Steve Wynn Urges Macau to End Uncertainty as Profit Slides
Submitted by admin on Thu, 30/04/2015 - 00:27
Billionaire Steve Wynn has called on Macau’s government to provide clarity on plans for the Chinese city as his casino company cut its dividend and China’s anti-corruption drive slashes profits.Wynn Macau Ltd. reported adjusted property earnings before interest, taxes, depreciation and amortization, or Ebitda, dropped 45 percent to $212.3 million during the first quarter. That missed a median estimate of $230.5 million from six analysts surveyed by Bloomberg.
