Wynn Macau Rises to One-Year High as Profit Jumps 19%
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Wynn Macau Ltd., the unit of billionaire Steve Wynn’s Las Vegas-based casino company, rose to the highest in more than five months in Hong Kong trading after reporting a 19 percent increase in first-quarter profit.
Wynn Macau shares rose 0.6 percent to HK$23.45 at the close of Hong Kong trading, the highest since Nov. 2. Net income rose to $249 million in the three months through March on increased business from middle-class gamblers, the company said in a statement to the Hong Kong stock exchange. Revenue rose 4.4 percent to $992.1 million.