Wynn Resorts, Restricted (NASDAQ: WYNN) yesterday reported monetary outcomes for the primary quarter ended March 31, 2023.
Working revenues have been $1.42 billion for the primary quarter of 2023, a rise of $470.3 million, from $953.3 million for the primary quarter of 2022. Web earnings attributable to Wynn Resorts, Restricted was $12.3 million for the primary quarter of 2023, in comparison with internet loss attributable to Wynn Resorts, Restricted of $183.3 million for the primary quarter of 2022. Diluted internet loss per share was $0.02 for the primary quarter of 2023, in comparison with diluted internet loss per share of $1.59 for the primary quarter of 2022. Adjusted Property EBITDAR(1) was $429.7 million for the primary quarter of 2023, in comparison with Adjusted Property EBITDAR of $177.6 million for the primary quarter of 2022.
“For the primary time in over three years, every of our resorts is producing sturdy monetary outcomes, which is as soon as once more a testomony to our crew’s relentless deal with delivering five-star hospitality and experiences to our company,” mentioned Craig Billings, CEO of Wynn Resorts, Restricted. “Within the U.S., Wynn Las Vegas and Encore Boston Harbor are firing on all cylinders, producing a brand new all-time document for Adjusted Property EBITDAR at our mixed North American properties in the course of the quarter. In Macau, after a number of difficult years, we have been happy to expertise a significant return of visitation and demand, notably in our mass gaming and retail companies. We imagine we’re well-positioned for fulfillment in Macau’s subsequent part of progress.”
Moreover, the Board of Administrators of Wynn Resorts is happy to announce the resumption of our quarterly dividend program, with a money dividend of $0.25 per share, payable on June 6, 2023 to stockholders of document as of Could 23, 2023. The reinstatement of our dividend program displays the power of our monetary outcomes, our strong liquidity place and our dedication to returning capital to shareholders.
Consolidated Outcomes
Working revenues have been $1.42 billion for the primary quarter of 2023, a rise of $470.3 million, from $953.3 million for the primary quarter of 2022. For the primary quarter of 2023, working revenues elevated $145.6 million, $206.0 million, $95.6 million, and $25.5 million at our Las Vegas Operations, Wynn Palace, Wynn Macau, and Encore Boston Harbor, respectively, and decreased $2.4 million at Wynn Interactive, from the primary quarter of 2022.
Web earnings attributable to Wynn Resorts, Restricted was $12.3 million for the primary quarter of 2023, in comparison with internet loss attributable to Wynn Resorts, Restricted of $183.3 million for the primary quarter of 2022. Diluted internet loss per share was $0.02 for the primary quarter of 2023, in comparison with diluted internet loss per share of $1.59 for the primary quarter of 2022. Adjusted internet earnings attributable to Wynn Resorts, Restricted(2) was $33.3 million, or $0.29 per diluted share, for the primary quarter of 2023, in comparison with adjusted internet loss attributable to Wynn Resorts, Restricted of $139.6 million, or $1.21 per diluted share, for the primary quarter of 2022.
Adjusted Property EBITDAR was $429.7 million for the primary quarter of 2023, a rise of 142.0% in comparison with Adjusted Property EBITDAR of $177.6 million for the primary quarter of 2022. For the primary quarter of 2023, Adjusted Property EBITDAR elevated $72.2 million, $111.9 million, $49.4 million, $8.2 million, and $10.4 million at our Las Vegas Operations, Wynn Palace, Wynn Macau, Encore Boston Harbor, and Wynn Interactive, respectively, from the primary quarter of 2022.
Property Outcomes
Macau Operations
Wynn Palace
Working revenues from Wynn Palace have been $369.4 million for the primary quarter of 2023, a rise of $206.0 million from $163.3 million for the primary quarter of 2022. Adjusted Property EBITDAR from Wynn Palace was $111.1 million for the primary quarter of 2023, in comparison with $(0.9) million for the primary quarter of 2022. VIP desk video games win as a proportion of turnover was 2.72%, under the property’s anticipated vary of three.1% to three.4% and above the two.05% skilled within the first quarter of 2022. Desk video games win proportion in mass market operations was 22.1%, above the 20.9% skilled within the first quarter of 2022.
