Wynn Resorts Ltd (WYNN) Lowers Quarterly Dividend 66.7% to $0.50; 1.5% Yield

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Wynn Resorts, Limited Reports First Quarter 2015 Results

April 28, 2015 4:05 PM EDT

LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2015.

Net revenues for the first quarter of 2015 were $1,092.2 million, compared to $1,513.6 million in the first quarter of 2014. The decline was the result of a 37.7% net revenue decrease from our Macau Operations, partially offset by a 1.6% increase in net revenues from our Las Vegas Operations. Adjusted property EBITDA (1) was $323.0 million for the first quarter of 2015, a 34.7% decrease from $494.6 million in the first quarter of 2014.

On a US GAAP basis, net loss attributable to Wynn... More