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Encore Boston Harbor Continues to Set Records – Everett Independent

Encore Boston Harbor reported record earnings during an investor call on Monday, with the casino and hotel leading all other Wynn properties in the first quarter of 2021. While all eyes were on the Macau (China) properties, which is typically the focus of such investor calls, Wynn Resorts CEO Matt Maddox had nothing but praise for the performance of Encore coming out of the pandemic – and the numbers backed up that enthusiasm. “We achieved record EBITDA of $30 million over the quarter and that’s even with restricted operating hours, and quite significant COVID restrictions in the month of January,” said Maddox. “That trend has continued. In fact, in the second quarter thus far, our daily EBITDA is up 30 percent compared to the first quarter. Encore Boston Harbor is hitting on all cylinders now. We’ve been able to really rationalize the cost, run the building more efficiently and focus on our casino customers so we can be the top super-regional casino in the Northeast. I

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GGRAsia – Wynn Macau Ltd EBITDA up 1Q, says premium mass bet paid

Wynn Macau Ltd saw its adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) grow in the first three months of 2021 from the preceding quarter, with the parent company saying its bet on focusing on premium-mass gambling customers paid off. Nonetheless, the quarterly loss at the Macau unit widened year-on-year, to US$161.2 million, from nearly US$154.2 million in the first three months of 2020, the Macau unit said in a Tuesday filing to the Hong Kong Stock Exchange. United States-based parent company Wynn Resorts Ltd said on Monday in a U.S. filing, that the Macau casino firm’s adjusted property EBITDA for the Macau market hit US$43.9 million in the first quarter, up by 11.4 percent from the fourth quarter of 2020. The first-quarter figure was 49.5-percent higher than a year earlier.

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GGRAsia – Wynn Golden Week profit highest since Covid: mgmt

The management of United States-based casino operator Wynn Resorts Ltd says its Macau unit recorded the “highest amount of normalised profit” per day during May Golden Week, since the onset of the Covid-19 pandemic at the beginning of last year. Matt Maddox, the group’s chief executive, said the growth momentum seen in February and March in the Macau market, “continued in April and May”. He was speaking on Monday, in a conference call with investment analysts following the group’s first-quarter results announcement. Wynn Resorts is the parent of Wynn Macau Ltd, which runs the Wynn Macau complex (pictured) on the city’s peninsula, and the Wynn Palace casino resort in the Cotai district.

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Wynn Resorts (WYNN) Q1 2021 Earnings Call Transcript

Operator Welcome to the Wynn Resorts first-quarter 2021 earnings call. [Operator instructions] This call is being recorded. [Operator instructions] I will now turn the conference over to Craig Billings, president and chief financial officer. Sir, you may begin. Craig Billings President and Chief Financial Officer Thank you, operator, and good afternoon, everyone. On the call with me today are Matt Maddox and Marilyn Spiegel in Las Vegas. Also on the line are Ian Coughlan, Ciaran Carruthers, Frederic Luvisutto and Brian Gullbrants. I want to remind you that we may make forward-looking statements under safe harbor federal securities laws, and those statements may or may not come true.

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Wynn Interactive to Become Independent Public Company Through Combination With Austerlitz Acquisition Corporation I – Consumer Electronics Net

Wynn Interactive to Become Independent Public Company Through Combination With Austerlitz Acquisition Corporation I – Consumer Electronics Net
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