- Wynn Resorts (NASDAQ:WYNN) announces Macau revenue fell 35.8% in Q2.
- The table games turnover in the Macau VIP segment fell 41.1%, while the table games win percentage was 2.7%. The Macau slots handle and win both fell sharply as well.
- The table game win percentage in Vegas was 19.5% vs. 21%-24% expected and 27.4% a year ago.
- Las Vegas revenue -6.2% to $423.5M.
- REVPAR in Macau -5.8% to $310.
- REVPAR in Vegas +1.6% to $255.
- Total cash at the end of the quarter was $1.8B. Outstanding debt was reported to be $8.1B.
- The firm's conference call is scheduled for 4:30 ET.
- Previously: Wynn Resorts misses by $0.22, misses on revenue
- WYNN -1.28% after hours to $94.80.