Pursuits
Wynn Second-Quarter Profit Jumps on Macau, Vegas Recovery
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Wynn Resorts Ltd. said second-quarter profit more than doubled, beating analysts’ estimates as the owner of the Wynn and Encore casinos expanded in China and benefited from a recovery in Las Vegas.
Net income climbed to $122 million, or 97 cents a share, from $52.4 million, or 42 cents, a year ago, Las Vegas-based Wynn said today in a statement. Profit excluding some items was $1.60, beating the $1.03 average of 23 analysts’ estimates.