View printer-friendly versionOperating revenues were
"We were pleased to see the strong return of our guests at both
Consolidated Results
Operating revenues were
On a
Adjusted Property EBITDA was
Property Results
In response to the initial outbreak of COVID-19 in early 2020, each of our properties was subject to partial or full closure for varying lengths of time during 2020, and each has since reopened with certain COVID-19 specific protective measures in place. On
Macau Operations
Operating revenues from
Wynn Macau
Operating revenues from Wynn Macau were
Las Vegas Operations
Operating revenues from our Las Vegas Operations were
Operating revenues from
Balance Sheet
Our cash and cash equivalents as of
As of
Total current and long-term debt outstanding at
In
Conference Call and Other Information
The Company will hold a conference call to discuss its results, including the results of
On or before
Forward-looking Statements
This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, the recent global pandemic of COVID-19, caused by a novel strain of the coronavirus, and the continued impact of its consequences, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, general global political and economic conditions, adverse tourism trends, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development, and success of new gaming and resort properties, construction risks, cybersecurity risk and our leverage and debt service. Additional information concerning potential factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K for the year ended
Non-GAAP Financial Measures
(1) "Adjusted Property EBITDA" is net loss before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other, management and license fees, corporate expenses and other (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, loss on extinguishment of debt, and other non-operating income and expenses. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDA because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDA calculations preopening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, our calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.
(2) "Adjusted net loss attributable to
The Company has included schedules in the tables that accompany this release that reconcile (i) net loss attributable to
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) |
||||||||||||||||
|
|
Three Months Ended |
Six Months Ended |
||||||||||||||
|
|
2021 |
2020 |
2021 |
2020 |
||||||||||||
|
Operating revenues: |
|
|
|
|
||||||||||||
|
Casino |
$ |
602,746 |
|
$ |
9,413 |
|
$ |
1,118,964 |
|
$ |
580,202 |
|
||||
|
Rooms |
137,765 |
|
17,415 |
|
213,955 |
|
170,096 |
|
||||||||
|
Food and beverage |
149,142 |
|
24,007 |
|
217,651 |
|
173,421 |
|
||||||||
|
Entertainment, retail and other |
100,460 |
|
34,863 |
|
176,225 |
|
115,695 |
|
||||||||
|
Total operating revenues |
990,113 |
|
85,698 |
|
1,726,795 |
|
1,039,414 |
|
||||||||
|
Operating expenses: |
|
|
|
|
||||||||||||
|
Casino |
381,615 |
|
131,138 |
|
733,581 |
|
573,828 |
|
||||||||
|
Rooms |
50,552 |
|
30,367 |
|
84,087 |
|
103,847 |
|
||||||||
|
Food and beverage |
117,106 |
|
61,889 |
|
191,054 |
|
237,799 |
|
||||||||
|
Entertainment, retail and other |
80,922 |
|
16,873 |
|
154,381 |
|
62,453 |
|
||||||||
|
General and administrative |
197,545 |
|
152,081 |
|
377,319 |
|
386,409 |
|
||||||||
|
Provision for credit losses |
441 |
|
28,347 |
|
7,808 |
|
48,960 |
|
||||||||
