Wynn Resorts is the first corporation to report 3rd quarter results-scheduled for tomorrow.
Wynn Macau Third Quarter Results: a 41.7% increase overall almost entirely due to baccarat.
Wynn Las Vegas Third Quarter Results:
- Net casino revenues down 8.3% from the third quarter of 2010 based on lower win percentage on table games.
- Gross non-casino revenues an 11.1% increase from the third quarter of 2010, across all non-gaming segments.
I thought the casino at Las Vegas would at least hold steady from last year. The projections for growth in Macau are still off the hook (see presentation on Wynn website) as more high speed trains bring more visitors into the province in the next two years.
At least they are making more money on food, beverage, shows, and rooms in Vegas.
Vegas is seeming more and more like a gambling backwater compared to Macau.