Published
Land-BasedCasinoFinancial

Wynn Resorts reports 29% revenue increase for Q1 2022

Wynn Resorts has reported operating revenue of $953.3m for the first quarter of 2022, a 29% increase from the first quarter of 2021.

wynn q1
Listen To Article

The group noted that its Macau Operations for Q1 2022 continued to be negatively impacted by certain travel-related restrictions amid the ongoing pandemic, including Covid-19 testing and other mitigation procedures.

Operating revenue for Wynn Palace was $163.3m for the period, with Wynn Macau posting revenue of $135.1m.

Wynn’s Las Vegas Operations meanwhile posted revenue of $441.2m for the period, with adjusted property EBITDA of $159.4m. And Encore Boston Harbor revenue amounted to $190.8m, with adjusted property EBITDA amounting to $55.3m.

Net loss attributable to the operator was $183.3m for Q1 2022, compared to $281m in the prior-year period. And adjusted EBITDA was $177.6m for the period, compared to $58.9m in the prior-year period.

Casino represented the majority of total revenue with $489.9m, followed by Food and Beverage at $174m. Rooms and Entertainment, retail and other represented totals of $170.4m and $119m respectively.

“Our first quarter results reflect continued strength at both Wynn Las Vegas and Encore Boston Harbor where our teams’ unrelenting focus on five star hospitality and world class experiences combined with very strong customer demand to deliver a new first quarter record for adjusted property EBITDA at both properties,” said Wynn Resorts CEO Craig Billings.

“In Macau, we remain confident that the market will benefit from the return of visitation when travel restrictions subside.”

Premium+ Connections
Premium
 
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Ainsworth Game Technology
Seneca Gaming Corporation
Isle of Man Gambling Supervision Commission
Gaming Inspection and Coordination Bureau (DICJ)
Follow Us

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the Lead Partner

A message from BetConstruct - Lead Partner of the Global Gam...

The year in review

The Event Manager of the Global Gaming Awards reviews the mo...

Casino Operator of the Year 2025

We present to you the 2025 Shortlist for the Casino Operator...

Facing facts: FY revenue figures reflect a turbulent '24

Who soared high and who fell behind in 2024? Gambling Inside...

Taking stock: Moving through to Q2

Gambling Insider tracks online casino operator and supplier...

Preview: This year's Global Gaming Awards Asia-Pacific and Americas

It’s that time of year once again, as the Global Gaming Aw...

Costa Rica: Effective regulation is the industry's path forward

Gambling Insider Senior Staff Writer Beth Turner spoke with...