Wynn Macau (01128) announced that the controlling shareholder is Wynn Resorts, Limited.
Wisdom Financial APP News, Wynn Macau (01128) announced the third-quarter business performance of 2024, with Macau business operating income of approximately 0.144 billion US dollars, a year-on-year increase of 12.95%. The adjusted property EBITDAR is approximately 0.263 billion US dollars, a year-on-year increase of 3.09%.
Wynn Macau and Encore Boston Harbor had an increase in operating income of 56.9 million US dollars and 3.7 million US dollars respectively in the third quarter of 2024 compared to the third quarter of 2023. Meanwhile, Las Vegas business and Wynn Palace saw decreases of 11.8 million US dollars and 5 million US dollars respectively.
In the third quarter of 2024, Wynn Macau and Encore Boston Harbor saw an increase in adjusted property EBITDAR of 22.7 million US dollars and 2.5 million US dollars respectively compared to the third quarter of 2023. Meanwhile, Las Vegas business and Wynn Palace saw decreases of 17 million US dollars and 14.8 million US dollars respectively.
In the third quarter of 2024, Wynn Palace's operating income was 0.5198 billion US dollars, a decrease of 5 million US dollars from the third quarter of 2023 which was 0.5248 billion US dollars. The adjusted property EBITDAR for the third quarter of 2024 was 0.1623 billion US dollars, while it was 0.177 billion US dollars in the third quarter of 2023. The win rate for mass market table games was 23.9%, higher than the 23.3% recorded in the third quarter of 2023. The VIP table games win rate as a percentage of rolling chip volume was 3.04%, lower than the property's expected range of 3.1% to 3.4%, and also lower than the 3.42% recorded in the third quarter of 2023.
In the third quarter of 2024, Wynn Macau's operating income was 0.352 billion US dollars, an increase of 56.9 million US dollars from the third quarter of 2023 which was 0.295 billion US dollars. The adjusted property EBITDAR for the third quarter of 2024 was 0.1006 billion US dollars, while it was 77.9 million US dollars in the third quarter of 2023. The win rate for mass market table games was 18.5%, higher than the 16.5% recorded in the third quarter of 2023. The VIP table games win rate as a percentage of rolling chip volume was 3.61%, higher than the property's expected range of 3.1% to 3.4%, and also higher than the 3.52% recorded in the third quarter of 2023.
President and CEO of Wynn Resorts Limited, Ian Coughlan, said: "Our third-quarter performance reflects the steady progress of demand across all our resorts, particularly with strong mass market table games win in Macau and outstanding non-gaming performance in Las Vegas. Our investments in properties, teams, and unique planning solidify our leadership position in various markets, continuing to set us apart from the rest."