Wynn’s Profit Misses Estimates on Weaker Macau, Nevada
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Wynn Resorts Ltd., the casino company run by billionaire Steve Wynn, reported second-quarter results that missed analysts’ estimates because of lower winnings in Macau and Nevada.
Excluding items, profit totaled $1.38 a share, Las Vegas-based Wynn said today in a statement. That missed the $1.50 a share average of 23 analysts’ estimates compiled by Bloomberg. Revenue fell 8.3 percent to $1.25 billion, shy of estimates of $1.33 billion.