Wynn Resorts' Q3 Performance Misses Expectations Amid Strategic Investments

Wynn Resorts, Limited (NASDAQ:WYNN) shares are trading lower on Tuesday after the company reported worse-than-expected third-quarter EPS and revenues.

On Monday, the company reported operating revenues of $1.69 billion, missing the consensus of $1.73 billion.

Adjusted Property EBITDAR declined slightly to $527.7 million from $530.4 million a year ago quarter. Adjusted EPS of $0.90 missed the street view of $1.01.

Wynn Palace: Operating revenues fell to $519.8 million from $524.8 million a year ago, and adjusted Property EBITDAR declined to $162.3 million from $177.0 million last year.

The mass market table games win percentage increased to 23.9% from 23.3%, while the VIP table games win percentage fell to 3.04%, below the expected range and down from 3.42% in the third quarter of 2023.

Wynn Macau: Operating revenues rose to ...