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Wynn Resorts quarterly results beat estimates on strength in Macau business

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- Wynn Resorts on Tuesday beat Wall Street estimates for first-quarter profit as strength in gaming, luxury retail and hotel bookings drove steady demand at its Macau properties.The post-pandemic rebound in travel to casino hubs such as Las Vegas and Macau has been a tailwind for operators such as Wynn."The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter," said CEO Craig Billings.Wynn reported operating revenue of $1.

Its quarterly adjusted profit per share of $1.59 was above last year's 29 cents and also beat analysts' estimates of $1.27 per share.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.

 

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