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Casino operator Wynn beats fourth-quarter estimates on strength in Las Vegas business
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Casino operator Wynn beats fourth-quarter estimates on strength in Las Vegas business
Feb 13, 2025 2:06 PM

(Reuters) - Casino operator Wynn Resorts ( WYNN ) beat analysts' estimates for fourth-quarter profit and revenue on Thursday, driven by strong business in Las Vegas and other regional properties, sending its shares up about 3% in extended trading.

Peer MGM Resorts International also beat quarterly estimates earlier this week, aided by robust bookings across its properties.

Wynn saw operating revenue from Las Vegas rise to $699.5 million during the quarter, compared with $696.8 million a year ago.

The company - which operates Wynn Palace and Wynn Macau properties - posted a nearly 6% dip in operating revenue from Macau to $363.7 million.

The casino operator's total quarterly operating revenue came in at $1.84 billion, compared with analysts' average estimate of $1.77 billion, according to data compiled by LSEG.

Adjusted profit per share was at $2.42, also ahead of the estimate of $1.22.

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