• Wynn Resorts Posts Q3 Loss of $104 Million YoY, Interactive Division Paints Much Better Picture

    28 days ago - By Covers

    Wynn Resorts released its Q3 earnings report yesterday , which saw operating revenue fall to $889.7 million in the quarter, with the $104.9 million difference a 10.5% year-over-year decline from the same period last year.
    This moderately disappointing result was offset, however, by a substantial increase in Wynn's adjusted Q3 property earnings before interest, taxes, depreciation, and amortization which rose 12.2% YoY to $173.5 million, easily beating street forecasts of $146 million.
    Meanwhile, Wynn's Las Vegas resorts continued to drive overall group earnings by posting record...
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