Wynn Resorts has reported an operating loss of US$446 million (3.6 billion patacas) in Macau in the first nine months of the year, according a statement by the US gaming resort operator on the Hong Kong Stock Exchange website yesterday.
In the first nine months of last year, its operating loss amounted to US$200.0 million in Macau.
Between January and September, the gaming resort operator founded by Steve Wynn generated an Ebitda loss of US$161.5 million in Macau, compared to Ebitda of US$121.7 in the same period of last year.
Referring to third-quarter results, the statement quoted CEO Craig Billings as saying that “in Macau, while COVID-related travel restrictions continued to negatively impact our results, we are pleased to experience encouraging pockets of demand during the recent October holiday period. We remain confident that the market will benefit from the return of visitation over time.”
Operating revenues at Wynn Palace were US$75.2 million for the third quarter, a year-on-year decrease of 58.5 percent.
At Wynn Macau, third-quarter operating revenues were US$40.4 million, a year-on-year decrease of 69.0 percent.