|
Pre-opening |
2,495 |
|
2,186 |
|
4,122 |
|
4,737 |
|
||||||||
|
Depreciation and amortization |
183,307 |
|
179,266 |
|
368,428 |
|
358,012 |
|
||||||||
|
Property charges and other |
5,651 |
|
6,567 |
|
11,268 |
|
33,796 |
|
||||||||
|
Total operating expenses |
1,019,634 |
|
608,714 |
|
1,932,048 |
|
1,809,841 |
|
||||||||
|
Operating loss |
(29,521 |
) |
(523,016 |
) |
(205,253 |
) |
(770,427 |
) |
||||||||
|
Other income (expense): |
|
|
|
|
||||||||||||
|
Interest income |
720 |
|
3,983 |
|
1,624 |
|
11,936 |
|
||||||||
|
Interest expense, net of amounts capitalized |
(150,424 |
) |
(133,218 |
) |
(303,276 |
) |
(262,045 |
) |
||||||||
|
Change in derivatives fair value |
972 |
|
(3,294 |
) |
5,381 |
|
(18,954 |
) |
||||||||
|
Loss on extinguishment of debt |
— |
|
(619 |
) |
(1,322 |
) |
(1,462 |
) |
||||||||
|
Other |
5,553 |
|
2,233 |
|
(5,540 |
) |
12,568 |
|
||||||||
|
Other income (expense), net |
(143,179 |
) |
(130,915 |
) |
(303,133 |
) |
(257,957 |
) |
||||||||
|
Loss before income taxes |
(172,700 |
) |
(653,931 |
) |
(508,386 |
) |
(1,028,384 |
) |
||||||||
|
Provision for income taxes |
(697 |
) |
(80,938 |
) |
(1,190 |
) |
(156,738 |
) |
||||||||
|
Net loss |
(173,397 |
) |
(734,869 |
) |
(509,576 |
) |
(1,185,122 |
) |
||||||||
|
Less: net loss attributable to noncontrolling interests |
42,028 |
|
97,305 |
|
97,229 |
|
145,521 |
|
||||||||
|
Net loss attributable to |
$ |
(131,369 |
) |
$ |
(637,564 |
) |
$ |
(412,347 |
) |
$ |
(1,039,601 |
) |
||||
|
Basic and diluted net loss per common share: |
|
|
|
|
||||||||||||
|
Net loss attributable to |
|
|
||||||||||||||
|
Basic |
$ |
(1.15 |
) |
$ |
(5.97 |
) |
$ |
(3.66 |
) |
$ |
(9.74 |
) |
||||
|
Diluted |
$ |
(1.15 |
) |
$ |
(5.97 |
) |
$ |
(3.66 |
) |
$ |
(9.74 |
) |
||||
|
Weighted average common shares outstanding: |
|
|
|
|
||||||||||||
|
Basic |
114,545 |
|
106,713 |
|
112,792 |
|
106,688 |
|
||||||||
|
Diluted |
114,545 |
|
106,713 |
|
112,792 |
|
106,688 |
|
||||||||
|
Dividends declared per common share: |
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
1.00 |
|
||||
|
RECONCILIATION OF NET LOSS ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO ADJUSTED NET LOSS ATTRIBUTABLE TO WYNN RESORTS, LIMITED (in thousands, except per share data) (unaudited) |
||||||||||||||||
|
|
Three Months Ended |
Six Months Ended |
||||||||||||||
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
||||||||
|
Net loss attributable to |
$ |
(131,369 |
) |
$ |
(637,564 |
) |
$ |
(412,347 |
) |
$ |
(1,039,601 |
) |
||||
|
Litigation settlement net gain |
— |
|
(27,700 |
) |
— |
|
(27,700 |
) |
||||||||
|
Pre-opening expenses |
2,495 |
|
2,186 |
|
4,122 |
|
4,737 |
|
||||||||
|
Property charges and other |
5,651 |
|
6,567 |
|
11,268 |
|
33,796 |
|
||||||||
|
Change in derivatives fair value |
(972 |
) |
3,294 |
|
(5,381 |
) |
18,954 |
|
||||||||
|
Loss on extinguishment of debt |
— |
|
619 |
|
1,322 |
|
1,462 |
|
||||||||
|
Foreign currency remeasurement (gain) loss |
(5,553 |
) |
(2,233 |
) |
5,540 |
|
(12,568 |
) |
||||||||
|
Income tax impact on adjustments |
(72 |
) |
768 |
|
(72 |
) |
832 |
|
||||||||
|
Noncontrolling interests impact on adjustments |
1,090 |
|
(1,603 |
) |
(1,178 |
) |
(13,498 |
) |
||||||||
|
Adjusted net loss attributable to |
$ |
(128,730 |
) |
$ |
(655,666 |
) |
$ |
(396,726 |
) |
$ |
(1,033,586 |
) |
||||
|
Adjusted net loss attributable to |
$ |
(1.12 |
) |
$ |
(6.14 |
) |
$ |
(3.52 |
) |
