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Wynn Resorts reports second quarter-to-date revenue and EBITDA

Sep. 12, 2019 5:05 AM ETBy: Gaurav Batavia, SA News Editor
  • The company expects total operating revenues in the range of ~$1.01B - $1.12B for the two months ended August 31, 2019, against to $1.15B for the two months ended August 31, 2018.
  • Adjusted Property EBITDA, excluding certain leased retail space directly owned by Wynn Resorts, to be in the range of ~$225M-$248M for two months ended August 31, 2019, vs. $339.4M for the two months ended August 31, 2018.
  • Table games hold percentage negatively impacted Adjusted Property EBITDA by ~$30M - $35M for the two months ended August 31, 2019 against a benefit of ~$4M from table games hold percentage in the comparable prior-year period.
  • Source: Press Release
  • Shares +1.5%  to $116.00

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