Wynn Macau
Working revenues from Wynn Macau have been $230.7 million for the primary quarter of 2023, a rise of $95.6 million from $135.1 million for the primary quarter of 2022. Adjusted Property EBITDAR from Wynn Macau was $44.7 million for the primary quarter of 2023, in comparison with $(4.7) million for the primary quarter of 2022. VIP desk video games win as a proportion of turnover was 2.69%, under the property’s anticipated vary of three.1% to three.4% and under the three.84% skilled within the first quarter of 2022. Desk video games win proportion in mass market operations was 17.0%, under the 17.5% skilled within the first quarter of 2022.
Las Vegas Operations
Working revenues from our Las Vegas Operations have been $586.8 million for the primary quarter of 2023, a rise of $145.6 million from $441.2 million for the primary quarter of 2022. Adjusted Property EBITDAR from our Las Vegas Operations for the primary quarter of 2023 was $231.6 million, in comparison with $159.4 million for the primary quarter of 2022. Desk video games win proportion for the primary quarter of 2023 was 24.3%, throughout the property’s anticipated vary of twenty-two% to 26% and above the 23.6% skilled within the first quarter of 2022.
Encore Boston Harbor
Working revenues from Encore Boston Harbor have been $216.3 million for the primary quarter of 2023, a rise of $25.5 million from $190.8 million for the primary quarter of 2022. Adjusted Property EBITDAR from Encore Boston Harbor for the primary quarter of 2023 was $63.4 million, in comparison with $55.3 million for the primary quarter of 2022. Desk video games win proportion for the primary quarter of 2023 was 21.7%, throughout the property’s anticipated vary of 18% to 22% and under the 22.2% skilled within the first quarter of 2022.
Stability Sheet
Our money and money equivalents as of March 31, 2023 totaled $3.84 billion, comprised of $1.61 billion held by Wynn Macau, Restricted (“WML”) and subsidiaries, $1.85 billion held by Wynn Resorts Finance, LLC (“WRF”) excluding WML, and $378.5 million held at Company and different. As of March 31, 2023, the out there borrowing capability below the Wynn Resorts Finance Revolver was $837.0 million, and the WM Cayman II Revolver was absolutely drawn.
Complete present and long-term debt excellent at March 31, 2023 was $12.25 billion, comprised of $6.75 billion of Macau associated debt, $2.64 billion of Wynn Las Vegas debt, $2.25 billion of Wynn Resorts Finance debt, and $613.6 million of debt held by the retail three way partnership which we consolidate.
In February 2023, WRF and its subsidiary Wynn Resorts Capital Corp. (along with WRF, the “WRF Issuers”) issued $600.0 million mixture principal quantity of seven 1/8% Senior Notes due 2031 (the “2031 WRF Senior Notes), and used a portion of the proceeds to buy legitimate tenders with respect to $506.4 million mixture principal quantity of the 7 3/4% Senior Notes due 2025 (the “2025 WRF Senior Notes”) and to pay the tender premium and associated charges and bills. In April 2023, we repurchased all the remaining excellent 2025 WRF Senior Notes utilizing the remaining internet proceeds from the providing of the 2031 WRF Senior Notes and money held by WRF, at a value equal to 101.938% of the principal quantity plus accrued curiosity.
In March 2023, WML accomplished an providing of $600.0 million 4 1/2% convertible bonds due 2029 (the “Convertible Bonds”). WML intends to make use of the online proceeds for basic company functions. The Convertible Bonds are convertible on the possibility of the holder into odd shares of WML, on the preliminary conversion value of roughly HK$10.24 per share (equal to roughly US$1.30).
Additionally in March 2023, we repurchased all of our excellent Wynn Las Vegas 4 1/4% Senior Notes due 2023, representing an mixture principal quantity of $500.0 million, utilizing money held by WRF, at a value equal to 100% of the principal quantity plus accrued curiosity.
