Wynn Books Back-to-Back Records in Adjusted Property Earnings

📆 08/08/2024 01:01:00
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The casino gaming giant achieved year-over-year increases in revenue in Q2, with all but one property reporting revenue boosts too.

“Our second quarter results, including a new second quarter record for Adjusted Property EBITDAR, reflect continued strength throughout our business,” said Craig Billings, CEO of Wynn Resorts. for all-time quarterly adjusted property EBITDAR in Q1 with $646.5 million. Although Q2’s performance did not break that record, the $571.7 million reported was still a new second-quarter record for the metric and blew past Q2 2023’s $524.5 million.

The Wynn Resorts brand is associated with a focus on high-end luxury casino resort experiences, and its global properties anchored its second-quarter record performance. Encore Boston Harbor was the only property to report a decrease in both revenue and adjusted property EBITDAR for the second quarter, with $9.2 million and $7 million less than Q2 2023, respectively.

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