The operating revenues of Wynn Palace in Cotai fell 97.4 percent year-on-year to US$15.7 million (125.3 million patacas) in the third quarter of this year, Wynn Resorts Limited announced in a statement to the Hong Kong Stock Exchange yesterday.
The operating revenues of Wynn Macau, the US gaming company's casino resort in Nape, dropped 89.2 percent year-on-year to US$474.3 million in the third quarter.
The statement quoted Wynn Resorts CEO Matt Maddox as saying that "in Macau, visitation restrictions have begun to gradually and thoughtfully ease, allowing us to achieve EBITDA break-even in October," adding: "We are confident that Macau will continue to benefit from consumer demand as we head into 2021."
Wynn Resorts (Macau) owns two of Macau's 41 casinos.
"Wynn Macau" refers both to the company's casino-resort in Nape and Wynn Resorts' subsidiary listed in Hong Kong.
"Wynn Macau, owned and operated by Wynn Macau, opened to the public on September 6, 2006," according to the company's online corporate profile. Opened on August 22, 2016, Wynn Palace is the company's second integrated resort in the Macau Special Administrative Region (MSAR).
Hong Kong-listed Wynn Macau is a subsidiary of NASDAQ-listed Wynn Resorts, Limited.
Cotai, an area of land reclaimed between the MSAR's Taipa and Coloane islands, and Nape on the peninsula are Macau's main casino precincts.