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in hundreds, besides per share information) (unaudited) |
|||||||
|
|
Three Months Ended March 31, |
||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
Working revenues: |
|
|
|
||||
|
On line casino |
$ |
766,992 |
|
|
$ |
489,862 |
|
|
Rooms |
|
272,529 |
|
|
|
170,376 |
|
|
Meals and beverage |
|
232,611 |
|
|
|
174,020 |
|
|
Leisure, retail and different |
|
151,547 |
|
|
|
119,076 |
|
|
Complete working revenues |
|
1,423,679 |
|
|
|
953,334 |
|
|
Working bills: |
|
|
|
||||
|
On line casino |
|
473,385 |
|
|
|
324,079 |
|
|
Rooms |
|
72,702 |
|
|
|
58,715 |
|
|
Meals and beverage |
|
180,619 |
|
|
|
146,656 |
|
|
Leisure, retail and different |
|
92,482 |
|
|
|
88,904 |
|
|
Common and administrative |
|
259,772 |
|
|
|
196,780 |
|
|
Provision for credit score losses |
|
(544 |
) |
|
|
342 |
|
|
Pre-opening |
|
4,478 |
|
|
|
2,447 |
|
|
Depreciation and amortization |
|
168,812 |
|
|
|
184,556 |
|
|
Property fees and different |
|
2,458 |
|
|
|
45,720 |
|
|
Complete working bills |
|
1,254,164 |
|
|
|
1,048,199 |
|
|
Working earnings (loss) |
|
169,515 |
|
|
|
(94,865 |
) |
|
Different earnings (expense): |
|
|
|
||||
|
Curiosity earnings |
|
40,193 |
|
|
|
1,280 |
|
|
Curiosity expense, internet of quantities capitalized |
|
(187,740 |
) |
|
|
(152,158 |
) |
|
Change in derivatives honest worth |
|
23,046 |
|
|
|
7,400 |
|
|
Loss on debt financing transactions |
|
(12,236 |
) |
|
|
— |
|
|
Different |
|
(30,614 |
) |
|
|
(15,127 |
) |
|
Different earnings (expense), internet |
|
(167,351 |
) |
|
|
(158,605 |
) |
|
Earnings (loss) earlier than earnings taxes |
|
2,164 |
|
|
|
(253,470 |
) |
|
Provision for earnings taxes |
|
(1,018 |
) |
|
|
(1,140 |
) |
|
Web earnings (loss) |
|
1,146 |
|
|
|
(254,610 |
) |
|
Much less: internet loss attributable to noncontrolling pursuits |
|
11,186 |
|
|
|
71,286 |
|
|
Web earnings (loss) attributable to Wynn Resorts, Restricted |
$ |
12,332 |
|
|
$ |
(183,324 |
) |
|
Primary and diluted internet earnings (loss) per widespread share: |
|
|
|
||||
|
Web earnings (loss) attributable to Wynn Resorts, Restricted: |
|||||||
|
Primary |
$ |
0.11 |
|
|
$ |
(1.59 |
) |
|
Diluted |
$ |
(0.02 |
) |
|
$ |
(1.59 |
) |
|
Weighted common widespread shares excellent: |
|
|
|
||||
|
Primary |
|
112,753 |
|
|
|
115,030 |
|
|
Diluted |
|
113,116 |
|
|
|
115,030 |
|
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO ADJUSTED NET INCOME (LOSS) ATTRIBUTABLE TO WYNN RESORTS, LIMITED (in hundreds, besides per share information) (unaudited) |
|||||||
|
|
Three Months Ended March 31, |
||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
Web earnings (loss) attributable to Wynn Resorts, Restricted |
$ |
12,332 |
|
|
$ |
(183,324 |
) |
|
Pre-opening bills |
|
4,478 |
|
|
|
2,447 |
|
|
Property fees and different |
|
2,458 |
|
|
|
45,720 |
|
|
Change in derivatives honest worth |
|
(23,046 |
) |
|
|
(7,400 |
) |
|
Loss on debt financing transactions |
