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Wynn Macau's profit for Q4 up 15%

Feb. 3, 2012 (China Knowledge) - Wynn Macau Ltd<1128>, the owner and operator of casino gaming and entertainment resort facilities in Macau, saw its net profit increase 15% year on year to US$239.9 million from US$208.8 million in the fourth quarter of 2011.  

In the reporting period, the Hong Kong-listed firm's sales rose to US$995.5 million from US$912.2 million a year earlier, representing an increase of 9.1%.

Adjusted property EBITDA or earnings before interest, taxes, depreciation and amortization stood at US$ 313.1 million in the fourth quarter of last year, up 5.5% year on year.

In September, the casino operator acquired a 51-acre plot in Macau at a consideration of MOP 1.55 billion or around US$194 million. Wynn Macau expects to open a new casino on the site in 2015 at the earliest.

Las Vegas-based casino operator Wynn Resorts Ltd, the owner of Wynn Macau, reaped US$5.27 billion in operating revenue in 2011, reflecting a year-on-year increase of 25.9% from US$4.18 billion. Wynn Resorts' net profit attributable to shareholders for last year stood at US$613.4 million, sources reported.

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