Wynn Macau's Adjusted Pre-Tax Earnings Fall in Q1

MT Newswires Live

05-07

Wynn Macau's (HKG:1128) adjusted property pre-tax earnings declined to $252.1 million in the first quarter from $339.6 million in the year-ago period, according to a Wednesday earnings disclosure to the Hong Kong bourse.

Operating income slid to $127.1 million from about $206 million in the year-ago period.

Wynn Resorts owns 72% of Wynn Macau, which operates the Wynn Palace and Wynn Macau resorts. The two resorts form Wynn Resorts' Macau operations.

Shares in Wynn Macau jumped 2% during morning trading on Wednesday.

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