Wynn Macau net profit up in H1

The Macau casino operator Wynn Macau Ltd recorded a net profit of HK$1.59 billion (US$203 million) for the six months ended June 30, an increase of 39.5 per cent year-on-year, according to the unaudited consolidated results posted by the gaming operator with the Hong Kong Stock Exchange.
Net revenue registered for the first six months of this year was HK$16.79 billion, an increase of 1.9 per cent when the revenue generated by Wynn Palace is excluded, given that the new property was only opened on August 22 last year. Wynn Palace made HK$6.92 billion in net revenue for the period.
Moreover, Wynn Macau Ltd explained in its filing that ‘an increase from Wynn Macau driven by higher VIP gaming volumes’ was also another contributing factor to the significant increase in net revenue.
As such, the gaming operator announced an interim dividend of HK$0.21 per share, which will be payable to shareholders whose names appear on the register of members on September 6 this year.