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This statistic highlights Wynn Resorts’ revenue by segment from Q1 2016 onwards, split between Encore Boston Harbor, Las Vegas Operations, Macau Operations – Wynn Palace, and Macau Operations – Wynn Macau.
Wynn Resorts’ Revenue By Segment
The following table shows Wynn Resorts’ Revenue by Segment for Q3 2020, Q2 2021, and Q3 2021.
|Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Encore Boston Harbor||116.69||165.24||192.21||20%|
|Las Vegas operations||186.70||355.07||476.00||49%|
|Macau operations – Wynn palace||15.70||270.37||181.32||18%|
|Macau operations – Wynn Macau||51.37||184.03||130.66||13%|
(All the figures in the table are in millions, except for the percentages.)
The Table shows that there has been a significant increase in overall revenue for Wynn Resorts-
Encore Boston Harbor
Encore Boston Harbor is a luxury resort established on 23rd June 2019. The resort consists of a 210,000 square feet casino, 671 hotel rooms, a premium spa, 16 dining and lounge venues, and approximately 71,000 square feet of ballroom and meeting areas. The resort has six-acre public parks and Harborwalk along the shoreline. The resort is situated in Everett, Massachusetts, along the Mystic River. The resort also includes waterfront parks, floral displays, and a water shuttle service.
Revenue increased from $116.69 million in Q3 2020 to $192.21 million roughly by 64.72% on a YoY basis. The contribution made by this segment to the overall revenue decline from 31.5% in Q3 2020 to 19.61% in Q3 2021.
Las Vegas Operations
Wynn Las Vegas opened in April 2005 and Encore, which is an expansion of Wynn Las Vegas, opened in 2008. The property includes 194,000 square feet of casino space with around 209 casino tables and 1,737 slot machines. There are also a private gaming salon, a poker room, and a race and sportsbook. Wynn Las Vegas also has two luxury hotel towers consisting of 4,748 guest rooms, villas, and suites. Other facilities include 513,000 square feet of meeting and convention space, a wedding chapel, three nightclubs, and two theaters.
Revenue increased from $186.7 million in Q3 2020 to $476 million in Q3 2021, roughly by 155% on a YoY basis, and from $355.07 million in Q2 2021 to $476 million in Q3 2021 by 34% on a QoQ basis.
Macau Operations – Wynn Palace
Wynn Palace is a luxury resort in Macau with about 1,706 rooms, suites and villas, and approximately 424,000 square feet of casino space. The Palace also includes 37,000 square feet of meeting and convention space, 14 food and beverage outlets, and various other recreation and leisure activities.
There has been a significant rise in the revenue from $15.7 million in Q3 2020 to $181.32 million in Q3 2021, roughly by 1055% on a YoY basis. But revenue declined from $270.37 million in Q2 2021 to $181.32 million in Q3 2021 roughly by 33%.
Macau Operations – Wynn Macau
Wynn Macau is a luxury hotel with two luxury hotels consisting of 1,010 rooms and suites, 252,000 square feet of casino space, and 31,000 square feet of meeting and convention space. Other facilities include 14 Food and Beverage outlets, 59,000 square feet of retail space, and various leisure activities like spa, salon, and rotunda shows.
There has been a significant increase in revenue from $51.37 million in Q3 2020 to $130.66 million in Q3 2021, roughly by 154.35% on a YoY basis but it witnessed a decline in revenue from $184.03 million in Q2 2021 to $130.66 million in Q3 2021, roughly by 29% on a QoQ basis.
About the Company
Wynn Resorts is a developer and operator of luxury hotel rooms, gaming, meeting and convention, and an array of entertainment and dining options. It is a publicly-traded company on Nasdaq Global Select Market and S&P 500 Index. The company consists of four segments:
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