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Wynn Resorts reports $995m in Q3 revenue

Wynn Resorts has reported revenue of $994.6m for the third quarter of 2021, a 168% increase from the prior-year period.

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Net loss for the period was $166.2m, with Adjusted Property EBITDA at $154.6m.

In Macau, Wynn Palace reported revenue of $181.3m, up from $15.7m in Q3 2020. Wynn Macau revenue meanwhile climbed from $51.4m in the third quarter of 2020 to $130.7m in the third quarter of 2021.

In Las Vegas, revenue for the period was $476m, having amounted to $186.7m in Q3 2020. Table games win percentage in Vegas was 21.7%, below the expected range of 22% to 26%. And in Encore Boston Harbour, revenue totalled $192.2m, up from $116.7m in Q3 2020. Table games win percentage here was 21.4%, within the expected range of 18% to 22%.

“We were pleased to deliver record Adjusted Property EBITDA at both Wynn Las Vegas and Encore Boston Harbor during the third quarter," said Matt Maddox, CEO of Wynn Resorts, Limited.

“With our recent investments in innovative food and beverage offerings, a new convention facility in Las Vegas and a revamped casino loyalty program, the best days are ahead for our business in North America.

“And while there have been some fits and starts along the road to recovery in Macau, we are confident that Macau will benefit from the return of consumer demand as we progress through 2022.”


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