2024.07.17
free slots dancing drumsBut second-quarter results in Las Vegas were solid.While some rival operators have complained about weak Strip gaming revenue for the April through June period, Wynn bucked that trend. But turnover at the company’s Macau properties inched higher. (Image: Play Nevada)On a non-GAAP basis, the gaming company earned .44 a share, beating the consensus forecast by five cents. harrah s casino anderson indiana(NASDAQ:WYNN) said its second-quarter earnings based on generally accepted accounting principles (GAAP) checked in at 88 cents a share, badly missing analysts’ estimate of .26. But turnover at the company’s Macau properties inched higher. Caesars and Eldorado combine to own four casinos in Atlantic City at a time when online sports betting is booming in the Garden State.In unison, the companies operate nearly 10 properties in Indiana, which could have sports betting ready before the start of football season. draftkings casino twitter resorts casino live camclearwater casino employmentThe owner of the Encore and Wynn on the Las Vegas Strip said revenue rose 3.1 percent year-over-year to .66 billion, topping Wall Street’s expectation by million.Non-GAAP results, also known as pro forma earnings, can include earnings before interest, tax, depreciation and amorwho owns raging bull casinotization (EBITDA), a commonly used metric in the gaming industry because operators believe EBITDA provides investors with a more accurate gauge of the company’s cash flow and a more complete view of the firm’s overall financial health.EBITDA in Macau, the company’s most important market, fell 2.6 percent to 3 million, below the estimate of 5 million. Eldorado runs two casinos in Colorado, a state that votes on sports betting in November.Caesars Entertainment Corp. resorts casino restaurantsrecently sold a property, Eldorado owns or operates venues in six states where sports wagering is already permitted or soon will be.Both companies have been adding mobile sports betting in states where that is permitted, and the combined entity would have one of the dominant online wagering offerings in several states, including Indiana, Nevada and New Jersey. But second-quarter results in Las Vegas were solid.While some rival operators have complained about weak Strip gaming revenue for the April through June period, Wynn bucked that trend. Caesars Entertainment Corp. mgm casino telephone number mgm grand casino in springfield mabachusettschoctaw casino onlineThe old Hellenikon International Airport in Athens could be a casino site. But second-quarter results in Las Vegas were solid.While some rival operators have complained about weak Strip gaming revenue for the April through June period, Wynn bucked that trend. Caesars and Eldorado combine to own four casinos in Atlantic City at a time when online sports betting is booming in the Garden State.In unison, the companies operate nearly 10 properties in Indiana, which could have sports betting ready before the start of football season. Table games percentage at both properties came in slightly higher than previously forecast by Wynn.Boston Potential EvidentIn the quarter, Wynn opened its first ex-Las Vegas domestic property, Encore Boston Harbor. (NASDAQ:WYNN) said its second-quarter earnings based on generally accepted accounting principles (GAAP) checked in at 88 cents a share, badly missing analysts’ estimate of .26. Casino revenue during the quarter at Wynn and Encore was 9.8 million, up 17.7 percent from 1.7 million a year earlier.Wynn’s table games percentage in Las Vegas for the second quarter was 28.7 percent, easily topping the company’s previous guidance of 22 percent to 26 percent.After closing at 1.87 Tuesday, shares of Wynn were volatile in after-hours trading, rising by nearly three percent before falling by more than that amount, only to be higher by almost 1.7 percent at this writing.As of June 30, Wynn has .51 billion in cash and .15 billion in debt, more than a third of which is attributable to its Macau business.kicked out of thunder valley casino kansas star casino tripadvisor |