$ |
(9.69 |
) |
||||
|
|
|
|
|
|
||||||||||||
|
Weighted average common shares outstanding - diluted |
114,545 |
|
106,713 |
|
112,792 |
|
106,688 |
|
||||||||
|
(1) |
For the three months ended |
|
|
RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDA (in thousands) (unaudited) |
||||||||||||||||||||||||||||
|
|
Three Months Ended |
|||||||||||||||||||||||||||
|
|
Operating income loss) |
Pre-opening expenses |
Depreciation and amortization |
Property charges and other |
Management and license fees |
Corporate expenses and other |
Stock-based compensation |
Adjusted Property EBITDA |
||||||||||||||||||||
|
Macau Operations: |
|
|
|
|
|
|
|
|
||||||||||||||||||||
|
|
$ |
(26,231 |
) |
$ |
422 |
$ |
66,062 |
$ |
980 |
|
$ |
8,648 |
|
$ |
1,177 |
$ |
2,497 |
$ |
53,555 |
|
||||||||
|
Wynn Macau |
(20,334 |
) |
— |
20,782 |
1,945 |
|
5,999 |
|
1,266 |
4,428 |
14,086 |
|
||||||||||||||||
|
Other |
(3,052 |
) |
— |
1,095 |
2 |
|
— |
|
1,410 |
545 |
— |
|
||||||||||||||||
|
Total Macau Operations |
(49,617 |
) |
422 |
87,939 |
2,927 |
|
14,647 |
|
3,853 |
7,470 |
67,641 |
|
||||||||||||||||
|
Las Vegas Operations |
54,985 |
|
1,932 |
48,078 |
2,724 |
|
16,907 |
|
5,635 |
2,961 |
133,222 |
|
||||||||||||||||
|
|
(3,620 |
) |
28 |
39,155 |
479 |
|
7,997 |
|
2,258 |
619 |
46,916 |
|
||||||||||||||||
|
Corporate and other |
(31,269 |
) |
113 |
8,135 |
(479 |
) |
(39,551 |
) |
8,095 |
14,057 |
(40,899 |
) |
||||||||||||||||
|
Total |
$ |
(29,521 |
) |
$ |
2,495 |
$ |
183,307 |
$ |
5,651 |
|
$ |
— |
|
$ |
19,841 |
$ |
25,107 |
$ |
206,880 |
|
||||||||
|
|
Three Months Ended |
||||||||||||||||||||||||||||
|
|
Operating income (loss) (1) |
Pre-opening expenses |
Depreciation and amortization |
Property charges and other |
Management and license fees |
Corporate expenses and other (2) |
Stock-based compensation |
Adjusted Property EBITDA |
|||||||||||||||||||||
|
Macau Operations: |
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
|
$ |
(185,342 |
) |
$ |
615 |
$ |
67,222 |
$ |
993 |
|
$ |
2,250 |
|
$ |
1,360 |
|
$ |
1,994 |
$ |
(110,908 |
) |
||||||||
|
Wynn Macau |
(114,156 |
) |
— |
23,007 |
480 |
|
2,250 |
|
1,485 |
|
4,288 |
(82,646 |
) |
||||||||||||||||
|
Other |
(2,870 |
) |
— |
1,108 |
3 |
|
— |
|
1,364 |
|
395 |
— |
|
||||||||||||||||
|
Total Macau Operations |
(302,368 |
) |
615 |
91,337 |
1,476 |
|
4,500 |
|
4,209 |
|
6,677 |
(193,554 |
) |
||||||||||||||||
|
Las Vegas Operations |
(136,790 |
) |
1,037 |
48,395 |
(304 |
) |
2,850 |
|
6,945 |
|
2,303 |
(75,564 |
) |
||||||||||||||||
|
|
(99,430 |
) |
— |
36,894 |
3,617 |
|
9 |
|
4,233 |
|
898 |
(53,779 |
) |
||||||||||||||||
|
Corporate and other |
15,572 |
|
534 |
2,640 |
1,778 |
|
(7,359 |
) |
(24,371 |
) |
11,206 |
— |
|
||||||||||||||||
|
Total |
$ |
(523,016 |
) |
$ |
2,186 |
$ |
179,266 |
$ |
6,567 |
|
$ |
— |
|
$ |
(8,984 |
) |
$ |
21,084 |
$ |
(322,897 |
) |
||||||||
|
(1) |
Excludes |
|
|
(2) |
Corporate and other includes a |
|
|
RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDA (in thousands) (unaudited) (continued) |
||||||||||||||||||||||||||||
|
|
Six Months Ended |
|||||||||||||||||||||||||||
|
|
Operating income (loss) |
Pre-opening expenses |
Depreciation and amortization |
Property charges and other |
Management and license fees |
Corporate expenses and other |
Stock-based compensation |
Adjusted Property EBITDA |
||||||||||||||||||||
|
Macau Operations: |
|
|
|
|
|
|
|
|
||||||||||||||||||||
|
|
$ |
