Casino operator Wynn misses quarterly estimates on weak Las Vegas business
Feb 12 (Reuters) - Casino operator Wynn Resorts WYNN.O missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by weaker performance in its Las Vegas business and other regional properties.
Shares of the company were down more than 3% in extended trading.
Visitations to Las Vegas fell more than 9% in 2025 year-over-year amid a decline in leisure and international segments, according to data by Las Vegas Convention and Vistors Authority.
Operating revenues from its Las Vegas operations fell $11.4 million to $688.1 million for the fourth quarter.
Table games win percentage for the fourth quarter of 2025 was 26.0% at the company's Las Vegas properties, below the 30.9% experienced in the previous year, the company said.
The company saw a $2.5 million fall in operating revenues at its Encore Boston Harbor resort.
Its posted a fourth-quarter adjusted profit of $1.17 per share, down from $2.42 per share a year earlier. Analysts on average expected $1.47 apiece, according to data compiled by LSEG.
Wynn's total operating revenue for the quarter ended December 31 fell about 1.48% to $1.87 billion, compared with the analysts' average estimate of $1.85 billion.
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