Wynn Macau 1st-Half Net Profit Plunges 61% on Weak Casino Revenues
August 20 2015 - 5:32AM
Dow Jones News
By Chester Yung
HONG KONG--Casino operator Wynn Macau Ltd. (1128.HK) Thursday
reported a 61% drop for its first-half net profit, which was
dragged by the decline in casino revenues.
The Hong Kong-listed company, a unit of Las Vegas-based Wynn
Resorts, said its net profit for the six months ended June fell to
1.44 billion Hong Kong dollars (US$ 185 million) from HK$3.65
billion a year earlier, while its operating revenues fell to
HK$10.25 billion from HK$16.24 billion a year earlier.
The company didn't recommend interim dividend.
Write to Chester Yung at chester.yung@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 20, 2015 05:17 ET (09:17 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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