Wynn Is Losing $2.5 Million a Day on Macau Casino Shutdown

Wynn Posts Surprise Loss; Melco Will Not Pursue Crown Resorts Deal

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By Christopher Palmeri

February 6, 2020 at 9:18 PM UTC

Updated on

February 6, 2020 at 10:54 PM UTC

This article is for subscribers only.

Wynn Resorts Ltd. is losing about $2.5 million a day in Macau after the Chinese government ordered casinos there closed to deter the spread of the deadly coronavirus.

The company employs about 12,200 people in the region. Although the casinos were ordered closed for a 15-day period that started Feb. 5, Wynn Chief Executive Officer Matt Maddox said Thursday it was too early to predict when they would reopen.