Market Mover

Wynn’s Macau offsets dip in Vegas revenue

Wynn’s net revenue grew 9.8 percent to $1.51 billion.

Jae C. Hong/Associated Press/File 2006

Wynn’s net revenue grew 9.8 percent to $1.51 billion.

Las Vegas-based casino operator Wynn Resorts Ltd. reported impressive first-quarter results that beat both earnings and revenue estimates. Adjusted earnings of $2.32 per share grew 14.3 percent over a year ago. The company attributed the jump in part to solid gambling revenues from its Macau operations, which offset a 1.5 percent decline in casino revenues from Las Vegas. Wynn is currently developing a Wynn Palace Project in Macau, which is slated to open in the first half of 2016.

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