Q3 revenue for Wynn Resorts fell by 11%

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Q3 revenue for Wynn Resorts fell by 11%

The company's Las Vegas Operations brought in $544.4 million of the overall revenue, followed by Encore Boston Harbour with $211.8 million.

Wynn Palace and Wynn Macau both had revenue totals of $75.2 million and $40.4 million for Macau, respectively. Wynn stated that because to an epidemic of Covid-19 in July 2022, its casino activities at both sites were shut down for a total of 12 days.

Operating revenues during the third quarter of 2022 climbed by $68.4 million and $19.6 million at the group's Encore Boston Harbour and Las Vegas Operations, respectively, and declined by $106.1 million and $90.3 million at Wynn Palace and Wynn Macau, respectively, from the third quarter of 2021.

Compared to Q3 2021, which had a net loss of $166.2 million, Q3 2022 saw a net loss attributable to Wynn Resorts of $142.9 million. Adjusted property EBITDA for the time period was $173.5m, a 12% increase over the same time last year.

In comparison to the third quarter of 2021, adjusted property EBITDA at Wynn's Las Vegas Operations and Wynn Interactive grew by $12.3 million and $85.8 million, respectively, while it declined by $33.9 million, $41.9 million, and $3.4 million at Wynn Palace, Wynn Macau, and Encore Boston Harbour.

"Our teams at Wynn Las Vegas and Encore Boston Harbour delivered a new third-quarter record for adjusted property EBITDA at our combined North American properties," stated Craig Billings, CEO of Wynn Resorts.

"Their unwavering commitment to providing five-star service, together with our industry-leading amenities, keep elevating our resorts beyond the competition and making them the preferred vacation spots for affluent travellers in both Massachusetts and Las Vegas.

"While Covid-related travel restrictions continued to have a detrimental impact on our performance in Macau, we were happy to see some positive pockets of demand over the most recent holiday weekend in October. We continue to be optimistic that the market will eventually gain from more traffic.

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Launch of a New Phone Number Verification Service by IDenfy

With the aid of the new programme, it will be possible to evaluate the risk posed by a phone number and suggest appropriate course of action. Information about the customer's location, roaming nation, current network, availability, and phone contract terms will be included in the data.

In the current digital era, maintaining and guaranteeing the security of Personally Identifiable Information (PII) has become crucial for businesses and consumers alike. Gaps in security have grown increasingly obvious as a..

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Sportradar and XLMedia have a new multi-year agreement

XLMedia will disseminate the data across all of its internet brands, including Sports Betting Dime, Saturday Tradition, Saturday Down South, Crossing Broad, Elite Sports NY, and Canadian Sports Betting, using Sportradar's real-time sports data tools.

"This partnership highlights Sportradar's ability to be a one-stop shop for exclusive betting data and sports content for XLMedia's publisher partner brands and highly engaged audiences," stated Brian Josephs, Head of Regional Sales, North America, of the col..

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Deals are made by Gaming Corps with a number of casinos in Estonia

The vast selection of games from Gaming Corps, which cover all genres, are now available to players. Along with more current games like Raging Zeus, Certified Plinko, Aztec Bonus Pot, and Penalty Champion, this list also includes Jet Lucky 2 and Coin Miner.

Customers in Estonia might gain from a studio partner who puts their requirements first and offers a prompt and flexible service.

This agreement comes after Gaming Corps recently received licences to operate in Gibraltar, the Netherlands, and Gr..

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Stake.com and Odin.gg collaborate

Oddin.gg, a provider of esports betting, has teamed up with cryptocurrency casino and sportsbook Stake.com to offer odds feed services, custom risk management solutions (which are crucial for operators using cryptocurrency), as well as other services.

The esports betting environment offered by Oddin.gg intends to support Stake.com's expansion into the esports market. The esports odds feed, risk management, iFrame solution, widgets, 24/7 content, and marketing services provided by Odin.gg are advantageous ..

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SkillOnNet and Stakelogic Live extend their agreement

Before being launched to Denmark and Sweden, the new material will first be made available in the UK, Mexico, and.com nations.

Now, casinos powered by SkillOnNet as well as its own brands like PlayOjo, SpinGenie, and Bacana Play can play the live dealer games from Stakelogic Live.

The "Super Stake," one of Stakelogic Live's recommendations, allows players to virtually double their stake in an effort to increase the possibility that extra features would be activated and provide big winnings.

..

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