Wynn Macau saw a 14.8 percent increase in its operating revenues in the territory during the third quarter, reaching some HK$1 billion.
This was boosted by a 22.3 percent increase in revenues from Wynn Palace, on the Cotai Strip, which saw some HK$635.47 million in revenue. That of the peninsular property increased some 3.9 percent, reaching, HK$365.35 million.
Wynn Palace
The group’s shining star on the Cotai Strip saw a 29.8 percent increase in overall casino revenue, hitting HK$542.43, up by some 29.8 percent yearly. VIP turnover was down slightly but mass table drop increased by 21.4 percent year, as the slot machine handle also improved by 23 percent year-on-year. Overall revenue was up 22.3 percent to HK$635.47 million.
Wynn Macau
Total casino revenue was up at the peninsular property by 6 percent yearly, totaling HK$314.48. This was highly boosted by a 3.9 percent increase in operating revenue, to HK$365.12 million.
VIP turnover
VIP turnover was up at Wynn Palace, in Cotai, but only by 1.9 percent, but mass market tables drop was up by 21.4 percent. VIP turnover hit HK$3.26 billion, while that of mass market table games drop was HK$2.05 billion.
Expenses
Casino expenses increased $9.6 million and $69.6 million at Wynn Macau and Wynn Palace, respectively, which includes increases of $6.1 million and $59.9 million in gaming tax expense at Wynn Macau and Wynn Palace, respectively, as a result of higher casino revenues.
