× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 23 January 2018
Wynn Resorts net revenues up 29.9% in Q4 2017
By Robert Simmons
Worldwide casino resort operator Wynn Resorts has revealed a 29.9% year-on-year rise in its net revenues during the fourth quarter of 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.

RELATED TAGS: Land-Based | Industry | Marketing | Financial | Casino
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
´╗┐The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age