On releasing its Q1 2023 results, Wynn Resorts announced that all its resorts are "generating strong financial results."
Operating revenues were at US$1.42bn at the end of the quarter, up from $953.3m in Q1 2022. Net income attributable to Wynn was $12.3m, compared to a net loss of $183.3m in Q1 2022.
"For the first time in over three years, each of our resorts is generating strong financial results, which is once again a testament to our team's relentless focus on delivering five-star hospitality and experiences to our guests," said Craig Billings, CEO of Wynn.
"In the US, Wynn Las Vegas and Encore Boston Harbor are firing on all cylinders, generating a new all-time record for adjusted property EBITDAR at our combined North American properties during the quarter.
"In Macau, after several challenging years, we were pleased to experience a meaningful return of visitation and demand, particularly in our mass gaming and retail businesses. We believe we are well positioned for success in Macau's next phase of growth."
In addition, Wynn’s board of directors announced that its quarterly dividend programme would resume, with a cash dividend of $0.25 per share, payable on June 6, 2023, to stakeholders.
