Property News · November 8, 2018

Wynn Macau shares dive despite a 148 per cent jump in third-quarter profit


Shares of Wynn Macau, chaired by Hong Kong-based entertainment tycoon Allan Zeman, dived on Thursday even though the company posted a 148 per cent jump in third quarter profit from a year earlier.
Net profit for the Macau unit of Wynn Resorts in Las Vegas, reached US$223.5 million.
The company, which operates Wynn Macau and Wynn Palace, delivered US$1.31 billion in operating revenues for the three months through September, compared with US$1.09 billion in the same period in 2017. The increase…

Source : South China Morning Post
Read more…Wynn Macau shares dive despite a 148 per cent jump in third-quarter profit

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