Possessing gambling establishments in the most promising gambling zones in the world, the leading casino operator from the United States, Wynn, presented its earnings for the past year for public discussion. The data came from the activities of the corporation in the Chinese casino city of Macau. For the last quarter of 2017, profit growth showed more than 300%, which in total replenished the corporation's budget in the amount of about $ 187 million.
Wynn Palace's record 4Q 2017 profitability raised its gross margin to 118%, while the bottom line for US investors rose to 104%. The sector of slot machines demonstrates enviable stability, where revenue growth, if analyzed with the indicators of a year ago, reached 31%.
According to Wynn representatives, the obvious success over the past few months has been thanks to the right marketing strategy, the launch of a new restaurant, and the long-awaited opening of MGM Cotai. These factors predetermined the growth of traffic, which in turn led to an increase in the profitability of the business.
Summing up, we can conclude that in the last quarter of 2017, Wynn Macau was enriched by $ 1.22 billion. The same reporting period in 2016 recorded revenue growth of 916 million.
The Wynn Corporation intends to continue to implement its business projects outside the United States. Already spent about $ 100 million to buy real estate near the casino located in Everett. The opening of a new entertainment and gaming center is scheduled for 2019.
Ivanov Harlam | Last update: 27.02.2018
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