Published
Financial

Wynn Resorts Q3 revenue soars in Macau as Las Vegas declines

Wynn Resorts has reported a 10% year-on-year increase in operating revenues for Q3 to $1.71bn.

wynnresortsmacau

However, figures for Wynn Resorts’ Macau and Las Vegas operations told two very different stories.

Wynn Palace operating revenue increased 39% to $730.6m, while Wynn Macau rose 3% to $579.6m.

But operating revenues in Las Vegas fell 14% to $398.9m, with casino, non-casino and table game revenues all falling.

A notable trend for Wynn Resorts was the growth of its non-casino revenues in Macau, with Wynn Palace generating $105m, a 35% rise, and Wynn Macau generating $76.1m, a 20% increase.

Adjusted Property EBITDA rose 7% to $504.4m, although this was again due to performance in Macau and was partially offset by a Las Vegas decline.

The operator also expects to open its new casino Encore Boston Harbor in mid-2019, having so far incurred $1.83bn in total project costs, with $2.6bn projected by completion.

Gross gaming revenue within the Macau casino industry was its highest for four years during the month of October, boding well for Wynn Resorts' performance in Q4, despite warnings of a "slowdown" after Golden Week.

Premium+ Connections
Premium

RISK

 
Premium

Sport Generate

 
Premium

Imagine Live

 
 
Premium

Lynon

 
Premium

Digitain

 
Premium

Galaxsys

 
Premium

1xBet Partners

 
 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

LeoVegas

Mattias Wedar

Kalshi

Sara Slane

Follow Us

Taking stock: Counting on crypto

Gambling Insider tracks the value of the biggest cryptocurre...

In focus: MiFinity

A trusted payments partner for the iGaming industry....

Panel: LatAm and crypto lead the way

During the SBC Summit Americas in Florida, executives from N...

In focus: Spayz.io

Payments that actually work for iGaming operators…...

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...