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This statistic highlights Wynn Resorts’ Revenue Breakdown by Business from Q1 2016 onwards, split between Casino, Entertainment, retail and other, Food and beverage, and Rooms.
Wynn Resorts, Limited owns and operates 5-star luxury casino resorts in Las Vegas and Macau. The Company offers amenities such as guest rooms and suites, restaurants, casinos and entertainment facilities.
|Business||Q3 2020||Q2 2021||Q3 2021||Revenue Contribution in Q3 2021|
|Entertainment, retail and other||$30.9||$100.5||$107.1||11%|
|Food and beverages||$76.6||$149.1||$217.5||22%|
(All figures in millions, except percentages)
Wynn Resorts’ total revenue increased from $370.5 million in Q3 2020 to $994.6 million in Q3 2021, marking a growth of 168.45% on a year-on-year basis. However, it only grew by 0.45% between Q2 2021 and Q3 2021.
Wynn Resorts’ revenue is generated from the following four segments:
Wynn Resorts currently owns and operates casino hotel resort properties in Las Vegas, and Macau. Casinos at Wynn and Encore Las Vegas give a new experience of gaming to guests. They have a wide variety of table games, slots and poker rooms.
In Q3 2021, half of Wynn Resorts’ revenues were generated by their casino business. Its revenue amounted to $496.3 million in Q3 2021, which was up by 145.8% from $201.9 million in Q3 2020 and dropped by 17.6% from $602.8 million in Q2 2021.
Entertainment, retail and others
The entertainment, retail and others segment of Wynn Resorts include spas and salons, nightclubs, gondola lakes, recreation and leisure activities, retail stores, beach clubs, meeting and convention facilities.
It accounts for 11% of the total revenue of Wynn Resorts. In Q3 2021, it generated $107.1 million, which was up by 246.6% from $30.9 million in Q3 2020 and by 6.56% from $100.5 million in Q2 2021.
Food and beverages
Wynn Resorts offer a wide array of food and beverage outlets, about 31 in Las Vegas and 12 in Macau. They offer a wide choice from fine dining and casual dining to bars and room service.
The food and beverage segment generates about 22% of the total revenue for Wynn Resorts. It generated $217.5 million in Q3 2021, which was up by 183.9% from $76.6 million in Q3 2020 and by 45.8% from $149.1 million in Q2 2021.
Wynn Resorts offer best in class rooms and suites to their guests for a serene and stylish retreat.
The revenue generated by rooms contribute to 17% of the total revenue of the company. It generated $173.8 million in Q3 2021, which was up by 184.4% from $61.1 million in Q3 2020 and by 26.1% from $137.8 million in Q2 2021.
About Wynn Resorts
Wynn Resorts Limited, is an American publicly traded corporation which designs, develops and operates integrated, 5 star luxury casino resorts with great focus on their guests and community. It is based in Las Vegas, Nevada and was founded in 2002 by Steve Wynn. As of 2020, the company has 6 properties; 2 in Las Vegas, 1 in Massachusetts and 3 in Macau, People’s Republic of China. The company refers to Wynn Las Vegas as its Las Vegas operations. It refers to Wynn Palace and Wynn Macau as its Macau operations. Additionally the company opened Encore Boston Harbour, an integrated resort in Massachusetts in 2019. In October 2020, Wynn Interactive Ltd. was formed through merger with BetBull Limited. It offers one of a kind digital gaming experience.
Wynn Resorts is the only independent hotel company worldwide to have the most Forbes Travel Guide Five-Star awards. In 2021, Wynn Macau won its 8th individual FTG five star award.
The company’s common stock is listed on the NASDAQ under the symbol “WYNN” and has also featured in the S&P 500 index.
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