|
12,236 |
|
|
|
— |
|
|
International foreign money remeasurement and different |
|
30,614 |
|
|
|
15,127 |
|
|
Earnings tax influence on changes |
|
(1,492 |
) |
|
|
— |
|
|
Noncontrolling pursuits influence on changes |
|
(4,248 |
) |
|
|
(12,189 |
) |
|
Adjusted internet earnings (loss) attributable to Wynn Resorts, Restricted |
$ |
33,332 |
|
|
$ |
(139,619 |
) |
|
Adjusted internet earnings (loss) attributable to Wynn Resorts, Restricted per diluted share |
$ |
0.29 |
|
|
$ |
(1.21 |
) |
|
|
|
|
|
||||
|
Weighted common widespread shares excellent – diluted |
|
113,116 |
|
|
|
115,030 |
|
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR (in hundreds) (unaudited) |
|||||||||||||||||||||||||||||||
|
|
Three Months Ended March 31, 2023 |
||||||||||||||||||||||||||||||
|
|
Wynn Palace |
|
Wynn Macau |
|
Different Macau |
|
Complete Macau Operations |
|
Las Vegas Operations |
|
Encore Boston Harbor |
|
Wynn Interactive |
|
Company and Different |
|
Complete |
||||||||||||||
|
Working earnings (loss) |
$ |
39,868 |
|
$ |
12,249 |
|
$ |
(4,983 |
) |
|
$ |
47,134 |
|
$ |
138,502 |
|
$ |
(14,949 |
) |
|
$ |
(33,400 |
) |
|
$ |
32,228 |
|
|
$ |
169,515 |
|
|
Pre-opening bills |
|
— |
|
|
— |
|
|
— |
|
|
|
— |
|
|
81 |
|
|
911 |
|
|
|
3,589 |
|
|
|
(103 |
) |
|
|
4,478 |
|
|
Depreciation and amortization |
|
54,167 |
|
|
20,650 |
|
|
380 |
|
|
|
75,197 |
|
|
56,681 |
|
|
29,934 |
|
|
|
4,716 |
|
|
|
2,284 |
|
|
|
168,812 |
|
|
Property fees and different |
|
2,295 |
|
|
475 |
|
|
1 |
|
|
|
2,771 |
|
|
213 |
|
|
(582 |
) |
|
|
56 |
|
|
|
— |
|
|
|
2,458 |
|
|
Administration and license charges |
|
11,830 |
|
|
7,275 |
|
|
— |
|
|
|
19,105 |
|
|
27,812 |
|
|
10,503 |
|
|
|
— |
|
|
|
(57,420 |
) |
|
|
— |
|
|
Company bills and different |
|
2,226 |
|
|
2,325 |
|
|
3,624 |
|
|
|
8,175 |
|
|
6,556 |
|
|
1,864 |
|
|
|
1,382 |
|
|
|
16,513 |
|
|
|
34,490 |
|
|
Inventory-based compensation |
|
672 |
|
|
1,771 |
|
|
978 |
|
|
|
3,421 |
|
|
1,752 |
|
|
450 |
|
|
|
2,589 |
|
|
|
6,498 |
|
|
|
14,710 |
|
|
Triple-net working lease lease expense |
|
— |
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
35,283 |
|
|
|
— |
|
|
|
— |
|
|
|
35,283 |
|
|
Adjusted Property EBITDAR |
$ |
111,058 |
|
$ |
44,745 |
|
$ |
— |
|
|
$ |
155,803 |
|
$ |
231,597 |
|
$ |
63,414 |
|
|
$ |
(21,068 |
) |
|
$ |
— |
|
|
$ |
429,746 |
|
|
|
Three Months Ended March 31, 2022 |
||||||||||||||||||||||||||||||||
|
|
Wynn Palace |
|
Wynn Macau |
|
Different Macau |
|
Complete Macau Operations |
|
Las Vegas Operations |
|
Encore Boston Harbor |
|
Wynn Interactive |
|
Company and Different |
|
Complete |
||||||||||||||||
|
Working earnings (loss) |
$ |
(59,501 |
) |
|
$ |
(34,816 |
) |
|
$ |
(3,947 |
) |
|
$ |
(98,264 |
) |
|
$ |
82,930 |
|
$ |
2,189 |
|
$ |
(105,035 |
) |
|
$ |
23,315 |
|
|
$ |
(94,865 |
) |
|
Pre-opening bills |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,397 |
|
|
— |
|
|
1,050 |
|
|
|
— |
|
|
|
2,447 |
|
|
