Wynn Resorts Q4 net profit plunges to US$122.4 mln

2015/2/4

From：Macau Business

Wynn Resorts Ltd, the parent company of Macau casino operator Wynn Macau Ltd, says it made a net profit of US$122.4 million (MOP977.58 million) in the fourth quarter of last year, 47 per cent less than a year earlier.

Meanwhile, net profit of Wynn Macau in the last quarter of 2014 also slumped to US$139.7 million, a year-on-year drop of nearly 50 per cent, the subsidiary told Hong Kong Stock Exchange this morning.

The company attributed the decreases in part to less revenue in Macau, where gaming has slumped because a campaign against corruption in mainland China has deterred rich mainlanders from flaunting their wealth by gambling.

Copyright@Macau Business