Financial results for the third quarter of 2018 have been positive for Wynn Resorts.
Operating revenues were $1.71bn for period, an increase of 10.2 per cent, or $157.7m, from $1.55bn for the same period of 2017. Operating revenues from Wynn Palace and Wynn Macau operations increased $205.5m and $17.6m, respectively, compared to the same period of 2017. Operating revenue growth at Wynn Palace and Wynn Macau was partially offset by a decrease of $65.4m from Las Vegas operations.
Operating revenues from Wynn Macau were $579.6m for the third quarter of 2018, a 3.1 per cent increase from $562m for the same period of 2017, and operating revenues from Wynn Palace were $730.6m for the third quarter of 2018, a 39.1 per cent increase from $525m for the same period of 2017.
Adjusted property EBITDA was $504.4m for the third quarter of 2018, an increase of 6.6 per cent, or $31.4m, from $473.0m for the same period of 2017. Adjusted property EBITDA increased $87.9m at Wynn Palace and was relatively flat at Wynn Macau compared to the same period of 2017. The increase at Wynn Palace was partially offset by a decrease of $56.2m at Las Vegas operations.
