Encore vs wynn casino

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The figure compared with an operating loss of US$161.3 million a year earlier. The firm said operating profit for the three months to September 30 stood at US$127.7 million, a 4.7 percent increase quarter-on-quarter. The latest quarterly result compared with a negative figure of US$65.6 million a year ago. Wynn Macau Ltd recorded adjusted earnings before interest, taxation, depreciation, amortisation and rent (EBITDAR) of just below US$255.0 million, up 3.6 percent from the second quarter. Wynn Macau Ltd is a unit of U.S.-based casino developer Wynn Resorts Ltd. The company operates the Wynn Palace resort on Cotai, and also runs the Wynn Macau resort (pictured) on the city’s peninsula. The latest figure compared to a US$242.0-million loss in the prior-year period, during which the Macau market was still being impacted by restrictions linked to the Covid-19 pandemic. The firm however reported a net loss of US$6.2 million for the July to September period, versus a second-quarter net profit of US$61.0 million. Judged in year-on-year terms, such revenue increased 609.2 percent, according to a Thursday filing to the Hong Kong Stock Exchange. Macau casino operator Wynn Macau Ltd reported third-quarter total operating revenues of US$819.8 million, up 6.5 percent from the preceding quarter. Newsdesk Latest News, Macau, Top of the deck Wynn Macau Ltd grows revenue, EBITDA in 3Q

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