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Casino company reports big uptick in revenue
Wynn Resorts Ltd.’s financial results surged in its recently completed second quarter, led by a big revenue increase at its Chinese casino in Macau. For the period, the company’s revenues totaled $1,367.4 million, up from $1,032.6 million a year earlier. Much of that rise stemmed from a 36.7 percent increase in revenues at Wynn Macau. The company’s Las Vegas operations, meantime, experienced a 22.8 percent jump for the period.
Steve Wynn, the company’s ceo, says the latter results bolster his confidence in the Las Vegas market. “I believe in Vegas; I think its best days are ahead of it,” he said in a conference call discussing his firm’s latest financials.
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