Depreciation and amortization |
|
50,462 |
|
|
|
20,022 |
|
|
|
977 |
|
|
|
71,461 |
|
|
|
45,602 |
|
|
40,989 |
|
|
24,248 |
|
|
|
2,256 |
|
|
|
184,556 |
|
|
Property fees and different |
|
138 |
|
|
|
1,469 |
|
|
|
1 |
|
|
|
1,608 |
|
|
|
1,322 |
|
|
621 |
|
|
41,961 |
|
|
|
208 |
|
|
|
45,720 |
|
|
Administration and license charges |
|
5,185 |
|
|
|
4,324 |
|
|
|
— |
|
|
|
9,509 |
|
|
|
21,027 |
|
|
9,338 |
|
|
— |
|
|
|
(39,874 |
) |
|
|
— |
|
|
Company bills and different |
|
1,543 |
|
|
|
1,678 |
|
|
|
2,418 |
|
|
|
5,639 |
|
|
|
5,414 |
|
|
1,705 |
|
|
2,427 |
|
|
|
10,638 |
|
|
|
25,823 |
|
|
Inventory-based compensation |
|
1,309 |
|
|
|
2,641 |
|
|
|
551 |
|
|
|
4,501 |
|
|
|
1,686 |
|
|
408 |
|
|
3,848 |
|
|
|
3,457 |
|
|
|
13,900 |
|
|
Adjusted Property EBITDAR |
$ |
(864 |
) |
|
$ |
(4,682 |
) |
|
$ |
— |
|
|
$ |
(5,546 |
) |
|
$ |
159,378 |
|
$ |
55,250 |
|
$ |
(31,501 |
) |
|
$ |
— |
|
|
$ |
177,581 |
|
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO ADJUSTED PROPERTY EBITDAR (in hundreds) (unaudited) |
|||||||
|
|
Three Months Ended March 31, |
||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
Web earnings (loss) attributable to Wynn Resorts, Restricted |
$ |
12,332 |
|
|
$ |
(183,324 |
) |
|
Web loss attributable to noncontrolling pursuits |
|
(11,186 |
) |
|
|
(71,286 |
) |
|
Pre-opening bills |
|
4,478 |
|
|
|
2,447 |
|
|
Depreciation and amortization |
|
168,812 |
|
|
|
184,556 |
|
|
Property fees and different |
|
2,458 |
|
|
|
45,720 |
|
|
Triple-net working lease lease expense |
|
35,283 |
|
|
|
— |
|
|
Company bills and different |
|
34,490 |
|
|
|
25,823 |
|
|
Inventory-based compensation |
|
14,710 |
|
|
|
13,900 |
|
|
Curiosity earnings |
|
(40,193 |
) |
|
|
(1,280 |
) |
|
Curiosity expense, internet of quantities capitalized |
|
187,740 |
|
|
|
152,158 |
|
|
Change in derivatives honest worth |
|
(23,046 |
) |
|
|
(7,400 |
) |
|
Loss on debt financing transactions |
|
12,236 |
|
|
|
— |
|
|
Different |
|
30,614 |
|
|
|
15,127 |
|
|
Provision for earnings taxes |
|
1,018 |
|
|
|
1,140 |
|
|
Adjusted Property EBITDAR |
$ |
429,746 |
|
|
$ |
177,581 |
|
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES SUPPLEMENTAL DATA SCHEDULE ({dollars} in hundreds, apart from win per unit per day, ADR and REVPAR) (unaudited) |
||||||||||
|
|
Three Months Ended March 31, |
|
|
|||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
P.c Change |
|
|
Wynn Palace Supplemental Info |
|
|
|
|
|
|||||
|
Working revenues |
|
|
|
|
|
|||||
|
On line casino |
$ |
270,687 |
|
|
$ |
114,413 |
|
|
136.6 |
|
|
Rooms |
|
46,910 |
|
|
|
13,831 |
|
|
239.2 |
|
|
Meals and beverage |
|
23,553 |
|
|
|
11,443 |
|
|
105.8 |
|
|
Leisure, retail and different |
|
28,213 |
|
|
|
23,638 |
|
|
19.4 |
|
|
Complete |
$ |
369,363 |
|
|
$ |
163,325 |
|
|
126.2 |
|
|
|
|
|
|
|
|
|||||
|
Adjusted Property EBITDAR (6) |
$ |
111,058 |
|
|
$ |
(864 |
) |
|
NM |
|
|
|
|
|
|
|
|
|||||
|
On line casino Statistics: |
|
|
|
|
|
|||||
|
VIP: |
