Casino operator Wynn Resorts finished out 2015 with growth in Las Vegas and continuing declines in Macau.
On Friday, Wynn issued preliminary guidance for its Q4 and FY 2015 figures, with expectations that its Macau Q4 revenue will come in between $552m and $560m, down from $761.2m in Q4 2014. Operating income is expected to take a bigger hit, coming in between $75m and $83m, compared to $157.6m the previous year.
Full year figures for Macau show similar shortfalls, with revenue in the range of $2.459b and $2.467b, while operating income will plunge to between $382m to $390m, less than half of 2014’s $895.2m.
It’s a different story in Las Vegas, where Q4 revenue is expected to rise from 2014’s $376.8m to a range of $387m to $395m, while operating income will rise from $51.6m to a range of $56m to $64m.