Wynn Resorts' Macau Results Continue to Fall Ahead of New Casino
Water from a fountain sprays into the air in front of the Wynn Macau casino resort.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Wynn Resorts Ltd. said revenue and profit is continuing to fall in its largest market, Macau, amid a steep in drop in betting sparked by a government crackdown on corruption.
First-quarter earnings in Macau will be $187 million to $195 million before interest, taxes, depreciation and amortization, the Las Vegas-based company said Tuesday in a statement. That compared with $212.3 million in the same period last year.