Operator’s results show improved revenues

Home » Operator’s results show improved revenues

Major US casino operator Wynn Resorts in its first quarter report announced operating revenues at $953.3m, up $216.7m on last year.

Most of the improvement came from the group’s Las Vegas and Boston Harbor properties, while the Wynn Palace and Wynn Macau returns fell $74m and $44.6m respectively.

The outcome was a net loss of $183.3m, a nevertheless substantial improvement on the net loss of $281m in 2021.

The adjusted property EBITDA was $177.6m compared with $58.9m last year, reported Craig Billings (pictured), CEO. He said: “The 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.”

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