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Markets News

Wynn Resorts posts quarterly loss on pandemic woes

Aug 4 (Reuters) - Wynn Resorts Ltd on Tuesday posted a quarterly loss compared to a year-ago profit, as the coronavirus pandemic kept customers away from gaming tables and hurt the the U.S. casino operator’s gambling revenue.

Net loss attributable to Wynn Resorts was $637.6 million, or $5.97 per share, in the second quarter ended June 30, compared to a profit of $94.55 million, or 88 cents per share, a year ago.

Revenue plunged 94.8% to $85.7 million. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)

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