Wynn Resorts hopeful of digital profit by late 2023
| By Robert Fletcher
Wynn Resorts said that its digital business could post a profit by late 2023 after losses for the division were significantly reduced year-on-year during its 2022 financial year.
Launched in 2013, the Wynn Interactive division has a presence in a number of states across the US, but remains loss-making, with figures for 2022 showing the division posted an adjusted property loss before interest, tax, depreciation, amortisation, depreciation and rental costs (EBITDAR) of $98.5m.
However, this was significantly lower than $267.4m in the previous year and. after it came close to breaking even in the fourth quarter, chief executive Craig Billings said the division could become profitable before the end of 2023.