(81,019 |
) |
$ |
836 |
$ |
133,072 |
$ |
3,154 |
|
$ |
16,826 |
|
$ |
2,355 |
$ |
5,700 |
$ |
80,924 |
|
||||||||
|
Wynn Macau |
(37,286 |
) |
— |
42,246 |
2,192 |
|
11,854 |
|
2,630 |
9,006 |
30,642 |
|
||||||||||||||||
|
Other |
(6,322 |
) |
— |
2,203 |
17 |
|
— |
|
2,953 |
1,149 |
— |
|
||||||||||||||||
|
Total Macau Operations |
(124,627 |
) |
836 |
177,521 |
5,363 |
|
28,680 |
|
7,938 |
15,855 |
111,566 |
|
||||||||||||||||
|
Las Vegas Operations |
14,979 |
|
2,443 |
96,181 |
5,151 |
|
25,515 |
|
11,049 |
5,985 |
161,303 |
|
||||||||||||||||
|
|
(22,253 |
) |
28 |
78,268 |
1,221 |
|
14,234 |
|
4,540 |
1,241 |
77,279 |
|
||||||||||||||||
|
Corporate and other |
(73,352 |
) |
815 |
16,458 |
(467 |
) |
(68,429 |
) |
14,235 |
26,372 |
(84,368 |
) |
||||||||||||||||
|
Total |
$ |
(205,253 |
) |
$ |
4,122 |
$ |
368,428 |
$ |
11,268 |
|
$ |
— |
|
$ |
37,762 |
$ |
49,453 |
$ |
265,780 |
|
||||||||
|
|
Six Months Ended |
||||||||||||||||||||||||||||
|
|
Operating income (loss) |
Pre-opening expenses |
Depreciation and amortization |
Property charges and other |
Management and license fees |
Corporate expenses and other (1) |
Stock-based compensation |
Adjusted Property EBITDA |
|||||||||||||||||||||
|
Macau Operations: |
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
|
$ |
(277,004 |
) |
$ |
615 |
$ |
134,231 |
$ |
23,292 |
|
$ |
11,675 |
|
$ |
2,931 |
|
$ |
3,528 |
$ |
(100,732 |
) |
||||||||
|
Wynn Macau |
(130,239 |
) |
— |
46,884 |
2,334 |
|
10,413 |
|
3,280 |
|
3,890 |
(63,438 |
) |
||||||||||||||||
|
Other |
(6,387 |
) |
— |
2,226 |
3 |
|
— |
|
3,393 |
|
765 |
— |
|
||||||||||||||||
|
Total Macau Operations |
(413,630 |
) |
615 |
183,341 |
25,629 |
|
22,088 |
|
9,604 |
|
8,183 |
(164,170 |
) |
||||||||||||||||
|
Las Vegas Operations |
(230,227 |
) |
2,176 |
95,640 |
(191 |
) |
18,055 |
|
13,234 |
|
3,672 |
(97,641 |
) |
||||||||||||||||
|
|
(160,048 |
) |
— |
73,768 |
3,865 |
|
6,958 |
|
7,365 |
|
1,677 |
(66,415 |
) |
||||||||||||||||
|
Corporate and other |
33,478 |
|
1,946 |
5,263 |
4,493 |
|
(47,101 |
) |
(14,995 |
) |
16,916 |
— |
|
||||||||||||||||
|
Total |
$ |
(770,427 |
) |
$ |
4,737 |
$ |
358,012 |
$ |
33,796 |
|
$ |
— |
|
$ |
15,208 |
|
$ |
30,448 |
$ |
(328,226 |
) |
||||||||
|
(1) |
|
Corporate and other includes a |
|
RECONCILIATION OF NET LOSS ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO ADJUSTED PROPERTY EBITDA (in thousands) (unaudited) |
||||||||||||||||
|
|
Three Months Ended |
Six Months Ended |
||||||||||||||
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
||||||||
|
Net loss attributable to |
$ |
(131,369 |
) |
$ |
(637,564 |
) |
$ |
(412,347 |
) |
$ |
(1,039,601 |
) |
||||
|
Net loss attributable to noncontrolling interests |
(42,028 |
) |
(97,305 |
) |
(97,229 |
) |
(145,521 |
) |
||||||||
|
Pre-opening expenses |
2,495 |
|
2,186 |
|
4,122 |
|
4,737 |
|
||||||||
|
Depreciation and amortization |
183,307 |
|
179,266 |
|
368,428 |
|
358,012 |
|
||||||||
|
Property charges and other |
5,651 |
|
6,567 |
|
11,268 |
|
33,796 |
|
||||||||
|
Corporate expenses and other |
19,841 |
|
(8,984 |
) |
37,762 |
|
15,208 |
|
||||||||
|
Stock-based compensation |
25,107 |
|
21,084 |
|
49,453 |
|
30,448 |
|
||||||||
|
Interest income |
(720 |
) |
(3,983 |
) |
(1,624 |
) |
(11,936 |
) |
||||||||
|
Interest expense, net of amounts capitalized |
150,424 |
|
133,218 |
|
303,276 |
|
262,045 |
|
||||||||
|
Change in derivatives fair value |
(972 |
) |
3,294 |
|
