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Wynn Macau revenue falls 98.2% in Q2

Wynn Macau said that its total operating revenues fell 98.2% year-on-year to US$20.6 million (MOP 163.9 million) in the first quarter of the year.

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Hong Kong-listed US gaming operator Wynn Macau said today that its total operating revenues fell 98.2 per cent year-on-year to US$20.6 million (MOP 163.9 million) in the first quarter of the year.

According to a statement to the Hong Kong Stock Exchange, the company recorded an operating loss of US$300.7 million in the April-June period. Wynn Macau’s net loss attributable to the owners of the company amounted to US$351.5 million.

In the second quarter of last year, Wynn Macau reported an operating profit of US$202.1 million.

The company, which owns two of Macao’s 41 casinos, blamed its loss-making operation in the second quarter on the economic impact of the COVID-19 pandemic.

Macao’s gaming, tourism, retail and media sectors have been particularly hard hit by the pandemic.

(The Macau Post Daily/ Macau News)
PHOTO © Nordaq

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