Published
Land-BasedCasinoFinancial

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.

wynn palace ir

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.”

Premium+ Connections
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
 
Premium

Imagine Live

 
Premium

Revsharks

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium

Digitain

 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...