2016, Win Macao posted a profit of $46.6 million, a significant decline compared to previous year’s performance, while operating profit increased by nearly two-thirds. Operating profit reached $555.7 million in the fourth quarter of last year, and this year, Win Macau increased 65.1% to $917.1 million. This also led to an increase in operating profit, which increased 7.5% year-over-year to $86.1 million in the fourth quarter of 2016.동행복권파워볼
The newly opened Wynn Place performed slightly less brilliantly than the company expected, according to a financial report. That said, Cotai Casino’s VIP table game win rate was 2.68% (calculated as a pre-fee turnover rate), slightly below the company’s forecast of 2.7% to 3%. On the other hand, the Mass Table game percentage reached 22%, or $159.6 million. In 2016, Cotai Resorts’ adjusted EBITDA real estate gross income was $77.5 million, with a net income of $418.7 million.
Representatives for Wynn Resorts International and Wynn Macao told a conference on fourth-quarter earnings that their plans to get Wynn Palace off the ground were hampered by “situations” around and not inside the property. As Wynn Resorts CEO Steve Wynn said, the company is experiencing a “strange situation” where every side of the resort is surrounded by a variety of building blocks, one of which is MGM Cotai Casino, which is scheduled to open in the second quarter of 2017.
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