• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 29 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
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
No Result
View All Result
IAG
No Result
View All Result

Wynn’s Macau resorts profitable again in 1Q23 on US$156 million in EBITDAR

Ben Blaschke by Ben Blaschke
Wed 10 May 2023 at 05:01
Wynn Macau named Official Venue Partner for Asia’s 50 Best Restaurants 2022

Wynn Macau

26
SHARES
647
VIEWS
Print Friendly, PDF & Email

The Macau operations of Wynn Resorts Ltd soared back into profit in 1Q23, with the company reporting operating income of US$47.1 million and Adjusted Property EBITDAR of US$155.8 million.

The results reversed an income loss of US$98.3 million and an Adjusted EBITDAR loss of US$5.5 million in the same period last year, boosted by the reopening of Macau’s borders on 8 January.

Wynn had previously reported a US$181.3 million income loss and US$59.1 million Adjusted property EBITDAR loss in the December 2022 quarter.

The 1Q23 result saw a 126% year-on-year increase in revenues at Wynn Palace to US$369.4 million, including a 137% increase in casino revenues to US$270.7 million. Mass table games dominated with win of US$260.9 million, while VIP table games produced win of US$62.4 million and slot machines win of US$25.4 million.

Adjusted Property EBITDAR of US$111.1 million reversed a US$864,000 loss in 1Q22.

At peninsula property Wynn Macau, operating revenues grew by 71% year-on-year to US$230.7 million of which US$176.4 million was driven via casino gaming. Mass table games produced win of US$168.4 million, while VIP table games contributed win of US$30.8 million and slot machines win of US$16.3 million.

Adjusted Property EBITDAR of US$44.7 million at Wynn Macau reversed a US$4.7 million loss a year earlier.

Group-wide, Wynn Resorts reported net income of US$12.3 million in 1Q23, compared to a US$183.3 million loss in the March 2022 quarter, with operating revenues rising 49% year-on-year to US$1.42 billion. Adjusted Property EBITDAR of US$429.7 was up 142% on the same period last year.

“For the first time in over three years, each of our resorts is generating strong financial results, which is once again a testament to our team’s relentless focus on delivering five-star hospitality and experiences to our guests,” said Wynn CEO, Craig Billings.

“In the US, Wynn Las Vegas and Encore Boston Harbor are firing on all cylinders, generating a new all-time record for Adjusted Property EBITDAR at our combined North American properties during the quarter.

“In Macau, after several challenging years, we were pleased to experience a meaningful return of visitation and demand, particularly in our mass gaming and retail businesses. We believe we are well-positioned for success in Macau’s next phase of growth.”

With the company profitable again following the challenges of the COVID years, Wynn Resorts also announced the return of quarterly dividends with US$0.25 per share to be paid out for the March 2023 quarter.

RelatedPosts

Team Spirit

SJM moves towards acquisition of Hengqin office space for new hotel development, adds another 5,000 square meters to plans

Mon 28 Jul 2025 at 18:01
Macau’s SJM to close satellite casino Grandview this Wednesday

Macau’s SJM to close satellite casino Grandview this Wednesday

Mon 28 Jul 2025 at 11:36
MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

Macau visitor arrivals rise 13.3% year-on-year to 2,891,003 in June

Fri 25 Jul 2025 at 05:45
IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Thu 24 Jul 2025 at 14:20
Load More
Tags: Craig BillingsMacauprofitWynn MacauWynn PalaceWynn Resorts
Share10Share2
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

FBM Foundation brings relief to Philippine communities impacted by typhoons

FBM Foundation brings relief to Philippine communities impacted by typhoons

by Newsdesk
Tue 29 Jul 2025 at 13:41

FBM Foundation led a relief operation across Luzon on Sunday 27 February to support the communities affected by Typhoons Crising, Dante and Emong, the company said. Focusing on swift mobilization, FBM Foundation prepared and distributed 1,000 relief packages in Batangas...

IAG announces BRB at Solaire Resort Entertainment City as venue for final Manila After Dark Of 2025 on Fri 12 December

IAG announces BRB at Solaire Resort Entertainment City as venue for final Manila After Dark Of 2025 on Fri 12 December

by Newsdesk
Tue 29 Jul 2025 at 12:58

Inside Asian Gaming is pleased to announce that the next edition of networking social Manila After Dark (MAD 33) will be held at BRB (formerly known as Baccarat Room & Bar) at Solaire Resort Entertainment City on the evening of Friday 12...

Bally’s Corp unable to trademark name in Australia because local Sydney bowling club beat them to it

Bally’s Corp unable to trademark name in Australia because local Sydney bowling club beat them to it

by Newsdesk
Tue 29 Jul 2025 at 05:55

An attempt by US casino giant Bally’s Corp’s to trademark its name for potential use in Australia has been blocked because a local lawn bowling club known as “The Bally” has beaten them to it. Bally’s Corp is in the...

Philippine President Marcos steers clear of online gaming issue during lengthy State of the Nation Address

Philippine President Marcos steers clear of online gaming issue during lengthy State of the Nation Address

by Ben Blaschke
Tue 29 Jul 2025 at 05:22

Philippines President Ferdinand R Marcos Jr delivered his latest State of the Nation Address (SONA) on Monday, detailing his government’s plans around the budget, social and economic programs, international relations and national security. But one issue notable for its absence...

Your browser does not support the video tag.


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

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
  • 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.

  • English