Macau business boosts Wynn Resorts revenue
Hotels and casino firm Wynn Resorts has cited the success of its business in Macau as the main reason behind a year-on-year jump in revenue during the year ended December 31, 2013.
The firm posted net revenue of $5.6 billion (€4.1 billion) for 2013, an increase of 9.1% on the $5.2 billion recorded in the previous year.
Wynn’s performance in the Macau market contributed significantly towards its success last year, with adjusted property earnings before interest, tax, depreciation and amortisation at Wynn Macau increasing by 13.4% to $1.3 billion.
In comparison, the Wynn Las Vegas recorded much lower adjusted property EBITDA of $486.7 million, an amount that was still a 19.1% increase on the previous year.
Wynn Resorts’ total adjusted property EBITDA for the entire year grew 14.9% to reach an annual record of $1.8 billion.
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