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Wynn posts higher quarterly profit on boost from Macau casinos

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August 6, 2024 6:17 PM EDT

FILE PHOTO: A woman rest next to the decoration inside the Wynn Palace casino resort in Macau, China December 20, 2019, on the 20th anniversary of the former Portuguese colony's return to China. REUTERS/Jason Lee/File Photo

(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 3.2% 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.

(Reporting by Anandita Mehrotra in Bengaluru; Editing by Mohammed Safi Shamsi)


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