(5,381 |
) |
18,954 |
|
||||||||
|
Loss on extinguishment of debt |
— |
|
619 |
|
1,322 |
|
1,462 |
|
||||||||
|
Other |
(5,553 |
) |
(2,233 |
) |
5,540 |
|
(12,568 |
) |
||||||||
|
Provision for income taxes |
697 |
|
80,938 |
|
1,190 |
|
156,738 |
|
||||||||
|
Adjusted Property EBITDA |
$ |
206,880 |
|
$ |
(322,897 |
) |
$ |
265,780 |
|
$ |
(328,226 |
) |
||||
|
(1) |
|
For the three months ended |
|
SUPPLEMENTAL DATA SCHEDULE (dollars in thousands, except for win per unit per day, ADR and REVPAR) (unaudited) |
||||||||||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
|
||||||||||||||||||
|
|
2021 |
2020 |
Percent Change |
2021 |
2020 |
Percent Change |
||||||||||||||||
|
Wynn Palace Supplemental Information |
|
|
|
|
|
|
||||||||||||||||
|
Operating revenues |
|
|
|
|
|
|
||||||||||||||||
|
Casino |
$ |
212,067 |
|
$ |
(11,428 |
) |
NM |
|
$ |
397,976 |
|
$ |
196,148 |
|
102.9 |
|
||||||
|
Rooms |
20,883 |
|
2,431 |
|
759.0 |
|
37,895 |
|
22,141 |
|
71.2 |
|
||||||||||
|
Food and beverage |
13,805 |
|
4,231 |
|
226.3 |
|
25,477 |
|
17,529 |
|
45.3 |
|
||||||||||
|
Entertainment, retail and other |
23,616 |
|
13,484 |
|
75.1 |
|
46,349 |
|
32,413 |
|
43.0 |
|
||||||||||
|
Total |
$ |
270,371 |
|
$ |
8,718 |
|
3,001.3 |
|
$ |
507,697 |
|
$ |
268,231 |
|
89.3 |
|
||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
Adjusted Property EBITDA (6) |
$ |
53,555 |
|
$ |
(110,908 |
) |
NM |
|
$ |
80,924 |
|
$ |
(100,732 |
) |
NM |
|
||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
VIP: |
|
|
|
|
|
|
||||||||||||||||
|
Average number of table games |
94 |
|
100 |
|
(6.0 |
) |
99 |
|
95 |
|
4.2 |
|
||||||||||
|
VIP turnover |
$ |
1,811,381 |
|
$ |
1,719,825 |
|
5.3 |
|
$ |
4,011,563 |
|
$ |
6,512,279 |
|
(38.4 |
) |
||||||
|
VIP table games win (1) |
$ |
71,570 |
|
$ |
(29,806 |
) |
NM |
|
$ |
168,026 |
|
$ |
109,763 |
|
53.1 |
|
||||||
|
VIP table games win as a % of turnover |
3.95 |
% |
(1.73 |
)% |
4.19 |
% |
1.69 |
% |
||||||||||||||
|
Table games win per unit per day |
$ |
8,346 |
|
$ |
(3,276 |
) |
NM |
|
$ |
9,402 |
|
$ |
6,865 |
|
37.0 |
|
||||||
|
Mass market: |
|
|
|
|
|
|
||||||||||||||||
|
Average number of table games |
228 |
|
221 |
|
3.2 |
|
225 |
|
201 |
|
11.9 |
|
||||||||||
|
Table drop (2) |
$ |
707,494 |
|
$ |
22,029 |
|
3,111.6 |
|
$ |
1,315,012 |
|
$ |
497,252 |
|
164.5 |
|
||||||
|
Table games win (1) |
$ |
163,547 |
|
$ |
7,168 |
|
2,181.6 |
|
$ |
295,196 |
|
$ |
137,882 |
|
114.1 |
|
||||||
| Table games win % |
23.1 |
% |
32.5 |
% |
22.4 |
% |
27.7 |
% |
||||||||||||||
|
Table games win per unit per day |
$ |
7,877 |
|
$ |
357 |
|
2,106.4 |
|
$ |
7,249 |
|
$ |
4,075 |
|
77.9 |
|
||||||
|
Average number of slot machines |
726 |
|
480 |
|
51.3 |
|
707 |
|
596 |
|
18.6 |
|
||||||||||
|
Slot machine handle |
$ |
421,269 |
|
$ |
39,415 |
|
968.8 |
|
$ |
780,041 |
|
$ |
464,129 |
|
68.1 |
|
||||||
|
Slot machine win (3) |
$ |
18,772 |
|
$ |
2,395 |
|
683.8 |
|
$ |
33,015 |
|
$ |
20,800 |
|
58.7 |
|
||||||
|
Slot machine win per unit per day |
$ |
284 |
|
$ |
55 |
|
416.4 |
|
$ |
258 |
|
$ |
208 |
|
24.0 |
|
||||||
|
Room statistics: |
|
|
|
|
|
|
||||||||||||||||
|
Occupancy |
70.6 |
% |
4.4 |
% |
65.6 |
% |
23.5 |
% |
||||||||||||||
|
ADR (4) |
$ |
180 |
|
$ |
339 |
|
(46.9 |
) |
$ |
179 |
|
$ |
298 |
|
(39.9 |
) |
||||||
|
REVPAR (5) |
$ |
127 |
|
$ |
15 |
|
746.7 |
|
$ |
118 |
|
$ |
70 |
|
68.6 |
|
||||||
Note: Our casino operations in
NM - Not meaningful.
