Wynn Resorts (WYNN) PT, Estimates Slashed at Credit Suisse
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Wynn Resorts, Limited Reports Third Quarter 2015 Results
October 15, 2015 4:05 PM EDTLAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the third quarter ended September 30, 2015.
Net revenues for the third quarter of 2015 were $996.3 million, compared to $1,370.0 million in the third quarter of 2014. The decline was the result of a 37.9% net revenue decrease from our Macau Operations and a 3.9% net revenue decrease from our Las Vegas Operations. Adjusted property EBITDA (1)Â was $279.9 million for the third quarter of 2015, a 39.0% decrease from $458.8 million in the third quarter of 2014.
On a USÂ GAAP basis, net income attributable to Wynn Resorts, Limited for... More
