Wynn Resorts’ Profit Lags Estimates on Weaker Macau Sales
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Wynn Resorts Ltd., the casino company run by Steve Wynn, reported profit that trailed analysts’ estimates amid a slowing of Macau revenue and ongoing hotel renovations by the company there.
Excluding items, profit totaled $1.51 a share, Las Vegas-based Wynn said today in a statement. Analysts had projected $1.57 a share, the average of 23 estimates compiled by Bloomberg.