Wynn Posts Higher Quarterly Profit on Boost from Macau Casinos

Reuters08-07

Aug 6 (Reuters) - Wynn Resorts posted a rise in second-quarter profit on Tuesday, as a post-pandemic rebound in travel to casino hubs helped attract a steady stream of visitors to its Macau properties.

Shares of the casino operator were up 2.6% in extended trading.

The company registered the highest share of revenue from Wynn Palace and Wynn Macau, its properties in Macau.

Its board also announced a dividend of 25 cents per share.

Wynn reported operating revenue of $1.73 billion for the quarter ended June 30, up from about $1.60 billion last year.

The company posted a quarterly adjusted per-share profit of $1.12, compared with 91 cents a year earlier.

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