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Strong second quarter growth boosts Wynn’s revenues

Wynn’s resorts are bouncing back, with the premium mass market proving especially fruitful.

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Wynn’s resorts are bouncing back, with the premium mass market proving especially fruitful.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:43 am

Wynn Resorts reported yesterday year-on-year revenue growth for its two casino-hotel resorts in Macao in the second quarter. 

A spokesman for the US gaming operator said operating revenues at Wynn Palace in Cotai grew to US$270.4 million in the second quarter, an increase of US$261.7 million from US$8.7 million for the same quarter of 2020. 

Operating revenues at Wynn Macau in NAPE were US$184.0 million for the second quarter of this year, an increase of US$172.1 million from US$11.9 million for the same quarter of 2020. 

Matt Maddox, CEO of Wynn Resorts, commented: “While there have been some fits and starts along the road to recovery in Macao, we were encouraged by the strong demand we experienced during the May holiday period, particularly in our premium mass casino and luxury retail segments.”  

 

UPDATED: 22 Dec 2023, 4:43 am

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