In the first half of 2022, Wynn Macau, a Macau luxury casino group, successfully achieved profitability, with a net profit of 874 million yuan, turning losses into profits compared with the same period last year. This is due to the gradual recovery of Macau's gaming market and the significant recovery of Wynn Macau's casino business.
According to data, Wynn Macau's total turnover in the first half of the year increased by more than 2 times year-on-year to RMB 107 billion. In terms of casino business, it increased by 2.7 times year-on-year to nearly RMB 83 billion.
The EBITDA loss in the same period last year was more than 8 million yuan, but after adjustments, Wynn Macau's EBITDA has turned into a profit of more than 27 billion yuan.
Wynn Macau has seen significant improvements in its operations at both casinos on the Macau Peninsula and Taipa. Its VIP gaming, mass gaming and slot machine revenues have all increased, driving significant improvements in business indicators such as hotel occupancy.
Industry analysis shows that Wynn Macau's turnaround from loss to profit reflects the restart of Macau's economy and the improvement of the gaming industry. Against the backdrop of a strong recovery, its performance in the second half of the year will be even better. Wynn Macau has entered a fast-growing development track.
