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Wynn Macau Operationsĭuring the third quarter, Wynn Macau’s operating revenues amounted to $295 million compared with $40.4 million reported in the prior-year quarter. The average daily rate (ADR) during the quarter was $342, up 135.9% on a year-over-year basis. Occupancy levels in the segment were 96.9% compared with 28.1% reported in the prior-year quarter. Table games wins in mass market operations amounted to $402.3 million compared with $42.4 million reported in the prior-year quarter.ĭuring the reported quarter, revenue per available room, or RevPAR, increased 707.3% year over year to $331. Table drop in the mass market segment was $1.73 billion compared with $197.1 million reported in the prior-year quarter.

VIP table games win (loss) rate (based on turnover) was 3.42% compared with 3.27% reported in the prior-year quarter. In the VIP segment, table games turnover was $2.87 billion, up 910.2% year over year. During the quarter under review, entertainment, retail and other revenues increased 52.5% year over year to $26.2 million. Rooms, and food and beverage revenues surged a whopping 678.7% and 357.7% year over year to $54.3 million and $26.2 million, respectively.

The reported value can be compared with our model’s projection of $357.7 million, or 375.4% year-over-year growth, which is comparatively on the lower side.Ĭasino revenues in the reported quarter totaled $418 million compared with $45.4 million reported in the prior-year quarter. Wynn Palace Operationsĭuring the third quarter of 2023, Wynn Palace’s operating revenues were $524.8 million compared with $75.2 million reported in the prior-year quarter. The upside was mainly attributed to performance growth in Wynn Palace and Wynn Macau, resulting from an increase in gaming volumes, hotel occupancy and covers at restaurants.

Also, the top line increased 87.9% on a year-over-year basis. Quarterly revenues of $1.67 billion surpassed the consensus mark of $1.58 billion by 6%. Wynn Resorts, Limited price-consensus-eps-surprise-chart | Wynn Resorts, Limited Quote Wynn Resorts, Limited Price, Consensus and EPS Surprise

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