|
|
|
|
|
|||||
|
Common variety of desk video games |
|
50 |
|
|
|
67 |
|
|
(25.4 |
) |
|
VIP turnover |
$ |
2,293,358 |
|
|
$ |
965,555 |
|
|
137.5 |
|
|
VIP desk video games win (1) |
$ |
62,448 |
|
|
$ |
19,753 |
|
|
216.1 |
|
|
VIP desk video games win as a % of turnover |
|
2.72 |
% |
|
|
2.05 |
% |
|
|
|
|
Desk video games win per unit per day |
$ |
13,868 |
|
|
$ |
3,280 |
|
|
322.8 |
|
|
Mass market: |
|
|
|
|
|
|||||
|
Common variety of desk video games |
|
237 |
|
|
|
234 |
|
|
1.3 |
|
|
Desk drop (2) |
$ |
1,181,998 |
|
|
$ |
531,859 |
|
|
122.2 |
|
|
Desk video games win (1) |
$ |
260,865 |
|
|
$ |
111,175 |
|
|
134.6 |
|
|
Desk video games win % |
|
22.1 |
% |
|
|
20.9 |
% |
|
|
|
|
Desk video games win per unit per day |
$ |
12,246 |
|
|
$ |
5,282 |
|
|
131.8 |
|
|
Common variety of slot machines |
|
587 |
|
|
|
670 |
|
|
(12.4 |
) |
|
Slot machine deal with |
$ |
546,598 |
|
|
$ |
250,930 |
|
|
117.8 |
|
|
Slot machine win (3) |
$ |
25,425 |
|
|
$ |
12,649 |
|
|
101.0 |
|
|
Slot machine win per unit per day |
$ |
481 |
|
|
$ |
210 |
|
|
129.0 |
|
|
Room statistics: |
|
|
|
|
|
|||||
|
Occupancy |
|
88.1 |
% |
|
|
47.2 |
% |
|
|
|
|
ADR (4) |
$ |
321 |
|
|
$ |
180 |
|
|
78.3 |
|
|
REVPAR (5) |
$ |
282 |
|
|
$ |
85 |
|
|
231.8 |
|
|
NM: Not significant. |
||||||||||
|
Observe: The outcomes of operations of Wynn Palace for the three months ended March 31, 2022 have been negatively impacted by sure travel-related restrictions and situations, together with COVID-19 testing and different mitigation procedures, associated to the COVID-19 pandemic. |
||||||||||
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES SUPPLEMENTAL DATA SCHEDULE ({dollars} in hundreds, apart from win per unit per day, ADR and REVPAR) (unaudited) (continued) |
||||||||||
|
|
Three Months Ended March 31, |
|
|
|||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
P.c Change |
|
|
Wynn Macau Supplemental Info |
|
|
|
|
|
|||||
|
Working revenues |
|
|
|
|
|
|||||
|
On line casino |
$ |
176,383 |
|
|
$ |
102,430 |
|
|
72.2 |
|
|
Rooms |
|
21,971 |
|
|
|
9,390 |
|
|
134.0 |
|
|
Meals and beverage |
|
14,302 |
|
|
|
8,386 |
|
|
70.5 |
|
|
Leisure, retail and different |
|
18,070 |
|
|
|
14,894 |
|
|
21.3 |
|
|
Complete |
$ |
230,726 |
|
|
$ |
135,100 |
|
|
70.8 |
|
|
|
|
|
|
|
|
|||||
|
Adjusted Property EBITDAR (6) |
$ |
44,745 |
|
|
$ |
(4,682 |
) |
|
NM |
|
|
|
|
|
|
|
|
|||||
|
On line casino Statistics: |
|
|
|
|
|
|||||
|
VIP: |
|
|
|
|
|
|||||
|
Common variety of desk video games |
|
52 |
|
|
|
35 |
|
|
48.6 |
|
|
VIP turnover |
$ |
1,144,224 |
|
|
$ |
887,051 |
|
|
29.0 |
|
|
VIP desk video games win (1) |
$ |
30,751 |
|
|
$ |
34,029 |
|
|
(9.6 |
) |
|
VIP desk video games win as a % of turnover |
|
2.69 |
% |
|
|
3.84 |
% |
|
|
|
|
Desk video games win per unit per day |
$ |
6,586 |
|
|
$ |
10,823 |
|
|
(39.1 |
) |
|
Mass market: |
|
|
|
|
|
|||||
|
Common variety of desk video games |
|
217 |
|
|
|
248 |
|
|
(12.5 |
) |
|
