The Hong Kong-listed operator said the improvement was largely driven by the performance of its gaming business within two properties in Macau, as casino revenue rose 68% year-over-year to $1.02 billion, while revenue from retail leases nearly doubled to $42.8 million.
Wynn Macao Limited reported room revenue of $14.1 million in the three months to June 30, up about 378% year-over-year and food and beverage sales of $15.5 million, up nearly 142%.
But in terms of operating costs and costs in the second quarter, Win Macau Limited rose more than 70% year-over-year to $942.8 million, while game taxes and premiums rose nearly 73% to $511 million.
All of this left casino operators with a second-quarter pre-tax profit of $102.9 million, up 56.9% year-over-year, and net profit rose 57.4% to $102.5 million.
Regarding individual properties, Win Macao Limited posted a 6.8% year-over-year increase in net profit to $682.7 million in the second quarter, while adjusted real estate earnings before interest, tax, depreciation and amortization averaged a high share of 97.5% per day on a development of 210,000 rooms, an improvement of 10.5%. In addition, VIP table game sales rose 35.3% to just over $16 billion, and casino revenue rose 7.4% to $654.7 million, despite a 9% decline in the public market to nearly $1.1 billion.안전한 카지노사이트
For Win Palace Co-Tai, which only opened in August last year, the operator reported net sales of $414.7 million in the second quarter, while adjusted real estate earnings before interest, tax, depreciation and amortization came in at $87.4 million. The 1,700-room property averaged an advanced daily share of 96.2% while casinos saw VIP table game sales reach $11.6 billion over the three-month period, and public market sales fell $729 million.
“Cash and cash equivalents, limited cash and investment securities are $2.8 billion,” Win Macau Limited said in a statement.