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Wynn Resorts Q3 profit rises despite Macau slump
- 2014-10-30
2014/10/29
From:Macau Business
Wynn Resorts Ltd says its third-quarter net profit rose to US$199.2 million (MOP1.59 billion) this year from US$187 million last year.
The company owns Macau casino operator Wynn Macau Ltd.
Wynn Resorts announced that its third-quarter net revenue fell to US$1.37 billion from US$1.39 billion as its net revenue in Macau decreased by 5.6 percent to US$942.3 million.
Adjusted property earnings before interest, tax, depreciation and amortisation rose by 5.3 percent to US$458.8 million. Adjusted property EBITDA in Macau decreased by 1.1 percent to US$325.5 million.
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