Wynn Macau fourth-quarter profit hits US$186m

Business | Tereza Cai 1 Feb 2019

The fourth-quarter net profit of casino gaming and entertainment company Wynn Macau (1128) rose 3.98 percent year-on-year to US$186 million (HK$1.45 billion).

Operating revenue increased by 3.98 percent from 2017 to US$1.29 billion. Casino revenue rose 3.72 percent to US$1.12 billion and revenue from rooms increased 23.39 percent to US$74.52 million. Food and beverage income climbed 6.67 percent to US$51.29 million, and the revenue from retail leasing and others amounted to US$52.15 million, down 6.63 percent from last year. When asked about the casino license renewals of SJM (0880) and MGM China (2282), Macao's Secretary of Economy and Finance, Lionel Leong, said the government will listen to suggestions and then consider them.

Shares of Wynn Macau soared 5.9 percent to HK$19.04.

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