Wynn Resorts has shared its financial results for the quarter ending March 31, 2025, with operating revenues down year-on-year at US$1.7bn.
The figure is a decrease of $162.5m from $1.86 billion for the first quarter of 2024.
Net income attributable to Wynn Resorts was $72.7m, down considerably from $144.2m year-on-year.
Adjusted property EBITDAR was $532.9m, compared to adjusted property EBITDAR of $646.5m year-on-year.
"Our first quarter results reflect continued strength throughout our business," said Craig Billings, CEO of Wynn Resorts. "In Las Vegas, where we recently celebrated the resort's 20th anniversary, the team delivered healthy results against a record prior year comparison which reflected the Las Vegas Super Bowl.
“In Macau, while VIP hold negatively impacted results, we held market share in our expected range, and announced an increased dividend from Wynn Macau, Limited, reflecting the strong free cash flow generated by the business.
“In addition, construction of our growth project in the UAE, Wynn Al Marjan Island, continued to advance with the hotel tower reaching the forty-seventh floor. At the same time, we continued to return capital to shareholders through our regular quarterly dividend and the repurchase of $200m of stock in the quarter."
