Wynn Resorts net revenues up 29.9% in Q4 2017

Publishing its financial results for the period, the casino group reported net revenues of $1.69bn, rising $388.7m from the $1.30bn reported during the same period in 2016.

Full-year 2017 net revenues for the group topped $6.31bn, jumping 41.2% year-on-year from the $4.47bn reported during the 2016 financial year.

Net income attributable to Wynn Resorts’ US operations grew year-on-year by a whopping 332.8%, from $113.8m in the fourth quarter of 2016 to $491.7m in the same period of 2017.

Wynn Macau net revenues topped $618.6m for the fourth quarter of 2017, a 24.1% year-on-year increase from the $498.4m reported during the fourth quarter of 2016.

Net revenues from Wynn Palace, which only opened in August 2016, grew by 65.6% year-on-year to $693.4m during Q4 2017 from the previous Q4 2016 high of $418.7m.

Wynn Resorts’ total debts outstanding at the end of the fourth quarter of 2017 were $9.63bn, of which $3.6bn was Macau-related debt and $3.16bn was related to Wynn Las Vegas.

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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