Summary by Moomoo AI
Wynn Resorts, Limited, the controlling shareholder of Wynn Macau Limited, announced unaudited performance for the second quarter ended June 30, 2024 and the first half of the 2024 fiscal year on August 6, 2024. The results show that the operating income of Wynn Palace, Wynn Macau and Las Vegas businesses all increased, while Encore Boston Harbor decreased. The mid-field gaming table win percentage at Wynn Macau rose, and the percentage of VIP gaming table winnings to turnover exceeded expectations. As of June 30, 2024, Wynn Macau and its subsidiaries held cash and cash equivalents of $1.38 billion dollars. The total amount of outstanding current and long-term debt was $11.03 billion dollars. The financial performance of Wynn Resorts, Limited is prepared in accordance with Generally Accepted Accounting Principles (GAAP) of the United States, which differs from the International Financial Reporting Standards (IFRS) adopted by Wynn Macau, and therefore may not be directly comparable. Investors should exercise caution when buying and selling Wynn Macau securities.
