Wynn announces 94.8% drop in Q2 revenue, low COVID infections for staff

Wynn Resorts had lots to talk about in the second quarter earnings call, and not much of it was good news. The casino operator has flooded the zone with terrible financial results for Q2, an update on their plans for Japan, or lack-there-of, and some news on just how healthy their employees are.

Wynn revenues grim

Group-wide operating revenues are were down 94.8% in Q2, the operator reported in their latest results. That’s down from $1.66 billion for the same period in the year prior. Operating revenues were $85.7 million, resulting in a $638 million loss.

Those losses came from all across the world of course. Wynn Palace only brought in $8.7 million in operating revenue, a 98.6% drop, and Wynn Macau had $11.9 million, a 97.8% drop. Encore Boston Harbor was closed for the entire quarter and represented $19.3 million in expenses.