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Wynn Macau books a profit of HK$87.4 million for the first half of 2023

In reporting its results, the company drew attention to the ongoing recovery of Macao’s gaming sector and ‘future opportunities for us to invest and grow.’

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In reporting its results, the company drew attention to the ongoing recovery of Macao’s gaming sector and ‘future opportunities for us to invest and grow.’

ARTICLE BY

PUBLISHED

UPDATED: 21 Dec 2023, 11:27 pm

Wynn Macau reported operating revenues of HK$10.7 billion for the first half of the year, according to a regulatory filing, with casinos contributing almost HK$8.3 billion of the total. 

The sum compares to HK$3.2 billion in revenues reported in the same period in 2022.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first six months of 2023 stood at HK$2.7 billion, with the company reporting a profit attributable to owners of HK$87.4 million compared to a loss of HK$3.6 billion a year earlier.

[See more: This is how much revenue Galaxy generated in the first half of 2023]

In its statement, Wynn drew attention to the continued recovery of Macao’s gaming sector.

“Macao is located in one of the world’s largest concentrations of potential gaming and tourism customers,” it said.

The gaming concessionaire added: “We believe that Macao’s stated goal of becoming a world-class tourism destination will continue to drive additional visitation to the market and create future opportunities for us to invest and grow.”

 

UPDATED: 21 Dec 2023, 11:27 pm

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