An American publicly traded corporation, Wynn Resorts, shared its Q3 results, highlighting the operating revenues of $16.9 billion, which is an increase of $21.4 million when compared to Q3 2023.
Q3 from 2023 had a total of $1.67 billion in revenues. Net loss was $32.1 million for the quarter, compared to a net loss of $116.7 million for Q2 2024.
Craig Billings commented:
“We are excited about the outlook for the company, and we will continue to focus on driving long-term returns for shareholders.”
High revenue numbers come mainly from Wynn Resort’s different investments, including the Wynn UAE project, via which the company became the first one in the UAE to secure the first commercial gaming license.
CEO Craig Billings commented:
“The investments we have made in our properties, our team, and our unique programming continue to extend our leadership position in each of our markets. Importantly, we are also continuing to invest in growing the business with construction on Wynn Al Marjan Island rapidly advancing. We are confident the resort will be a’must see’ tourism destination in the UAE and expect that it will support strong long-term free cash flow growth.”
Moreover, despite the ongoing opposition, Wynn Resorts is also considering expansion in New York.
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