Wynn Resorts Ltd (WYNN) Misses Q2 EPS by 22c; Macau Revenues Fall 36%

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Go back to Wynn Resorts Ltd (WYNN) Misses Q2 EPS by 22c; Macau Revenues Fall 36%

Wynn Resorts, Limited Reports Second Quarter 2015 Results

July 29, 2015 4:05 PM EDT

LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the second quarter ended June 30, 2015.

Net revenues for the second quarter of 2015 were $1,040.5 million, compared to $1,412.1 million in the second quarter of 2014. The decline was the result of a 35.8% net revenue decrease from our Macau Operations and a 6.2% decrease in net revenues from our Las Vegas Operations. Adjusted property EBITDA (1) was $295.4 million for the second quarter of 2015, a 36.8% decrease from $467.4 million in the second quarter of 2014.

On a US GAAP basis, net income attributable to Wynn Resorts, Limited... More