Strong Macau performance lifts Wynn Resorts in Q3

Net income for Wynn Resorts, Limited rose to $219.8 million in the third quarter, more than double the $106 million posted last year for the same period.

Net income attributable to the company also saw an impressive gain, to $156.1 million, a 95.7% increase from the third quarter of 2017. In its press release, the company said the increase “was primarily due to an increase in operating income from Wynn Palace and Wynn Macau, offset by a decrease in our Las Vegas Operations.”

Combined, the two Macau casino resorts had an operating income of $260.5 million, 70.2% higher than the same period last year. Las Vegas operating income, meanwhile, declined to $22.8 million, from $76.8 million in July to September of 2017.

Total operating revenue was $1.71 billion, a 10.2% increase from the same period last year. Adjusted property earnings before interest, taxes, depreciation, and amortization (EBITDA) was $504.4 million, a 6.6% increase from the corresponding period last year.