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Wynn’s Macau revenues down 1.5% sequentially in 3Q24 but peninsula IR showing signs of recovery

CDC Gaming
CDC Gaming
·Mars

The Macau operations of US-based casino giant Wynn Resorts Ltd reported total operating revenues of US$871.7 million in the three months to 30 September 2024, up 6.3% year-on-year but down 1.5% compared with the June quarter.

Adjusted Property EBITDAR also fell by 6.2% quarter-on-quarter to US$262.9 million, with Cotai integrated resort Wynn Palace losing some ground against the June 2024 quarter.

According to details released by the company early Tuesday (Asia time), total operating revenues at Wynn Palace fell by 0.9% year-on-year and 5.1% quarter-on-quarter to US$519.8 million, with casino revenues of US$418.0 million staying flat compared with the same period in 2023. Adjusted Property EBITDAR of US$162.3 million was down 8.3% year-on-year.

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