The company said operating revenues for Q2 2024 were $1.73 billion, an increase of $137.1 million from $1.60 billion for Q2 2023. Net income attributable to Wynn Resorts, Limited was $111.9 million, and diluted net income per share was $0.91.

1. 01

   The company said operating revenues for Q2 2024 were $1.73 billion, an increase of $137.1 million from $1.60 billion for Q2 2023. Net income attributable to Wynn Resorts, Limited was $111.9 million, and diluted net income per share was $0.91.

2. 02

   Wynn Resorts said Adjusted Property EBITDAR for Q2 2024 was $571.7 million, an increase of $47.2 million from $524.5 million for Q2 2023. It said Wynn Palace rose $27.9 million, Wynn Macau rose $6.3 million, and the Las Vegas Operations rose $6.2 million, while Encore Boston Harbor fell $7.0 million.

3. 03

   The company said it contributed $356.5 million in cash in Q2 2024 to a 40%-owned joint venture building Wynn Al Marjan Island in the UAE, bringing its life-to-date cash contributions to the project to $514.4 million. It said the cash was used mainly to fund its pro rata share of the purchase of approximately 155 acres of land underlying the integrated resort site.

4. 04

   The company said cash and cash equivalents as of June 30, 2024 totaled $2.38 billion and total debt was $11.03 billion. In Q2, it repurchased 741,340 shares for $68.0 million and declared a cash dividend of $0.25 per share, payable on August 30, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.