Seeking Alpha

Light Macau revenue clips Wynn Resorts

  • Wynn Resorts (NASDAQ:WYNN) improved its revenue per available room in both Macau and Las Vegas to help it beats profit estimates in Q2. Shares of Wynn are lower in early trading due to lighter-than-anticipated revenue from Macau for the period.
  • The company's Macau business generated revenue growth of 3.2% to $961M and adjusted property EBITDA of $307M.
  • Revenue from properties in Las Vegas rose 12.5% to $451.4M and adjusted property EBITDA gained 18.3% to $135.7M.
  • A conference call is scheduled for 8:30 a.m. ET.
  • WYNN -2.8% premarket to $205.00.
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