Wynn Resorts reported operating income of $990.1 million for the second quarter of 2021. This is an increase of $904.4 million from the $85.7 million reported for the same time period in 2020.
The net loss attributable to Wynn Resorts was $131.4 million, or $1.15 per share. The casino revenue for the quarter was $602.7 million, while hotels earned $137.7 million.
Operating expenses for the second quarter of 2021 were $1 billion, with an operating loss of $29.5 million.
“We were pleased to see strong returns from our guests at both Wynn Las Vegas and Encore Boston Harbor during the second quarter, with adjusted EBITDA from properties in our US operations well above pre-pandemic levels, highlighting the significant pent-up demand for travel and leisure experiences,” said Matt Maddox, CEO of Wynn Resorts.
“Although there were some snaps and starts on the path of recovery in Macau, we were encouraged by the strong demand we experienced during the May holiday period, particularly in our premium mass casino and luxury retail segments.”
Wynn Palace operating income for the second quarter of 2021 was $270.4 million, while adjusted property EBITDA was $53.6 million, compared to negative EBITDA of $110.9 million in 2020.
The value of VIP table games as a percentage of sales was 3.95%. Wynn Macau’s operating income was US$184 million and adjusted property EBITDA was US$14.1 million. Las Vegas Operations earned $355.1m for the quarter, while Encore Boston Harbor reported $165.2m.
“On the development front, our WynnBET online casino and sportsbook application is currently available in six states with additional releases planned in the coming months,” added Maddox. However, there was no additional information about the application’s monetary success.