• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 19 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Wynn’s Macau properties record US$216 million loss in 3Q20

Ben Blaschke by Ben Blaschke
Fri 6 Nov 2020 at 05:55
Matt Maddox says Wynn Resorts has formed local Japan consortium, multiple cities targeted
28
SHARES
693
VIEWS
Print Friendly, PDF & Email

Wynn Resorts has reported a loss of US$216 million at its Macau resorts during the three months to 30 September 2020, impacted by COVID-19 restrictions that continued to prevent cross-border travel throughout the quarter.

Revenue for the three-month period fell 93.7% to US$67.1 million with an Adjusted EBITDA loss of US$112.1 million, slightly improved from revenue of just US$20.6 million and Adjusted EBITDA loss of US$193.5 million in 2Q20.

Much of the company’s declines were felt at flagship Cotai resort Wynn Palace, which reported operating revenues of US$15.7 million for the third quarter, a 97.4% decrease from US$598.2 million in 3Q19.

Adjusted Property EBITDA at Wynn Palace was a US$77.6 million loss.

At peninsula property Wynn Macau, operating revenues fell 89.2% to US$51.4 million with an Adjusted Property EBITDA loss of US$34.5 million.

Across both properties combined, VIP table games win for the quarter was US$19.7 million and mass table win US$24.9 million. Wynn Macau Ltd had reported an actual loss on casino play in the second quarter of US$15 million.

Group-wide revenue, including Wynn Resorts’ US properties and recently launched interactive business, declined 77.5% to US$370.5 million with a net loss of US$758.1 million.

“We are encouraged by the progress we have made in each of our properties over the past several months, despite the ongoing impact of the virus and related operating limitations,” said Wynn Resorts CEO Matt Maddox.

“Encore Boston Harbor delivered record quarterly EBITDA during the third quarter, while Wynn Las Vegas continued to experience strong leisure demand on weekends with solid hotel occupancy and casino play. In Macau, visitation restrictions have begun to gradually and thoughtfully ease, allowing us to achieve EBITDA break-even in October. We are confident that Macau will continue to benefit from the return of consumer demand as we head into 2021.”

RelatedPosts

SJM and Macau police hold large-scale drill simulating casino robbery

SJM and Macau police hold large-scale drill simulating casino robbery

Thu 17 Jul 2025 at 12:37
Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

Macau VIP baccarat up almost 23% year-on-year to US$2 billion in June 2025 quarter

Thu 17 Jul 2025 at 07:04
Macau visitor numbers back to 95% of 2019 levels in first half of 2025

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

Wed 16 Jul 2025 at 14:47
Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Jefferies updates Macau GGR forecast for 2025 following recent market strength

Wed 16 Jul 2025 at 06:33
Load More
Tags: MacauMatt Maddoxthird quarterWynn MacauWynn PalaceWynn Resorts
Share11Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners said to be eying Crown Resorts to run casino at Queen’s Wharf Brisbane if takeover talks succeed

by Ben Blaschke
Fri 18 Jul 2025 at 11:11

Star Entertainment Group’s Hong Kong partners are reportedly looking to replace Star with its local rival Crown Resorts as operator of the casino at Queen’s Wharf Brisbane should the partners complete a deal to acquire Star’s 50% stake in the...

Inside Thai IRs

Las Vegas Sands’ Patrick Dumont says Thailand needs “regulatory clarity, long-term vision” to fulfil entertainment complex ambitions

by Ben Blaschke
Fri 18 Jul 2025 at 06:02

The President and Chief Operating Officer of Las Vegas Sands Corp, Patrick Dumont, has highlighted the concerns of international investors around Thailand’s stalled push to legalize casino gaming, noting the need to ensure “regulatory clarity” and “long-term vision”. He also...

Melco awarded 20-year license to operate City of Dreams Sri Lanka

Bollywood star pulls out of City of Dreams Sri Lanka opening but flagship event to continue as planned

by Newsdesk
Fri 18 Jul 2025 at 05:51

Melco’s City of Dreams Sri Lanka will hold its Grand Opening on 2 August, but will have to do so without the presence of the event’s main attraction after Bollywood star Shah Rukh Khan was a late withdrawal. Khan’s agency...

SJM and Macau police hold large-scale drill simulating casino robbery

SJM and Macau police hold large-scale drill simulating casino robbery

by Pierce Chan
Thu 17 Jul 2025 at 12:37

Six government departments including Macau police agencies held a large-scale drill in partnership with SJM Resorts on Wednesday in which they simulated a bomb threat and armed robbery at a casino. The exercise, named “Wolf Capture 2025”, involved the Unitary...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語