(Reuters) – Casino operator Wynn Resorts beat analysts’ estimates for fourth-quarter profit and revenue on Thursday, driven by strong business in Las Vegas and other regional properties, sending its shares up about 3% in extended trading.
Peer MGM Resorts International also beat quarterly estimates earlier this week, aided by robust bookings across its properties.
Wynn saw operating revenue from Las Vegas rise to $699.5 million during the quarter, compared with $696.8 million a year ago.
The company — which operates Wynn Palace and Wynn Macau properties — posted a nearly 6% dip in operating revenue from Macau to $363.7 million.
The casino operator’s total quarterly operating revenue came in at $1.84 billion, compared with analysts’ average estimate of $1.77 billion, according to data compiled by LSEG.
Adjusted profit per share was at $2.42, also ahead of the estimate of $1.22.
(Reporting by Anshuman Tripathy and Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar)
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