Summary by Moomoo AI
Wynn Resorts, Limited, the controlling shareholder of Wynn Macau, announced on 7 February 2024 unaudited results for the fourth quarter and full year ended 31 December 2023. The results show that Wynn Resorts, Limited's net revenue for the fourth quarter of 2023 was $7.292 billion, a significant increase from the $3.240 million in the same period in 2022. Net revenue for the full year was $7.300 billion, while a net loss of $4.239 billion was recorded in 2022. The growth was primarily driven by increased operating income from its Macau and Las Vegas operations, as well as tax credits from continuing earnings in the United States. Wynn Resorts, Limited notes that Wynn Resorts, Limited's financial performance should not be directly compared to Wynn Macau due to different accounting policies. In addition, Wynn Macau announced the end of the publication of unaudited International Financial Reporting Criteria quarterly results from the fourth quarter of 2023 in order to reduce management expenses and avoid confusion. The Company will continue to publish and publish interim and annual results and reports.