|
SUPPLEMENTAL DATA SCHEDULE (dollars in thousands, except for win per unit per day, ADR and REVPAR) (unaudited) (continued) |
||||||||||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
|
||||||||||||||||||
|
|
2021 |
2020 |
Percent Change |
2021 |
2020 |
Percent Change |
||||||||||||||||
|
Wynn Macau Supplemental Information |
|
|
|
|
|
|
||||||||||||||||
|
Operating revenues |
|
|
|
|
|
|
||||||||||||||||
|
Casino |
$ |
142,419 |
|
$ |
(3,524 |
) |
NM |
|
$ |
281,346 |
|
$ |
186,604 |
|
50.8 |
|
||||||
|
Rooms |
13,427 |
|
2,631 |
|
410.3 |
|
28,129 |
|
18,542 |
|
51.7 |
|
||||||||||
|
Food and beverage |
8,559 |
|
3,684 |
|
132.3 |
|
15,992 |
|
13,215 |
|
21.0 |
|
||||||||||
|
Entertainment, retail and other |
19,623 |
|
9,097 |
|
115.7 |
|
38,212 |
|
23,016 |
|
66.0 |
|
||||||||||
|
Total |
$ |
184,028 |
|
$ |
11,888 |
|
1,448.0 |
|
$ |
363,679 |
|
$ |
241,377 |
|
50.7 |
|
||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
Adjusted Property EBITDA (6) |
$ |
14,086 |
|
$ |
(82,646 |
) |
NM |
|
$ |
30,642 |
|
$ |
(63,438 |
) |
NM |
|
||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
VIP: |
|
|
|
|
|
|
||||||||||||||||
|
Average number of table games |
85 |
|
91 |
|
(6.6 |
) |
87 |
|
86 |
|
1.2 |
|
||||||||||
|
VIP turnover |
$ |
1,489,912 |
|
$ |
607,144 |
|
145.4 |
|
$ |
3,294,294 |
|
$ |
3,571,290 |
|
(7.8 |
) |
||||||
|
VIP table games win (1) |
$ |
39,388 |
|
$ |
(12,161 |
) |
NM |
|
$ |
98,022 |
|
$ |
110,464 |
|
(11.3 |
) |
||||||
|
VIP table games win as a % of turnover |
2.64 |
% |
(2.00 |
)% |
|
2.98 |
% |
3.09 |
% |
|
||||||||||||
|
Table games win per unit per day |
$ |
5,111 |
|
$ |
(1,471 |
) |
NM |
|
$ |
6,201 |
|
$ |
7,623 |
|
(18.7 |
) |
||||||
|
Mass market: |
|
|
|
|
|
|
||||||||||||||||
|
Average number of table games |
240 |
|
229 |
|
4.8 |
|
240 |
|
208 |
|
15.4 |
|
||||||||||
|
Table drop (2) |
$ |
670,400 |
|
$ |
40,817 |
|
1,542.5 |
|
$ |
1,261,290 |
|
$ |
619,052 |
|
103.7 |
|
||||||
|
Table games win (1) |
$ |
128,921 |
|
$ |
3,391 |
|
3,701.9 |
|
$ |
234,104 |
|
$ |
121,333 |
|
92.9 |
|
||||||
|
Table games win % |
19.2 |
% |
8.3 |
% |
|
18.6 |
% |
19.6 |
% |
|
||||||||||||
|
Table games win per unit per day |
$ |
5,903 |
|
$ |
163 |
|
3,521.5 |
|
$ |
5,390 |
|
$ |
3,472 |
|
55.2 |
|
||||||
|
Average number of slot machines |
607 |
|
440 |
|
38.0 |
|
588 |
|
529 |
|
11.2 |
|
||||||||||
|
Slot machine handle |
$ |
300,523 |
|
$ |
62,011 |
|
384.6 |
|
$ |
601,794 |
|
$ |
428,549 |
|
40.4 |
|
||||||
|
Slot machine win (3) |
$ |
9,223 |
|
$ |
2,626 |
|
251.2 |
|
$ |
19,431 |
|
$ |
15,921 |
|
22.0 |
|
||||||
|
Slot machine win per unit per day |
$ |
167 |
|
$ |
66 |
|
153.0 |
|
$ |
183 |
|
$ |
179 |
|
2.2 |
|
||||||
|
Poker rake |
$ |
— |
|
$ |
— |
|
— |
|
$ |
— |
|
$ |
2,083 |
|
(100.0 |
) |
||||||
|
Room statistics: |
|
|
|
|
|
|
||||||||||||||||
|
Occupancy |
68.0 |
% |
7.5 |
% |
|
64.4 |
% |
28.4 |
% |
|
||||||||||||
|
ADR (4) |
$ |
198 |
|
$ |
342 |
|
(42.1 |
) |
$ |
219 |
|
$ |
324 |
|
(32.4 |
) |
||||||
|
REVPAR (5) |
$ |
135 |
|
$ |
25 |
|
440.0 |
|
$ |
141 |
|
$ |
92 |
|
53.3 |
|
||||||
Note: Our casino operations in
NM - Not meaningful.