Desk drop (2) |
$ |
989,988 |
|
|
$ |
469,138 |
|
|
111.0 |
|
|
Desk video games win (1) |
$ |
168,426 |
|
|
$ |
82,259 |
|
|
104.8 |
|
|
Desk video games win % |
|
17.0 |
% |
|
|
17.5 |
% |
|
|
|
|
Desk video games win per unit per day |
$ |
8,642 |
|
|
$ |
3,680 |
|
|
134.8 |
|
|
Common variety of slot machines |
|
531 |
|
|
|
585 |
|
|
(9.2 |
) |
|
Slot machine deal with |
$ |
469,769 |
|
|
$ |
283,539 |
|
|
65.7 |
|
|
Slot machine win (3) |
$ |
16,296 |
|
|
$ |
10,611 |
|
|
53.6 |
|
|
Slot machine win per unit per day |
$ |
341 |
|
|
$ |
201 |
|
|
69.7 |
|
|
Poker rake |
$ |
3,936 |
|
|
$ |
— |
|
|
NM |
|
|
Room statistics: |
|
|
|
|
|
|||||
|
Occupancy |
|
90.9 |
% |
|
|
49.8 |
% |
|
|
|
|
ADR (4) |
$ |
242 |
|
|
$ |
188 |
|
|
28.7 |
|
|
REVPAR (5) |
$ |
220 |
|
|
$ |
94 |
|
|
134.0 |
|
|
NM: Not significant. |
||||||||||
|
Observe: The outcomes of operations of Wynn Macau for the three months ended March 31, 2022 have been negatively impacted by sure travel-related restrictions and situations, together with COVID-19 testing and different mitigation procedures, associated to the COVID-19 pandemic. |
||||||||||
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES SUPPLEMENTAL DATA SCHEDULE ({dollars} in hundreds, apart from win per unit per day, ADR and REVPAR) (unaudited) (continued) |
||||||||||
|
|
Three Months Ended March 31, |
|
|
|||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
P.c Change |
|
|
Las Vegas Operations Supplemental Info |
|
|
|
|
|
|||||
|
Working revenues |
|
|
|
|
|
|||||
|
On line casino |
$ |
154,530 |
|
|
$ |
124,271 |
|
|
24.3 |
|
|
Rooms |
|
185,109 |
|
|
|
131,466 |
|
|
40.8 |
|
|
Meals and beverage |
|
172,483 |
|
|
|
136,029 |
|
|
26.8 |
|
|
Leisure, retail and different |
|
74,642 |
|
|
|
49,420 |
|
|
51.0 |
|
|
Complete |
$ |
586,764 |
|
|
$ |
441,186 |
|
|
33.0 |
|
|
|
|
|
|
|
|
|||||
|
Adjusted Property EBITDAR (6) |
$ |
231,597 |
|
|
$ |
159,378 |
|
|
45.3 |
|
|
|
|
|
|
|
|
|||||
|
On line casino Statistics: |
|
|
|
|
|
|||||
|
Common variety of desk video games |
|
232 |
|
|
|
228 |
|
|
1.8 |
|
|
Desk drop (2) |
$ |
600,746 |
|
|
$ |
547,916 |
|
|
9.6 |
|
|
Desk video games win (1) |
$ |
146,010 |
|
|
$ |
129,164 |
|
|
13.0 |
|
|
Desk video games win % |
|
24.3 |
% |
|
|
23.6 |
% |
|
|
|
|
Desk video games win per unit per day |
$ |
6,994 |
|
|
$ |
6,300 |
|
|
11.0 |
|
|
Common variety of slot machines |
|
1,668 |
|
|
|
1,728 |
|
|
(3.5 |
) |
|
Slot machine deal with |
$ |
1,572,735 |
|
|
$ |
1,177,985 |
|
|
33.5 |
|
|
Slot machine win (3) |
$ |
106,788 |
|
|
$ |
80,831 |
|
|
32.1 |
|
|
Slot machine win per unit per day |
$ |
711 |
|
|
$ |
520 |
|
|
36.7 |
|
|
Poker rake |
$ |
4,114 |
|
|
$ |
3,861 |
|
|
6.6 |
|
|
Room statistics: |
|
|
|
|
|
|||||
|
Occupancy |
|
88.8 |
% |
|
|
76.9 |
% |
|
|
|
|
ADR (4) |
$ |
493 |
|
|
$ |
432 |
|
|
14.1 |
|
|
REVPAR (5) |
$ |
438 |
|
|
$ |
333 |
|
|
31.5 |
|
|
