Casino Operator’s Shares Rise 3% in Extended Trading
Wynn Resorts (NASDAQ: WYNN) reported better-than-expected fourth-quarter earnings and revenue on Thursday, driven by strong business at its Las Vegas and regional properties. The upbeat results sent the company’s shares up about 3% in extended trading.
The casino operator posted total operating revenue of $1.84 billion for the quarter, surpassing analysts’ estimates of $1.77 billion, according to LSEG data. Adjusted earnings per share came in at $2.42, significantly above the expected $1.22.
Las Vegas remained a key growth driver, with operating revenue rising to $699.5 million, slightly up from $696.8 million in the same period last year. However, Macau operations saw a nearly 6% decline, with revenue falling to $363.7 million, reflecting ongoing challenges in the region.
Wynn’s strong performance follows a similar earnings beat earlier this week by peer MGM Resorts International, which benefited from robust bookings across its properties.
While Macau remains a key market, Wynn’s solid results in Las Vegas and other U.S. properties highlight the company’s resilience and ability to capitalize on domestic demand. With its Q4 outperformance, Wynn Resorts continues to demonstrate strength in a competitive gaming and hospitality landscape.
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