Actionable news
All posts from Actionable news
Actionable news in WYNN: Wynn Resorts, Limited,

Wynn Profit Slides on Macau Weakness

Both the top and bottom line fell short of Wall Street’s expectations. Shares, which have lost half their value so far this year, declined 8.8% to $67.27 after hours.

Despite gambling revenue in Macau being on a downward spiral for more than a year, Wynn Chief Executive Stephen Alan Wynn has remained bullish on China’s semiautonomous region.

Las Vegas-based Wynn said Thursday revenue from its Macau operations in the latest period fell 38% to...