LEISURE & ENTERTAINMENT | Staff Reporter, Macau

Wynn Resorts reports expected 1Q16 net revenue of Macau operations up to $613 million

Compared to $705.4 million in 1Q15.

Wynn Resorts, Limited has announced preliminary expectations of its financial results for the first quarter ended March 31, 2016.

According to a release from Wynn Resorts, the results in the release it provided are preliminary and subject to the completion of the final financial statements, including the review of those financial statements by the Company’s internal accounting professionals, audit committee and independent registered public accounting firm.

In the release, it noted that, for its Macau operations, in the first quarter of 2016, net revenues are expected to be in the range of $603 million to $613 million, compared to $705.4 million generated in the first quarter of 2015.

Adjusted property EBITDA (1) is expected to be in the range of $187 million to $195 million in the first quarter of 2016, compared to $212.3 million for the first quarter of 2015.

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