Wynn Resorts Ltd Announces Q1 2020 Results
Wynn Resorts Ltd has announced its Q1 2020 results. Operating revenues were $953.7 million during Q1 2020, a decrease of 42.3% from $1.65 billion during Q1 2019.
Net loss attributable to Wynn Resorts, Limited was $402.0 million, or $3.77 per diluted share, for the first quarter of 2020, compared to net income attributable to Wynn Resorts, Limited of $104.9 million, or $0.98 per diluted share, in the first quarter of 2019.
“Our leadership team has been working side-by-side with our host communities, fellow industry leaders and world-class medical experts to identify and implement strategies to mitigate the impact of the virus on our team members, our guests and our broader communities. In mid-March we led the industry by identifying the need for short-term closure in Las Vegas and Boston, thereby doing our part to ‘flatten the curve.’ Concurrently, we decided to invest in the health and safety of our approximately 30,000 team members globally by committing to pay their full wages and benefits through May. We continue to play a leadership role in the industry’s re-emergence, most recently producing a detailed reopening plan on April 19, developed in consultation with medical experts from Georgetown and Johns Hopkins Universities, which we believe will be the gold standard for sanitization and customer safety,” Matt Maddox, CEO of Wynn Resorts, said.
“At the same time, we have also been focused on our long-term business prospects, taking steps to bolster our already strong liquidity position by opportunistically issuing $600 million of unsecured notes and increasing our financial flexibility. While the current environment is clearly challenging, we are confident that travel and tourism will recover in both the U.S. and China, and our industry leading assets, fortress balance sheet and talented team members position the Company to thrive in the years ahead,” Matt Maddox added.
The Company announced that it has suspended its quarterly dividend programme due to the financial impact of the Coronavirus pandemic.
ZITRO IMPRESSED VISITORS AT G2E ASIA AND REINFORCED ITS COMMITMENT TO THE ASIAN GAMING MARKET
Zitro showcased its latest innovations at this year’s Global Gaming Expo (G2E) Asia, held at Marina Bay Sands in Singapore. The event served as a stage to highlight Zitro’s new range of products and increased notably its presence in the Asian gaming market.
“Over the past years, we have established a strong presence in the Philippines, and we are determined to expand our reach in other countries within the region as well”, expressed Nadège Teyssedre, Zitro’s EMEA Director. “Asia is a key market for us, and we understand the importance of adapting our offering to the local culture. To that end, we have invested significant efforts into developing a wide range of games that cater to the tastes and preferences of this dynamic market”.
The Altius Glare cabinet featured the spectacular brand-new games Fú Shòu Link and Epic Kingdom. Fú Shòu Link is a 4-level multi-game inspired by oriental mythology, with an impressive Bonus Link and enhanced Boost feature. Epic Kingdom showcased a 3-level Bonus link, where players can win the MEGA with just 1 mega symbol at the final level.
The IIlusion Glare cabinet featured games such as Colossus Fire, with 2 scalable and independent progressive levels that vary based on the player’s denomination. Also on display was the popular Asian-themed title, Bashiba Link.
Among the slot highlights for the Allure Glare cabinet was Fu Pots, offering up to 7 different bonus links. This exciting lineup also included Mighty Hammer, and the award-winning 88 Link.
The company’s online division, Zitro Digital, showcased its product portfolio for online casinos such as the recently launched Bashiba Link series with its Emperor game, in addition to the 88 Link series featuring Kokeshi Dolls, Maneki Neko, Daruma Mystery, and Koinobori Party. These titles are now part of a wide range of video slots, including popular products such as Link King, Link Me, and the Pick & Win Series, as well as the most extensive collection of video bingo games in the market.
