Wynn Macau Q3 profit rises 18 pct to US$240.6 mln

2013-10-25

From：Macau Business

Wynn Macau Ltd announced today that its third-quarter net profit surged to US$240.6 million (MOP1.9 billion) this year, 18.3 percent more than a year earlier.

Wynn Macau said in a statement casino revenue rose by 10.1 percent to US$944 million.

Adjusted property earnings before interest, tax, depreciation and amortisation rose to US$329.1 million from US$292.2 million.

The company operates one casino-hotel here, the Wynn Macau. It is renovating the rooms in the original hotel tower. It expects the work to be completed this year.

Wynn Macau is also constructing the Wynn Palace, a US$4 billion casino-resort in Cotai, which it aims to open at Lunar New Year in 2016.

Copyright@Macau Business