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08/06/2019

Aided by robust Las Vegas results, Wynn reports a solid quarter.

Encore Resort in Las Vegas

Overall strong performances from its Las Vegas properties helped Wynn Resorts to a 3.3% increase in operating revenues during the second quarter, according to the company.

“Wynn Las Vegas had an excellent quarter executing our strategy,” said Matt Maddox, the company’s CEO, during a conference call on Tuesday.

For the quarter that ended June 30, Wynn reported revenues of just over $464 million at its Las Vegas properties, representing an increase of more than 5% from the second quarter of 2018.

Maddox said he was particularly pleased with Wynn’s table-game business, which, he said was up 12% in the second quarter, bucking the trend on the Strip.

“The overall Las Vegas Strip was down 6%,” Maddox said. “Our slot revenues were up 12% this quarter when the overall Las Vegas Strip was only up 7%.” https://vegasinc.lasvegassun.com/business/gaming/2019/aug/06/aided-by-robust-las-vegas-results-wynn-reports-sol/

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