Home > Finance > Full year results > Wynn Resorts hopeful of digital profit by late 2023

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.
Wynn Resorts Q1

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.

Read the full story on iGB North America

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