Wynn Resorts Post Full Yearly Results
US Gaming company Wynn Resorts announced their fourth quarter and full year ending results with revenues for the quarter at $1 billion a dip of $48.2 million from the last quarter of the previous year at $1.05 billion.
Profit for the quarter was $32.4 million that is a positive rise from the loss of $177.2 million for the same quarter of 2021. EBITDAR was $195.1 million for the fourth quarter of 2022, compared to EBITDAR of $149.1 million for the fourth quarter of 2021.
For the full year ending 31 December 2022 total revenues were $3.76 billion which was flat compared to the previous year with Net loss attributable to Wynn Resorts, Limited was $423.9 million.
“Our teams at Wynn Las Vegas and Encore Boston Harbor delivered a new fourth-quarter record for Adjusted Property EBITDAR at our combined North American properties. For the full year of 2022, these properties generated $1.04 billion of Adjusted Property EBITDAR, a record for us by a wide margin. These impressive results are a testament to our team’s relentless focus on delivering five-star hospitality, which continues to elevate our properties above our peers as the destinations of choice for luxury guests in both Las Vegas and Massachusetts,” said Craig Billings, CEO of Wynn Resorts, Limited. “In Macau, we were honored to be awarded with a new 10-year gaming concession during the quarter and were pleased to experience a meaningful return of visitation and demand during the recent Chinese New Year holiday period. We believe we are well-positioned for success in Macau’s next phase of growth.”