In the words of Zitro’s International President, Sebastián Salat: “We are truly humbled and deeply grateful for the overwhelming response and resonance our products received at G2E Asia. Our goal is to approach the Asian market in a broader sense, by developing a range of products thoughtfully adapted to the unique tastes and requirements of players in this market. The extraordinary level of positive feedback of our products is proof that we are moving in the right direction. We are inspired by this success to continue pushing boundaries and expanding our offering and ensuring that our products provide the best gaming experiences for players across the region”.
BMM Testlabs Attending G2E Asia Singapore
BMM Testlabs, the world’s original gaming test lab and product certification consultancy, is pleased to attend the Global Gaming Expo (G2E) Asia at the Marina Bay Sands in Singapore between May 30 to June 1, 2023. BMM Testlabs’ expert team in Singapore is prepared to discuss BMM’s many services for the global gaming industry throughout the event.
“BMM Testlabs is pleased to participate in the G2E Asia exhibition this year in Singapore as the industry in Asia rebounds from the challenges of recent years,” the APACAF Executive Vice-President and General Manager for BMM Testlabs, Kirk White, said. “G2E Asia is a leading event for the gaming entertainment industry in the region, so the opportunity to attend is important for our team. Throughout the exhibition our team of experts will connect with our clients to support and guide them with their upcoming compliance strategies.
“BMM Testlabs is monitoring the many ongoing changes to technical compliance requirements in various markets globally, so we encourage all G2E Asia attendees to visit our Singapore office and our team attending G2E Asia in Singapore to receive important updates and information.”
“BMM Testlabs remains the testing laboratory of choice throughout Asia, providing local support for Asian manufacturers, content providers and operators,” the Asia Business Development Vice-President for BM Testlabs, Jeffrey Fong, said. “BMM Testlabs offers an unmatched understanding of the region’s technical compliance requirements and our team of experts will be available at G2E Asia Singapore to provide professional help and expertise to all attendees to ensure the compliance of gaming products now and in the future.”
BMM Testlabs is committed to delivering the highest quality certification and compliance services for both land-based and iGaming gaming products. BMM Testlabs tests and certifies EGMs, ETGs, CMS and other land-based products. For iGaming, BMM is the premier testing laboratory for certifying IP blocking, sports betting platforms and games and live slot and table solutions specific to the market. BMM Testlabs also provides the best customer experience for on-time certification that is within budget in the region.
To schedule appointments with BMM Testlabs’ world-renowned product certification and compliance services teams, please contact Jeffrey Fong (Jeffrey.Fong @ BMM.com) or Vineet Malhotra, Asia Technical Services and Compliance Vice-President for BMM Testlabs, (VMalhotra @ BMM.com).
Meet BetConstruct at G2E Asia in Singapore
BetConstruct is set to turn some heads with its cutting-edge products and solutions at the upcoming G2E Asia being held May 30 – June 1, in Singapore.
G2E Asia is one of the premier events in the iGaming market for major stakeholders and players to explore the latest trends, innovations, and business opportunities in the Asian gaming sector. The event will centre around networking, knowledge sharing, and collaboration opportunities for key executives in the industry.
BetConstruct will use this medium to unveil its latest advancements in gaming technology and bring its extensive portfolio of cutting-edge products and solutions, aimed at revolutionising the gaming experience.
The main highlights of the event include the groundbreaking Fastex ecosystem with innovative ftNFT terminals and Esports-focused Sportsbook solutions. The ftNFT terminal is a state-of-the-art solution allowing visitors to buy and sell NFTs right from the spot. Additionally, with the Esports industry experiencing immense growth, BetConstruct’s sports betting solution provides operators dynamic and engaging Esports betting experience with its live streaming capabilities, real-time odds and extensive market coverage.
Visitors can also explore BetConstruct’s land-based offerings at its dedicated corner, as well as learn more about FeedConstruct products and how to implement them in their business.
BetConstruct will showcase its vast catalogue of offerings at stand B1307 in Marina Bay Sands from May 30 to June 1. All visitors are welcome to join one of the biggest iGaming events in the area and engage in the pool of possibilities.
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