|
SUPPLEMENTAL DATA SCHEDULE (dollars in thousands, except for win per unit per day, ADR and REVPAR) (unaudited) (continued) |
||||||||||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
|
||||||||||||||||||
|
|
2021 |
2020 |
Percent Change |
2021 |
2020 |
Percent Change |
||||||||||||||||
|
Las Vegas Operations Supplemental Information |
|
|
|
|
|
|
||||||||||||||||
|
Operating revenues |
|
|
|
|
|
|
||||||||||||||||
|
Casino |
$ |
112,775 |
|
$ |
24,365 |
|
362.9 |
|
$ |
192,678 |
|
$ |
95,660 |
|
101.4 |
|
||||||
|
Rooms |
93,785 |
|
12,353 |
|
659.2 |
|
133,546 |
|
118,458 |
|
12.7 |
|
||||||||||
|
Food and beverage |
112,858 |
|
16,092 |
|
601.3 |
|
152,935 |
|
122,071 |
|
25.3 |
|
||||||||||
|
Entertainment, retail and other |
35,648 |
|
12,076 |
|
195.2 |
|
54,623 |
|
52,521 |
|
4.0 |
|
||||||||||
|
Total |
$ |
355,066 |
|
$ |
64,886 |
|
447.2 |
|
$ |
533,782 |
|
$ |
388,710 |
|
37.3 |
|
||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
Adjusted Property EBITDA (6) |
$ |
133,222 |
|
$ |
(75,564 |
) |
NM |
|
$ |
161,303 |
|
$ |
(97,641 |
) |
NM |
|
||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||
|
Average number of table games |
218 |
|
221 |
|
(1.4 |
) |
195 |
|
233 |
|
(16.3 |
) |
||||||||||
|
Table drop (2) |
$ |
427,014 |
|
$ |
90,873 |
|
369.9 |
|
$ |
751,545 |
|
$ |
505,806 |
|
48.6 |
|
||||||
|
Table games win (1) |
$ |
99,021 |
|
$ |
17,918 |
|
452.6 |
|
$ |
175,674 |
|
$ |
100,584 |
|
74.7 |
|
||||||
|
Table games win % |
23.2 |
% |
19.7 |
% |
|
23.4 |
% |
19.9 |
% |
|
||||||||||||
|
Table games win per unit per day |
$ |
4,997 |
|
$ |
2,998 |
|
66.7 |
|
$ |
4,979 |
|
$ |
4,152 |
|
19.9 |
|
||||||
|
Average number of slot machines |
1,715 |
|
1,752 |
|
(2.1 |
) |
1,631 |
|
1,762 |
|
(7.4 |
) |
||||||||||
|
Slot machine handle |
$ |
1,115,149 |
|
$ |
246,393 |
|
352.6 |
|
$ |
1,906,409 |
|
$ |
911,226 |
|
109.2 |
|
||||||
|
Slot machine win (3) |
$ |
78,890 |
|
$ |
17,523 |
|
350.2 |
|
$ |
129,379 |
|
$ |
64,197 |
|
101.5 |
|
||||||
|
Slot machine win per unit per day |
$ |
506 |
|
$ |
371 |
|
36.4 |
|
$ |
438 |
|
$ |
350 |
|
25.1 |
|
||||||
|
Poker rake |
$ |
3,927 |
|
$ |
— |
|
100.0 |
|
$ |
5,794 |
|
$ |
2,175 |
|
166.4 |
|
||||||
|
Room statistics: |
|
|
|
|
|
|
||||||||||||||||
|
Occupancy |
67.2 |
% |
43.7 |
% |
|
52.9 |
% |
70.6 |
% |
|
||||||||||||
|
ADR (4) |
$ |
333 |
|
$ |
226 |
|
47.3 |
|
$ |
332 |
|
$ |
350 |
|
(5.1 |
) |
||||||
|
REVPAR (5) |
$ |
224 |
|
$ |
99 |
|
126.3 |
|
$ |
176 |
|
$ |
247 |
|
(28.7 |
) |
||||||
Note:
NM - Not meaningful.
