Wynn Macau jumps back to positive in Q4

Wynn Macau finished the last quarter of 2020 with some US$39.4 million (MOP314.6 million) in positive adjusted operating EBITDA, leaving the red after reporting some US$112.1 million in negative operating losses in the previous quarter.

The group’s Wynn Palace property finished the three month period switch some US$28.7 million in adjusted operating EBITDA, with Wynn Macau reporting some US$10.7 million.

“We are encouraged by the progress we have made at each of our properties over the past several months, as we continue along the road to recovery from the pandemic,” the CEO of Wynn Resorts, Limited, Matt Maddox, indicated in the latest financial report.

“In Macau, the gradual and thoughtful easing of visitation restrictions allowed us to return to Adjusted Property EBITDA profitability in the fourth quarter, with particular strength in our premium mass business

Wynn Macau reported a total of US$181.9 million in operating revenues in the fourth quarter of the year, a 254 per cent increase from the previous quarter while operating losses contacted from US$207.9 million to US$74.3 million

Overall the gaming group finished 2020 with some US$236.8 million in net operating losses.