WYNN RESORTS, LIMITED AND SUBSIDIARIES SUPPLEMENTAL DATA SCHEDULE ({dollars} in hundreds, apart from win per unit per day, ADR, and REVPAR) (unaudited) (continued) |
||||||||||
|
|
Three Months Ended March 31, |
|
|
|||||||
|
|
|
2023 |
|
|
|
2022 |
|
|
P.c Change |
|
|
Encore Boston Harbor Supplemental Info |
|
|
|
|
|
|||||
|
Working revenues |
|
|
|
|
|
|||||
|
On line casino |
$ |
165,392 |
|
|
$ |
148,748 |
|
|
11.2 |
|
|
Rooms |
|
18,539 |
|
|
|
15,689 |
|
|
18.2 |
|
|
Meals and beverage |
|
22,273 |
|
|
|
18,162 |
|
|
22.6 |
|
|
Leisure, retail and different |
|
10,102 |
|
|
|
8,197 |
|
|
23.2 |
|
|
Complete |
$ |
216,306 |
|
|
$ |
190,796 |
|
|
13.4 |
|
|
|
|
|
|
|
|
|||||
|
Adjusted Property EBITDAR (6) |
$ |
63,414 |
|
|
$ |
55,250 |
|
|
14.8 |
|
|
|
|
|
|
|
|
|||||
|
On line casino Statistics: |
|
|
|
|
|
|||||
|
Common variety of desk video games |
|
199 |
|
|
|
184 |
|
|
8.2 |
|
|
Desk drop (2) |
$ |
366,041 |
|
|
$ |
346,195 |
|
|
5.7 |
|
|
Desk video games win (1) |
$ |
79,544 |
|
|
$ |
76,792 |
|
|
3.6 |
|
|
Desk video games win % |
|
21.7 |
% |
|
|
22.2 |
% |
|
|
|
|
Desk video games win per unit per day |
$ |
4,452 |
|
|
$ |
4,637 |
|
|
(4.0 |
) |
|
Common variety of slot machines |
|
2,518 |
|
|
|
2,776 |
|
|
(9.3 |
) |
|
Slot machine deal with |
$ |
1,296,427 |
|
|
$ |
1,183,314 |
|
|
9.6 |
|
|
Slot machine win (3) |
$ |
104,073 |
|
|
$ |
95,296 |
|
|
9.2 |
|
|
Slot machine win per unit per day |
$ |
459 |
|
|
$ |
381 |
|
|
20.5 |
|
|
Poker rake |
$ |
5,682 |
|
|
$ |
784 |
|
|
624.7 |
|
|
Room statistics: |
|
|
|
|
|
|||||
|
Occupancy |
|
90.0 |
% |
|
|
80.5 |
% |
|
|
|
|
ADR (4) |
$ |
343 |
|
|
$ |
324 |
|
|
5.9 |
|
|
REVPAR (5) |
$ |
309 |
|
|
$ |
261 |
|
|
18.4 |
|
|
(1) |
Desk video games win is proven earlier than reductions, commissions and the allocation of on line casino revenues to rooms, meals and beverage and different revenues for providers offered to on line casino clients on a complimentary foundation. |
|
(2) |
In Macau, desk drop is the amount of money that’s deposited in a gaming desk’s drop field plus money chips bought on the on line casino cage. In Las Vegas, desk drop is the amount of money and internet markers issued which are deposited in a gaming desk’s drop field. At Encore Boston Harbor, desk drop is the amount of money and gross markers which are deposited in a gaming desk’s drop field. |
|
(3) |
Slot machine win is calculated as gross slot machine win minus progressive accruals and free play. |
|
(4) |
ADR is common every day charge and is calculated by dividing whole room revenues together with complimentaries (much less service fees, if any) by whole rooms occupied. |
|
(5) |
REVPAR is income per out there room and is calculated by dividing whole room revenues together with complimentaries (much less service fees, if any) by whole rooms out there. |
|
(6) |
Discuss with accompanying reconciliations of Working Earnings (Loss) to Adjusted Property EBITDAR and Web Earnings (loss) Attributable to Wynn Resorts, Restricted to Adjusted Property EBITDAR. |