Wynn Resorts said revenue and profit is continuing to fall in its largest market, Macau, amid a steep in drop in betting sparked by a government crackdown on corruption.
First-quarter earnings in Macau will be $187m to $195m before interest, taxes, depreciation and amortisation, the Las Vegas-based company said in a statement. That compared with $212.3m in the same period last year.
Revenue in the Chinese enclave will be $603m to $613m, compared with $705m a year earlier, Wynn said. Both VIP and mass-market betting were down.
The company plans to open its newest Macau property, the $4.1bn Wynn Palace, in June.
