earnings
confidence high
sentiment positive
materiality 0.75
Wynn Macau, Ltd posts H1 2023 profit of HK$87M vs HK$3.6B loss; revenue surges
WYNN RESORTS LTD
- Casino revenues HK$8.27B (up 273% YoY); total revenues HK$10.74B vs HK$3.25B in prior year.
- Adjusted EBITDA HK$2.76B, vs negative HK$873M, as resorts operated without COVID restrictions.
- Net profit attributable to owners HK$87M; basic EPS HK$0.02 vs loss per share HK$0.69.
- Macau GGR HK$77.8B in H1 2023 (+205% YoY) driven by lifting of all entry/quarantine restrictions.