WYNN Wynn Resorts Ltd

   By Chester Yung 
 

Casino operator Wynn Macau Ltd. (1128.HK), a unit of Wynn Resorts Ltd. (WYNN), Wednesday reported a 49% decline in net profit for the October-December quarter, dragged by the falling revenue amid a corruption crackdown in China.

Net profit for the three months ended December fell to US$139.7 million from US$275.9 million a year earlier, while net revenue dropped 32% to US$761.2 million from US$1.12 billion a year earlier, the company said.

The adjusted property earnings before interest, taxes, depreciation and amortization or EBITDA in the fourth quarter was US$241.2 million, down 36% from US$374.2 million a year earlier, the company said.

Write to Chester Yung at chester.yung@wsj.com

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