Key stats:

- Wynn’s operating revenue hits $1.6bn

- The Wynn Palace in Macau records $80.3m in operating income

- Adjusted property EBITDA is 193% up on Q2 2022

Wynn Resorts has posted its Q2 results， showing that it made $1.6bn in total operating revenue， a significant increase on Q2 2022’s $908.8m.

Breaking down its revenue， its casino division brought in $913m – up on Q2 2022’s casino revenue of $359.6m – a figure that grew due to the relaxation and end of China’s zero-Covid policy in Macau， meaning both of Wynn’s casinos in the Chinese gambling province saw huge influxes in footfall.

The Wynn Palace in Macau made $80.3m in operating income for Q2 2023， where it saw a $107.7m loss in Q2 2022 – while， at the Wynn Macau， it recorded $47.3m in operating income， significantly up on the $73.5m loss it made during the same period the year prior.

Meanwhile， the other divisions also saw increases， though these were more marginal. Rooms went up by circa $75m，Casino games food & beverage rose by around $28m and entertainment by approx. $31m.

Furthermore， looking at its Q2 2023 adjusted property EBITDA， Wynn recorded a figure of $524.5m， a 193% increase on Q2 2022’s $179.1m.

Overall， Wynn’s net income for Q2 2023 stood at $127.8m – which is a significant improvement on the $213.4m loss it made in the same period last year.

Looking at the company’s share price， at the time of writing， it stands at $101.55. For the year so far， Wynn has remained steady (for the most part)， with the company’s share price starting the year on January 3 at $85.61 – while the high came on 3 March at $115.83.

Wynn Resorts also confirmed it is excited to begin construction on Wynn Al Marjan Island in the UAE.