Casino operator Wynn Resorts posted a rare net loss in Q1 as Macau’s nearly year-long slump continues to wreak balance sheet havoc.
Revenue in the three months ending March 31 fell 27% to $1.09b and earnings fell 34.7% to $323m. Wynn posted a net loss for the quarter of $44.6m compared to a $227m profit in the same period last year. The bad news didn’t end there, as Wynn was forced to cut …read more
Source:: Wynn Resorts loses $44m in Q1 as Macau drags down results
Wynn Resorts loses $44m in Q1 as Macau drags down results
No comments:
Post a Comment