Summary by Moomoo AI
Wynn Macau Limited ("Wynn Macau") announced that its controlling shareholder, Wynn Resorts, Limited, published the unaudited financial performance for the third quarter ending on September 30, 2024, and the first three quarters of the 2024 fiscal year on November 4, 2024. The quarterly report includes the financial data of Wynn Macau's business in Macau, prepared in accordance with US Generally Accepted Accounting Principles. The report shows a significant increase in restricted cash for Wynn Macau in that quarter, holding $1,301,424 thousand as of September 30, 2024, and $90,226 thousand as of December 31, 2023. In addition, Wynn Macau distributed a cash dividend of HK$0.075 per share on September 12, 2024, totaling about $50.5 million. Wynn Macau's operating income also increased, mainly due to the growth in gambling volume. The company reminds shareholders and potential investors that due to accounting principle differences, the financial performance of Wynn Resorts, Limited cannot be directly compared to the financial performance disclosed by Wynn Macau.
