Wynn Resorts Reported Third Quarter Financial Results

Wynn Resorts, Limited (NASDAQ: WYNN) reported financial results for the third quarter ended September 30, 2018.  Operating revenues for the third quarter was $1.71 million, a 10.2% increase from the same period last year.  Wynn Resorts, Limited also announced that the Company has approved a cash dividend of $0.75 per share, payable on November 30, 2018 to stockholders of record as of November 21, 2018.

Operating revenues from Wynn Palace were $730.6 million for the third quarter of 2018, a 39.1% increase from $525.0 million for the same period of 2017.  Entertainment, retail and other revenues and Adjusted Property EBITDA for the third quarter of 2018 include $5.4 million of business interruption insurance proceeds related to the full settlement of claims from Typhoon Hato in 2017.

Casino revenues from Wynn Palace were $625.6 million for the third quarter of 2018, a 39.9% increase from $447.1 million for the same period of 2017. Table games turnover in VIP operations was $15.53 billion, a 13.4% increase from $13.69 billion for the third quarter of 2017. 

Operating revenues from Wynn’s Las Vegas Operations were $398.9 million for the third quarter of 2018, a 14.1% decrease from $464.3 million for the same period of 2017. Adjusted Property EBITDA from our Las Vegas Operations was $95.3 million, a 37.1% decrease from $151.5 million for the third quarter of 2017.

3 Comments
  1. Steven Durnez 1 week ago
    Reply

    $WYNN this one may touch $95 ish today possibly! It’s fighting for dear life! Correlated to the $SPY but at some point it will detach & fade

Leave a Comment