Wynn Resorts 2Q results beat Street expectations
Wednesday 07 de August 2019 / 03:41
⏱ 1 min read
(Las Vegas).- Wynn Resorts Ltd. on Tuesday reported better than expected quarterly results, with its casinos in both Macau and Las Vegas showing strength.
The Las Vegas-based company said it earned net income of $94.6 million, or 88 cents per share. Earnings, adjusted for non-recurring costs, came to $1.44 per share. Results in the latest quarter include pre-opening expenses for the company’s Encore Boston Harbor resort which officially opened June 23.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The casino operator said revenue rose 3.3% to $1.66 billion in the second quarter, also beating the average Street forecast of $1.59 billion. A year earlier, Wynn earned $155.8 million, or $1.44 per share, on revenue of $1.61 billion.
Revenue per available room at the company’s Las Vegas properties rose 9.5% to $300.
In afte r-hours trading, Wynn shares slipped $1.57 to $110.30. The shares have increased 13% since the beginning of the year, while the S&P 500 index has risen 15%.
Categoría:Casino
Tags: Sin tags
País: United States
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
