Wynn Resorts Ltd

WYNN: XNAS (USA)
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Wynn Earnings: Soft Calendar and Macroeconomic Pressures Weigh on Revenue; Shares Undervalued

Wynn's third-quarter revenue decreased 8% to $1.69 billion, with Macao and Las Vegas revenue declining 8% and 7%, respectively. Total adjusted property EBITDAR contracted 360 basis points to 27.5%, primarily from lower gaming volumes across regions.

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