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Press Release wynnresorts limited.gcs-web.com/news-releases/news-release-details/wynn-resorts-limited-reports-first-quarter-2021-results << Back Wynn Resorts , Limited Reports First Quarter 2021 Results LAS VEGAS -- ( BUSINESS WIRE ) -- May 10 , 2021-- Wynn Resorts , Limited ( NASDAQ : WYNN ) ( the " Company " ) today reported financial re : ended March 31 , 2021 . Operating revenues were $ 725.8 million for the first quarter of 2021 , a decrease of 23.9 % , or $ 227.9 million , from $ 953.7 million for the firs loss attributable to Wynn Resorts , Limited was $ 281.0 million , or $ 2.53 per diluted share , for the first quarter of 2021 , compared to net loss Resorts , Limited of $ 402.0 million , or $ 3.77 per diluted share , in the first quarter of 2020. Adjusted Property EBITDA ( 1 ) at our integrated re increased $ 17.2 million , $ 50.2 million , and $ 43.0 million at Wynn Palace , our Las Vegas Operations , and Encore Boston Harbor , respectiv $ 2.7 million at Wynn Macau , when compared with the first quarter of 2020. Adjusted Property EBITDA at our Las Vegas Operations and E for the first quarter of 2020 included the impact of $ 56.4 million and $ 19.3 million of expense , respectively , accrued during the quarter relat to pay salary , tips , and benefits continuation for all of our U.S. employees for the period from April 1 through May 15 , 2020 . " Our first quarter results reflect continued progress in our business as consumers began to once again travel to their favorite leisure and gi said Matt Maddox , CEO of Wynn Resorts , Limited . " Wynn Las Vegas showed continued strength in the casino segment , with the property destination of choice for high quality gaming customers , while forward bookings in the leisure segment improved throughout the quarter . E again delivered record Adjusted Property EBITDA on the back of solid execution across the property . In Macau , we experienced continued improvement in visitation trends driving particular strength in premium mass casino and luxury retail . " " We are also pleased to announce our intention to fuel the growth of WynnBET through a merger of Wynn Interactive with Austerlitz Acqui : proud to join forces with Bill Foley as we continue to aggressively scale in online sports betting and iGaming . With WynnBET now live in si launching enhanced product features and expanding our market position in 2021. " Consolidated Results Operating revenues were $ 725.8 million for the first quarter of 2021 , a decrease of 23.9 % , or $ 227.9 million , from $ 953.7 million for the firs Operating revenues decreased $ 22.2 million , $ 49.8 million , $ 145.1 million , and $ 10.8 million at Wynn Palace , Wynn Macau , our Las Vegas Encore Boston Harbor , respectively , from the first quarter of 2020 . On a U.S. generally accepted accounting principles ( " GAAP " ) basis , net loss attributable to Wynn Resorts , Limited was $ 281.0 million , or $ share , for the first quarter of 2021 , compared to net loss attributable to Wynn Resorts , Limited of $ 402.0 million , or $ 3.77 per diluted share 2020. Adjusted net loss attributable to Wynn Resorts , Limited ( 2 ) was $ 268.0 million , or $ 2.41 per diluted share , for the first quarter of 202 adjusted net loss attributable to Wynn Resorts , Limited of $ 377.9 million , or $ 3.54 per diluted share , for the first quarter of 2020 . Adjusted Property EBITDA was $ 58.9 million for the first quarter of 2021. Adjusted Property EBITDA was $ ( 5.3 ) million for the first quarter included the impact of $ 75.7 million of expense accrued during the quarter related to our commitment to pay salary , tips and benefits conti U.S. employees for the period from April 1 through May 15 , 2020 . Property Results In response to the initial outbreak of COVID - 19 in early 2020 , each of our properties was subject to partial or full closure for varying length : and each has since reopened with certain COVID - 19 specific protective measures in place . Although authorities around the world have ea protective measures and several vaccines have been granted authorization in numerous countries and are being rolled out to citizens bas priority of need , certain travel restrictions , quarantine measures , testing requirements , and capacity limitations remain in effect , and the Co unable to determine when protective measures will be lifted and when the Company will be able to resume certain offerings at our Macau Vegas Operations , and Encore Boston Harbor . On April 13 , 2021 , the Governor of Nevada announced that the statewide social distancing removed and decisions on social distancing will be returned to local authority by May 1 , with a goal to have all Nevada counties open to 10 June 1. The Nevada Gaming Control Board will continue to maintain authority over gaming areas of licensed properties in Nevada . On Ma Gaming Control Board announced that , effective immediately , the Company's Las Vegas Operations are permitted to reopen all gaming ar capacity , with no continuing table game or slot machine spacing restrictions . On April 27 , 2021 , the Governor of Massachusetts announce further reopening and increased capacity over the next several months . Effective August 1 , 2021 , subject to public health and vaccination restrictions will be lifted and capacity limits will increase to 100 % . Macau Operations Wynn Palace Operating evenues from Wynn Palace were $ 237.3 million for the first quarter of 2021 , an 8.5 % decrease from $ 259.5 million for the first Adjusted Property EBITDA from Wynn Palace was $ 27.4 million for the first quarter of 2021 , compared with $ 10.2 million for the first quart games win as a percentage of turnover was 4.38 % , above the property's expected range of 2.7 % to 3.0 % and above the 2.91 % experienc of 2020. Table games win percentage in mass market operations was 21.7 % , below the 27.5 % experienced in the first quarter of 2020 . Wynn Macau Operating revenues from Wynn Macau were $ 179.7 million for the first quarter of 2021 , a 21.7 % decrease from $ 229.5 million for the first Adjusted Property EBITDA was $ 16.6 million for the first quarter of 2021 , compared with $ 19.2 million for the first quarter of 2020. VIP Tab percentage of turnover was 3.25 % , above the property's expected range of 2.7 % to 3.0 % and below the 4.14 % experienced in the first qua games win percentage in mass market operations was 17.8 % , below the 20.4 % experienced in the first quarter of 2020 . Las Vegas Operations Operating revenues from our Las Vegas Operations were $ 178.7 million for the first quarter of 2021 , a 44.8 % decrease from $ 323.8 millior of 2020. Adjusted Property EBITDA from our Las Vegas Operations for the first quarter of 2021 was $ 28.1 million . Adjusted Property EBIT Vegas Operations for the first quarter of 2020 was $ ( 22.1 ) million , which included the impact of $ 56.4 million of expense accrued during the our commitment to pay salary , tips , and benefits continuation for all of our U.S. employees for the period from April 1 through May 15 , 2020 percentage for the first quarter of 2021 was 23.6 % , within the property's expected range of 22 % to 26 % and above the 19.9 % experienced 2020 . Encore Boston Harbor 1/13