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Wynn: The First 34 Days By The Numbers

By Chuckmonster on Thursday, 2nd June 2005 9:09pm
  » filed under Las Vegas  comments: 0


Wynn Las Vegas net gaming revenues for the first 34 days of operations were $64.3 million. The slot segment produced total net revenues of $20.2 million, with a win per unit per day of $304. The table games segment generated net revenues of $42.7 million, representing win per table per day of $9,244 in the period.

Since our opening on April 28th, 2005, Wynn Las Vegas average daily room rate was $308 with occupancy averaging 91% as we strategically increased room availability to 100%. Gross non-gaming revenues for the 34 days, which include $15.4 million of complimentary revenues, were in excess of $76.6 million, as hotel, retail, food and beverage and other departments surpassed our estimates. "We are delighted with our first full month of operations, but we are reminded that opening a resort of this caliber and this scope is a daunting challenge. As the weeks progress and our opening and startup challenges are met one at a time, operating efficiencies will emerge. This process is far from over and will take several months. The early results should be measured accordingly," commented Steve Wynn, Chairman and Chief Executive Officer of Wynn Resorts, Limited

[ I won $400 on the slots there, but spent $38 of it on a chocolate mold of the Wynn building. With great delight, I chewed off the top 3 floors. - Ed ]



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