Wynn Resorts reports Q1 adjusted EPS $1.25, consensus $1.18

Reports Q1 revenue $1.86B, consensus $1.83B. “Our first quarter results reflect the strength of Wynn‘s business across all of our markets,” said Craig Billings, CEO of Wynn Resorts (WYNN), Limited. “Las Vegas delivered another quarter of EBITDAR growth and continued to make gains in gaming market share. In Macau, we saw a meaningful increase in gaming volumes year-over-year alongside healthy market share, and we were pleased to increase the dividend from Wynn Macau, Limited – a reflection of the strong free cash flow the business is generating. Construction on Wynn Al Marjan Island continues to progress, and we are closely monitoring the broader situation in the Gulf region while taking additional precautions to ensure the safety and well-being of our team on the ground. We also continued to return capital to shareholders through our regular quarterly dividend and the repurchase of $54 million of stock in the quarter.”