(Reuters) – Wynn Resorts on Wednesday reported second-quarter results above Wall Street estimates as strength in its Las Vegas and Macau properties drove growth in gaming, dining and hotel bookings.
The casino operator saw an accelerated recovery in visitors to Macau in the quarter ended June, while a post-pandemic revenue surge in Las Vegas continued.
“Our second quarter results reflect continued strength in North America and Macau,” said CEO Craig Billings in a statement.
Shares of the company rose 1.12% in trading after the bell.
Consolidated net revenue rose 75.6% to $1.6 billion in the quarter from a year earlier, compared with analysts’ average estimate of $1.54 billion, according to Refinitiv data.
Adjusted second-quarter earnings of 91 cents per share beat analysts’ average estimate of 59 cents.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Shinjini Ganguli)
