Macau casino operator Wynn Macau Ltd on Thursday reported an interim dividend of 0.075 Hong Kong dollars (US$0.01) per share. The company said it expects to pay the dividend on Sept. 12, according to a filing with the Hong Kong Stock Exchange.
Wynn Macao Ltd. operates the Wynn Palace resort in Cotai and also the Wynn Macao resort (pictured) in the urban peninsula. The company is a subsidiary of the U.S.-based casino developer Wynn Resorts Ltd.
The Macau unit reported net income attributable to owners of HK$1.59 billion in the first six months of 2024, compared with a profit of HK$87.5 million in the prior year.
Win Macao Inc. posted adjusted earnings (EBITDA) of HK$4.35 billion in the first half of the year before interest, taxation, depreciation and amortization, up 57.5% from a year earlier.
This represents a 37.2% year-on-year increase in operating revenue in the first half of 2024 to HK$14.73 billion. Casino revenue in the period was slightly below HK$12.09 billion, up 46.2% from a year ago.
Win Macao Inc WN said in May that its board had approved amendments to the company’s dividend policy. According to the revised dividend policy, the company’s board is supposed to “meet semi-annually to consider a dividend declaration.”
The casino operator resumed paying dividends this year, announcing a final 2023 dividend of HK$0.075 per share in March. 토토사이트 추천
Wynn Macau Inc WYN reported second-quarter operating profit of $885.3 million, down 11.3% from the previous quarter. The company said second-quarter earnings were negatively impacted by “slightly lower market share” and “slightly lower quarter-to-quarter volume holdings.”
Earlier this month, JPMorgan Securities (Asia-Pacific) cut its 2024 adjusted EBITDA forecast for WinMacao by 5.2% to HK$8.32 billion, citing “increased uncertainty” over Chinese consumption trends.
