Wynn Resorts Revenue Plunges 42% in Q1 as Dividend Is Suspended
Wynn Resorts (NASDAQ: WYNN) suffered a 42% plunge in first-quarter revenue as the coronavirus pandemic slammed gambling operations in Macao and Las Vegas.
Where analysts had forecast a loss of $1.20 a share on revenue of $1.02 billion, the casino operator recorded a massive adjusted loss of $3.54 per share on just $953.7 million in revenue. Wynn suspended all dividend payments as a result.
Image source: Wynn Resorts.
Source Fool.com
