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Wynn Macau misses Q3 profit estimates
Casino's new US$4.4b resort, impeded by nearby construction, fails to lift betting revenue
Add BT as a preferred sourcePublished Thu, Nov 3, 2016 · 09:50 PM
Los Angeles
THE Macau unit of Wynn Resorts Ltd, the casino company founded by billionaire Steve Wynn, posted third-quarter profit that missed analysts' estimates as its new US$4.4 billion project in the former Portuguese colony failed to lift betting revenue there.
Wynn Macau Ltd posted adjusted property earnings of US$177 million before interest, taxes,depreciation and amortisation. That's compared with the US$182 million median estimate of seven analysts surveyed by Bloomberg.
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