Wynn Macau’s net revenues dropped 13.8 per cent year-on-year to US$608.2 million in the first quarter, Wynn Resorts said in a statement in Las Vegas last week.
Adjusted property Ebitda decreased 9.9 per cent year-on-year to US$191 million.
According to the statement, table game turnover in the VIP segment amounted to US$13.47 billion, a 21.4 per cent decline from the first quarter of last year.
The average number of VIP tables fell to 189 units in the first quarter from 252 units a year earlier.
Table drop in the mass-market segment was US$1.21 billion, down 5.6 per cent year-on-year.
Slot machine handle rose 5.5 per cent to US$1.10 billion.
During the first quarter, total non-casino revenues, before promotional allowances, decreased 13.2 per cent to US$76.7 million, or 1.3 per cent of total net revenues.
“We expect to open Wynn Palace in the third quarter of 2016,” the statement said, referring to the company’s first resort in Cotai. As of March 31, total investment in the Cotai project including a 1,700-room hotel stood at US$3.7 billion, the statement said.
(Macau News / The Macau Post Daily)
