Wynn Resorts Ltd (WYNN) Misses Q2 EPS by $1.16, Revenues Miss

Wynn Resorts Ltd (NASDAQ: WYNN) reported Q2 EPS of ($6.14), $1.16 worse than the analyst estimate of ($4.98). Revenue for the quarter came in at $85.7 million versus the consensus estimate of $212.17 million.

"Our leadership team continues to work closely with our host communities, fellow industry leaders and world-class medical experts to implement and advance strategies to mitigate the impact of the virus on our team members, our guests and our broader communities," said Matt Maddox, CEO of Wynn Resorts, Limited. "We are pleased to be up and running again in each of our markets. In early June, we reopened nearly our entire Wynn Las Vegas and Encore campus with an intense focus on cleanliness and safety. Similarly, in Boston, we reopened Encore Boston Harbor on July 12 to a positive reception as many of our customers currently prefer to stay close to home. In Macau, the authorities have begun to gradually and thoughtfully ease some visitation restrictions, and we are confident the market will benefit from the return of the Chinese consumer as we move through the back half of 2020."

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