Wynn Resorts reports Q2 EPS 84c, consensus 59c

Reports Q2 revenue $1.6B, consensus $1.54B. “Our second quarter results reflect continued strength in North America and Macau,” said Craig Billings, CEO of Wynn Resorts, Limited. “In the U.S., Wynn Las Vegas and Encore Boston Harbor continue to perform well, generating a new second quarter record for Adjusted Property EBITDAR at our combined North American properties. In Macau, the post-COVID recovery accelerated during the quarter, with particular strength in our mass gaming, luxury retail and hotel businesses. On the development front, we were excited to begin construction on Wynn Al Marjan Island, which we believe will be a ‘must see’ tourism destination in the UAE.”