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.