Macau: Wynn Resorts with loss in the first quarter

Our first quarter results reflect continued progress in the business as consumers start traveling once again to their favorite leisure and gaming destinations, said the executive director of Wynn Resorts, Limited, Matt Maddox, em comunicado, after the game operator Wynn Resorts, operating two casinos in Macau, have announced a loss of 231,5 million euros in the first quarter of 2021.

No entanto, Matt Maddox reveals that in Macau there have been steady gradual improvements in the trend of visits, particularly reinforcing the ‘premium’ segment of the casinos mass market, as well as in the luxury segment.

In the statement, it can also be read that the data points to a recovery from the impact of the pandemic on the gambling sector in Macau, with operating revenues falling only 8,5% at Wynn Palace in relation to the results of the first three months of 2020. Contudo, operating revenue at Wynn Macau declined 21,7%.

No total, em 2020, the operator had recorded a record loss of 609,5 milhões de euros.

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