“The strong momentum we built throughout 2023 continued during the fourth quarter with Adjusted Property EBITDAR reaching a new all-time record,” said Wynn Resorts CEO Craig Billings.These impressive results highlight our team’s relentless focus on delivering five-star hospitality, which continues to elevate our properties above our peers as the destinations of choice for luxury guests in Las Vegas, Boston and Macau.”

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

Event

Peru Gaming Show 2025

18 de June 2025

PGS 2025 exceeds all expectations with record attendance and strong support from public and exhibitors

(Lima, SoloAzar Exclusive).- The latest edition of Peru Gaming Show established itself as a key event in the Latin American gaming industry, with more than 5,000 daily attendees from 40 countries and a vibrant exhibition hall. Strategic conferences and high-level networking rounded out this historic edition. SoloAzar shares all the details in this interview with Joe López, CEO of AMG, the event organizer.

Wednesday 02 Jul 2025 / 12:00

PGS 2025 : Win Systems shines with Gold Club Colors and strengthens its leadership in casino solutions

(Barcelona).- Win Systems, a leading provider of technology for the gaming and entertainment industry, wrapped up a highly successful participation at the Peru Gaming Show 2025 (PGS).

Wednesday 02 Jul 2025 / 12:00

Amatic Returns to Peru with a Bang: New Jackpot Games and Bold Expansion at PGS 2025

(Lima, SoloAzar Exclusive).- After an eight-year hiatus, Amatic made a powerful comeback at the Peru Gaming Show 2025, unveiling its latest multigame titles and the thrilling ‘Lucky Link’ jackpot series. The company is betting big on Peru’s dynamic gaming scene. Read about the strong reception and big plans for LatAm growth in this interview with Lawrence Levy, Amatic Commercial Director for the Americas.

Wednesday 02 Jul 2025 / 12:00

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