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High Rollers Flee Wynn Resorts' Baccarat Tables In Macau

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High Rollers Flee Wynn Resorts' Baccarat Tables In Macau

High Rollers Flee Wynn Resorts' Baccarat Tables In Macau

Wynn Resorts shares slumped 5% after missing on revenue and giving weak guidance.

Markets Insider reports the casino operator cited weakness in VIP gaming--specifically baccarat.

A sharp slowdown in its VIP segment let to an 18% plunge in overall table turnover from a year ago.

Wynn executives say they believe the weakness is likely to continue going forward.

Revenues for the first quarter came in at $1.65 billion, slightly below the $1.67 billion that Bloomberg analysts had expected.

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High Rollers Flee Wynn Resorts' Baccarat Tables In Macau

JAN.

15, 2016 PHOTO




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