Gaming operator Wynn Macau, Limited recorded a 5.2 per cent year-on-year increase in its net profit attributable to owners in the second quarter of this year to US$168.6 million (MOP1.3 billion), according to Wynn Resorts, Limited most recent financial report.
Meanwhile, Wynn Macau’s total net gaming revenues increased 1.1 per cent year-on-year to US$1 billion.
“We were pleased to deliver year-over-year revenue growth at all of our properties in the second quarter, with particular strength in our core mass business in Macau and REVPAR in Las Vegas,” said Matt Maddox, CEO of Wynn Resorts, Limited.
Meanwhile operating revenues from Wynn Palace went up 1.3 per cent to US$628.9 million in the second quarter of this year, as adjusted property EBITDA dropped 6.8 per cent to US$167.2 million.
The group’s Cotai property total casino revenues saw a slight 0.7 per cent rise to US$528.5 million for the second quarter as VIP table games turnover in VIP operations went up 4.6 per cent to US$13.3 billion, with a VIP table games win as a percentage of turnover at 3.02 per cent, above the expected range of 2.7 per cent to 3.0 per cent.
At the same time, table drop in mass market operations in the property increased 4 per cent year-on-year to US$1.27 billion.
Non-casino revenues from Wynn Palace reached US$100.4 million between April and June, a 5.0 per cent increase from the same period last year.
The group announced in July that it will invest US$2 billion to expand its Wynn Palace resort, adding 650 luxury rooms, 650 suites, and a 270 ‘degree fully immersive’ entertainment theater.
Concerning the group’s Wynn Macau property, operating revenues went up slightly 0.6 per cent year-on-year to US$546.5 million for the second quarter of 2019,
as adjusted property EBITDA rised 1.7 per cent to US$175.9 million.
Casino revenues from Wynn Macau rose 1.7 per cent year-on-year to reach US$481.2 million in the same period, as VIP operations turnover dropped a considerable 33.4 per cent year-on-year to US$9.28 billion, while table drop in mass market operations went up 4.2 per cent to US$1.35 billion.
Non-casino revenues from Wynn Macau went down 6.8 per cent year-on-year to US$65.3 million for the second quarter.
