Wynn reports operating revenue decrease

Wynn Resorts has reported financial results for the fourth quarter and year ended December 31, 2020, with operating revenues of $686m for Q4, a decrease of 58.5 per cent.

Net loss attributable to Wynn Resorts was $269.5m, or $2.53 per diluted share, for the fourth quarter of 2020, compared to net loss of $72.9m in the fourth quarter of 2019.

Adjusted Property EBITDAwas $69.8m for the fourth quarter of 2020, compared to $443.1m in the fourth quarter of 2019.

“We are encouraged by the progress we have made at each of our properties over the past several months, as we continue along the road to recovery from the pandemic,” said Matt Maddox, CEO.