Wynn Resorts has published its financial report for Q4 2023 and year-end results revealing growth in operating revenues and income year-on-year.
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.
Meanwhile, Adjusted Property EBITDAR was $630.4 million/€585.3 million for the reporting period, compared to $195.1 million/€181.7 million for the fourth quarter of 2022.
For the fourth quarter of 2023, operating revenues at Wynn resorts and subsidiaries increased across the board with the exception of Encore Boston Harbor:
- 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% Wynn Resorts Reports 80% Increase in Revenues for 2023
- Operating income – $357.7 million/€332.1 million, up by 261.3%
2023 Year-end Results
Group results
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Wynn Resorts Reports 80% Increase in Revenues for 2023
- Operating expenses – $5.6 billion/€5.2 billion, up by 47.3%
- Operating income – $840.1 million/€780.2 million (2022 loss of $100.6 million/€93.4 million) Wynn Resorts Reports 80% Increase in Revenues for 2023
Speaking of the latest results, Craig Billings, CEO of Wynn Resorts said:
Wynn Resorts Reports 80% Increase in Revenues for 2023 Wynn Resorts Reports 80% Increase in Revenues for 2023