Wynn Resorts reports third quarter results

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Wynn Resorts has reported its financial results for the third quarter ended September 30, 2022.


Operating revenues were $889.7m for the third quarter of 2022, a decrease of $104.9m from $994.6m for the third quarter of 2021. Net loss was $142.9m for the third quarter of 2022, compared to net loss of $166.2m for 2021. Adjusted property EBITDA was $173.5m for the third quarter of 2022, compared to $154.6m for 2021.

“Our teams at Wynn Las Vegas and Encore Boston Harbor delivered a new third-quarter record for adjusted property EBITDA at our combined North American properties,” said CEO Craig Billings.

“Their relentless focus on five-star hospitality, combined with our market-leading facilities continue to elevate our properties above our peers as the destinations of choice for luxury guests in both Las Vegas and Massachusetts.  

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“In Macau, while Covid-related travel restrictions continued to negatively impact our results, we were pleased to experience encouraging pockets of demand during the recent October holiday period. We remain confident that the market will benefit from the return of visitation over time.”

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