Wynn Resorts foresees a decline in its fourth quarter revenue

Wynn Resorts reflects Macau’s general downward trend.

The company’s business in Macau is expected to report lower profits in comparison with 2015’s.

Macau.- According to Bloomberg, Wynn Resorts reckons its operating profit for the fourth quarter of 2016 will range from US$75m to US$83, whilst in the same period last year the company’s operating profit amounted to US$157.6m.

The same source reports Wynn Resorts forecasts a fourth-quarter revenue between US$552 million and US$560 million. Again, the numbers does not look promising in comparison with 2015’s revenue of US$761.2m, which is not surprising given the downfall in Macau’s casinos figures.

 

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