Picture of Las Vegas Sands logo

LVS — Las Vegas Sands News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapContrarian

Casino operator Wynn beats quarterly revenue estimates on Macau boost

Nov 6 (Reuters) - Casino operator Wynn Resorts WYNN.O beat Wall Street estimates for third-quarter revenue on Thursday, driven by strong business in Macau.

"In Macau, we achieved healthy market share and saw a significant increase in mass table drop year over year," CEO Craig Billings said.

Last month, Las Vegas Sands LVS.N beat quarterly profit estimates, aided by strong Singapore and Macau businesses.

The company reported an 8.3% rise in total operating revenue to $1.83 billion, above the average analysts' estimate of $1.77 billion, according to data compiled by LSEG.

Adjusted profit was 86 cents per share, below Wall Street expectations of $1.17 per share, according to data compiled by LSEG.

 (Reporting by Anshuman Tripathy in Bengaluru; Editing by Tasim Zahid)

 ((Anshuman.Tripathy@thomsonreuters.com;))

Recent news on Las Vegas Sands

See all news