According to the report, revenues grew by $835.5 million/€775.8 million to $1.84 billion/€1.7 billion for the fourth quarter. Net income amounted to $729.2 million/€677.1 million for the reporting period, compared to $32.4 million/€30 million in Q4 2022.
Wynn Resorts Reports 80% Increase in Revenues for 2023 Wynn Resorts Reports 80% Increase in Revenues for 2023- Wynn Palace up by $411.3 million/€381.9 million to $524.4 million/€486.9 million
- Wynn Macau up by $309.1 million/€287 million to $386.2 million/€358.6 million
- Las Vegas Operations up by $111.3 million/€103.3 million to $696.8 million/€647.07 million
- Encore Boston Harbor down by $1.2 million/€1.1 million to $217.1 million/€201.6 million
Q3 Key Highlights
Group results
- Operating revenues – $1.8 billion/€1.67 billion, up by 80%
- Operating expenses – $1.4 billion/€1.3 billion, up by 55.5%
- Operating income – $357.7 million/€332.1 million, up by 261.3%
2023 Year-end Results
Group results
- Operating revenues – $3.7 billion/€3.4 billion, up by 105% Wynn Resorts Reports 80% Increase in Revenues for 2023
- Operating income – $840.1 million/€780.2 million (2022 loss of $100.6 million/€93.4 million)
- Net income – $782.2 million/€726.4 million (2022 loss of $709.3 million/€658.7 million)
Speaking of the latest results, Craig Billings, CEO of Wynn Resorts said:
“The strong momentum we built throughout 2023 continued during the fourth quarter with Adjusted Property EBITDAR reaching a new all-time record. These impressive results highlight 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 Las Vegas, Boston and Macau,.
Wynn Resorts Reports 80% Increase in Revenues for 2023
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.