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Wynn's Results Are a Tale of Two Cities

TheMotleyFool

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Las Vegas couldn't be going much better for Wynn Resorts (NASDAQ: WYNN). The company generated a whopping $226.7 million of adjusted EBITDA (a proxy for cash flow from a casino/resort) in the second quarter of 2022, nearly double what it generated a year ago.

Across the Pacific Ocean, Macao has been a huge drag on Wynn and the entire casino industry. Adjusted EBITDA was a negative $90.4 million due to more lockdowns and an uncertain future. The casino industry today really is a tale of two cities.

Image source: Wynn Resorts.

Source Fool.com

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