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.

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Source Fool.com