Strong Las Vegas Performance Drives Wynn Resorts' Q4 Beat
Wynn Resorts (WYNN) reported Q4 earnings and revenue that surpassed analyst expectations, driven by robust operations in Las Vegas.
Revenue from Las Vegas surged to $699.5 million, surpassing $696.8 million a year ago. Macau operations saw a modest decline of nearly 6% to $363.7 million.
Overall, total quarterly operating revenue reached $1.84 billion, exceeding the $1.77 billion analyst consensus estimate per LSEG data. Adjusted earnings per share came in at $2.42, well ahead of the projected $1.22.
The company's performance mirrors the positive trend seen at MGM Resorts International (MGM), which also beat quarterly estimates. The positive results point to a strong recovery for the gaming industry, particularly in Las Vegas.