Wynn Macau's revenue for the first quarter of 2024 reached $1 billion
Adjusted earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR) rose to $339.6 million (31 billion rubles). This represents a quarterly increase of 14.3% and an impressive annual growth of 118%. Craig Billings, CEO of parent company Wynn Resorts, stated that the improvement in EBITDAR was driven by an increase in the operator's market share, particularly in comparison to pre-pandemic levels in 2019. "We have remained above our expected range. The strengthening of our business continues into the second quarter," Billings noted.
Wynn operates two casinos in Macau: Wynn Palace and Wynn Macau. Revenue from the gaming segment in the first quarter reached $820.1 million (74.9 billion rubles), exceeding the previous quarter's figures by 11.1%. A year earlier, the company reported earnings of nearly half that amount, at $447.1 million (40.8 billion rubles).
Wynn Palace generated an operating revenue of $586.9 million (53.6 billion rubles), up 11.9% from the previous quarter. In contrast, Wynn Macau's revenue fell by 10.3% to $346.4 million (31.6 billion rubles), although it was still 96.4% higher than the same period last year.
Wynn Resorts reported a net profit of $144.2 million (13.2 billion rubles) for the first quarter, a significant increase from just $12.3 million (1.1 billion rubles) in 2023. Operating revenue from January to March 2024 reached $1.86 billion (169.8 billion rubles), compared to $1.42 billion (129.6 billion rubles) a year ago. Wynn Resorts also announced a dividend payment of $0.25 (23 rubles) per share, scheduled for May 31.
It is worth noting that Citigroup reported a 144% year-on-year increase in casino revenues in Macau during the early days of May.
Blog
Explore more interesting news
Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...
The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...
Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...
Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...
Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...
A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...
Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...
The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...
Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...
BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...
The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...
Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...
