Summary by Futu AI
Wynn Resorts, Limited, the controlling shareholder of Wynn Macau Limited, announced its unaudited performance for the second quarter ending June 30, 2024 and the first half of the 2024 fiscal year on August 6, 2024. The results show that the operating income of Wynn Palace, Wynn Macau and Las Vegas businesses increased, while Encore Boston Harbor decreased. The mid-market business of Wynn Macau has increased in table win percentage, and the VIP table win percentage of turnover was higher than the expected range. As of June 30, 2024, Wynn Macau and its subsidiaries held cash and cash equivalents of 1.38 billion US dollars. The total amount of outstanding current and long-term debt was 11.03 billion US dollars. Wynn Resorts, Limited's financial performance is prepared in accordance with US generally accepted accounting principles and differs from the International Financial Reporting Standards used by Wynn Macau, so it cannot be directly compared. Investors should exercise caution when buying and selling Wynn Macau securities.
