{"id":244,"date":"2024-06-27T13:35:31","date_gmt":"2024-06-27T10:35:31","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/"},"modified":"2024-06-27T13:35:31","modified_gmt":"2024-06-27T10:35:31","slug":"covid-19-continues-to-impact-wynns-third-quarter-earnings","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/","title":{"rendered":"COVID-19 Continues to Impact Wynn&#8217;s Third Quarter Earnings"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/jvwNjBxiSZE\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>## Wynns Third Quarter Earnings Severely Impacted by COVID-19 &#8211; iGB<\/p>\n<p>Wynn Resorts&#8217; third-quarter income dropped by a significant 77.5% compared to the same period last year, reaching $370.5 million. A substantial tax adjustment led to a net loss of $831.5 million.<\/p>\n<p>Home > Casino &#038; Gaming > Brick-and-Mortar Casinos > COVID-19 Continues to Impact Wynn&#8217;s Third Quarter Earnings<\/p>\n<p>The company&#8217;s gaming income was $201.9 million, a decrease of 81.8%. Hotel income was $61.1 million, food and beverage income was $76.6 million, and entertainment, retail, and other income was $30.8 million, all declining by over 70%.<\/p>\n<p>Wynn Macau, historically the operator&#8217;s primary revenue source, generated only $15.7 million, a drop of 97.4% year-over-year, as the Macau market as a whole faced challenges due to travel restrictions. Similarly, Wynn Macau hotel revenue was only $51.4 million, down 89.2%.<\/p>\n<p>However, CEO Matt Maddox stated that operating profits in Macau started to show positive growth towards the end of the quarter, so he is confident that these difficulties will not persist for long.<\/p>\n<p>Learn more on iGB North America<\/p>\n<p>Sign up for the iGaming Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>## Wynns Third Quarter Earnings Severely Impacted by COVID-19 &#8211; iGB Wynn Resorts&#8217; third-quarter income dropped by a significant 77.5% compared to the same period last year, reaching $370.5 million. A substantial tax adjustment led to a net loss of $831.5 million. Home > Casino &#038; Gaming > Brick-and-Mortar Casinos > COVID-19 Continues to Impact [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wynn Q3 Earnings Hit Hard by COVID-19<\/title>\n<meta name=\"description\" content=\"Wynn Resorts\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"COVID-19 Continues to Impact Wynn&#039;s Third Quarter Earnings\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Secrets of Casino Success | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T10:35:31+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/\",\"url\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/\",\"name\":\"Wynn Q3 Earnings Hit Hard by COVID-19\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2web.icu\/#website\"},\"datePublished\":\"2024-06-27T10:35:31+00:00\",\"dateModified\":\"2024-06-27T10:35:31+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2web.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Wynn Resorts\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/covid-19-continues-to-impact-wynns-third-quarter-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2web.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"COVID-19 Continues to Impact Wynn&#8217;s Third Quarter Earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2web.icu\/#website\",\"url\":\"https:\/\/vegas2web.icu\/\",\"name\":\"Discover the Secrets of Casino Success | Licensed &amp; Trusted\",\"description\":\"Explore the dynamic world of online gambling with our fresh casino news, honest game reviews, and informative insights. 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