Wynn Earnings Report Shows Vegas Weakness, Macau Improvement
Wynn and Encore Las Vegas. The company’s US operations were a drag on fourth-quarter results. (Image: Business Insider) The gaming company lost $2.53 a share on operating revenue of $686 million during the last three months of 2020. That compares with a loss of 68 cents on turnover of $1.65 billion in the comparable period in 2019. The gloomy aspect of the report is most attributable to Wynn’s domestic operations — Wynn and Encore on the Las Vegas Strip and Encore Boston Harbor. In the December quarter, the operator notched adjusted property earnings before interest, taxes, depreciatio...