Wynn's New Macau Casino Delivers Forecast-Topping Profit
- Casino benefited from return of high-stakes players to enclave
- CEO gets board OK to build lake, meeting space in home turf
Wynn's new Macau casino has paid off with the company reporting first quarter results that easily topped analyst forecasts. Bloomberg Intelligence's Margaret Huang discusses the results on 'Bloomberg Daybreak: Asia.' (Source: Bloomberg)
This article is for subscribers only.
A new casino in Macau paid off nicely for Wynn Resorts Ltd.
The company founded by Steve Wynn reported first-quarter results that easily topped analysts’ forecasts, benefiting from the new Wynn Palace in the Chinese gambling enclave and improvement in its home market of Las Vegas.