Gaming

Casino operator Wynn beats fourth-quarter estimates on strength in Las Vegas business

Friday 14 de February 2025 / 12:00

⏱ 1 min read

(Las Vegas).- Casino operator Wynn Resorts beat analysts' estimates for fourth-quarter profit and revenue on Thursday, driven by strong business in Las Vegas and other regional properties, sending its shares up about 3% in extended trading.

Casino operator Wynn beats fourth-quarter estimates on strength in Las Vegas business

Peer MGM Resorts International also beat quarterly estimates earlier this week, aided by robust bookings across its properties.

Wynn saw operating revenue from Las Vegas rise to $699.5 million during the quarter, compared with $696.8 million a year ago.

The company — which operates Wynn Palace and Wynn Macau properties — posted a nearly 6% dip in operating revenue from Macau to $363.7 million.

The casino operator's total quarterly operating revenue came in at $1.84 billion, compared with analysts' average estimate of $1.77 billion, according to data compiled by LSEG.

Adjusted profit per share was at $2.42, also ahead of the estimate of $1.22.

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Categoría:Gaming

Tags: Sin tags

País: United States

Región: North America