Its net revenues were us$ 950.7 million
Wynn Macau’s profit up by 10 %
2012-05-10
Reading time 32 seg
(Macau).- Wynn Macau recorded a 10-percent profit growth year-on-year in the first quarter of 2012. The company announced in a filing to the Hong Kong stock exchange that it achieved a net profit of us$ 209 million for the first three months of the year.
Wynn Macau’s net revenues were us$ 950.7 million, a 9.8 percent increase in comparison with one year ago. Adjusted property earnings before interest, taxes, depreciation and amortization, or EBITDA, was us$ 289.8 million, up 6.2 percent.
Wynn Macau says it currently has 501 gaming tables (289 VIP tables, 201 mass market tables and 11 poker tables) and 924 slot machines.
Meanwhile, the company said it continues to work on the final project scope, timeline and budget for their Cotai project, which it was officially granted a land for earlier this month.
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