|
SUPPLEMENTAL DATA SCHEDULE (dollars in thousands, except for win per unit per day, ADR, and REVPAR) (unaudited) (continued) |
|||||||||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
|
|||||||||||||||||
|
|
2021 |
2020 |
Percent Change |
2021 |
2020 |
Percent Change |
|||||||||||||||
|
Encore Boston Harbor Supplemental Information |
|
|
|
|
|
|
|||||||||||||||
|
Operating revenues |
|
|
|
|
|
|
|||||||||||||||
|
Casino |
$ |
135,485 |
|
$ |
— |
|
NM |
$ |
246,964 |
|
$ |
101,790 |
|
142.6 |
|
||||||
|
Rooms |
9,670 |
|
— |
|
NM |
14,385 |
|
10,955 |
|
31.3 |
|
||||||||||
|
Food and beverage |
13,920 |
|
— |
|
NM |
23,247 |
|
20,606 |
|
12.8 |
|
||||||||||
|
Entertainment, retail and other |
6,166 |
|
206 |
|
NM |
10,735 |
|
7,745 |
|
38.6 |
|
||||||||||
|
Total |
$ |
165,241 |
|
$ |
206 |
|
NM |
$ |
295,331 |
|
$ |
141,096 |
|
109.3 |
|
||||||
|
|
|
|
|
|
|
|
|||||||||||||||
|
Adjusted Property EBITDA (6) |
$ |
46,916 |
|
$ |
(53,779 |
) |
NM |
$ |
77,279 |
|
$ |
(66,415 |
) |
NM |
|
||||||
|
|
|
|
|
|
|
|
|||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||||
|
Average number of table games |
195 |
|
|
|
197 |
|
160 |
|
23.1 |
|
|||||||||||
|
Table drop (2) |
$ |
306,070 |
|
|
|
$ |
540,632 |
|
$ |
275,631 |
|
96.1 |
|
||||||||
|
Table games win (1) |
$ |
64,874 |
|
|
|
$ |
114,251 |
|
$ |
57,286 |
|
99.4 |
|
||||||||
|
Table games win % |
21.2 |
% |
|
|
21.1 |
% |
20.8 |
% |
|
||||||||||||
|
Table games win per unit per day |
$ |
3,654 |
|
|
|
$ |
3,201 |
|
$ |
4,826 |
|
(33.7 |
) |
||||||||
|
Average number of slot machines |
2,171 |
|
|
|
2,031 |
|
2,837 |
|
(28.4 |
) |
|||||||||||
|
Slot machine handle |
$ |
1,094,178 |
|
|
|
$ |
2,007,973 |
|
$ |
767,739 |
|
161.5 |
|
||||||||
|
Slot machine win (3) |
$ |
89,560 |
|
|
|
$ |
164,380 |
|
$ |
59,448 |
|
176.5 |
|
||||||||
|
Slot machine win per unit per day |
$ |
453 |
|
|
|
$ |
447 |
|
$ |
283 |
|
58.0 |
|
||||||||
|
Poker rake |
$ |
— |
|
|
|
$ |
— |
|
$ |
5,105 |
|
(100.0 |
) |
||||||||
|
Room statistics: |
|
|
|
|
|
|
|||||||||||||||
|
Occupancy |
87.8 |
% |
|
|
81.1 |
% |
75.8 |
% |
|
||||||||||||
|
ADR (4) |
$ |
304 |
|
|
|
$ |
294 |
|
$ |
292 |
|
0.7 |
|
||||||||
|
REVPAR (5) |
$ |
267 |
|
|
|
$ |
238 |
|
$ |
222 |
|
7.2 |
|
||||||||
Note:
NM - Not meaningful.
|
(1) |
|
Table games win is shown before discounts, commissions and the allocation of casino revenues to rooms, food and beverage and other revenues for services provided to casino customers on a complimentary basis. |
|
(2) |
|
In |
|
(3) |
|
Slot machine win is calculated as gross slot machine win minus progressive accruals and free play. |
|
(4) |
|
ADR is average daily rate and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms occupied. |
|
(5) |
|
REVPAR is revenue per available room and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms available. |
|
(6) |
|
Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted Property EBITDA and Net Loss Attributable to |
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005966/en/
702-770-7555
investorrelations@wynnresorts.com
Source: