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NEWS 31 January 2019

Wynn Resorts Q4 revenue increases due to Wynn Palace income

By Nathan Joyes

Wynn Resorts has announced its year-on-year operating revenue for Q4 increased by 4%, rising to $1.69bn.

In 2018, full-year operating revenues increased by 11% to $6.72bn.

It was Wynn Palace which excelled, with a year-on-year growth of 13% in Q4, while Wynn Macau struggled, announcing a 5% decrease during the same period.

Adjusted Property EBITDA also rose by 4% to $499.4m, while full-year Adjusted Property EBITDA increased by 13%.

Earlier this week, the operator agreed a fine with the Nevada Gaming Control Board (NGCB) after admitting executives failed to report sexual misconduct allegations against Steve Wynn.

The NGCB has yet to determine the size of the fine.

RELATED TAGS: Financial
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