【Wynn Macau 1128 Earnings】Wynn Macau Earnings Down 49% Last Year. Final Dividend 0.223 Yuan, Full-Year Dividend Up 56.9%

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Wynn Macau (01128)
Announces that last year’s operating revenue was HKD 28.989 billion, up 0.9% year-on-year; among which, gaming revenue was HKD 24.418 billion, up 3.4% year-on-year; adjusted EBITDA was HKD 7.48 billion, down 8.9% year-on-year; net profit was HKD 1.63 billion, down 49.0% year-on-year; earnings per share were HKD 0.31; final dividend of HKD 0.223, up 20.5% year-on-year; total dividends for the year were HKD 0.408, up 56.9% year-on-year.

Last year, Wynn Palace’s gaming revenue was HKD 15.101 billion, up 7.8% year-on-year; adjusted EBITDA was HKD 4.717 billion, down 8.4%. Wynn Macau’s gaming revenue was HKD 9.317 billion, down 3.0% year-on-year; adjusted EBITDA was HKD 2.763 billion, down 9.7% year-on-year.

Last year, Wynn Macau’s VIP table gaming revenue increased by 0.9% year-on-year to HKD 4.94 billion; VIP table turnover increased by 15.8% to HKD 163.02 billion, but the percentage of VIP table revenue relative to turnover declined, offsetting the growth.

Mass market table gaming revenue increased by 2.3% to HKD 22.75 billion; total mass market table bets increased by 7.1% to HKD 110.64 billion, but the percentage of revenue from mass tables declined, offsetting the growth.

Source: Announcement

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