Wynn Resorts decided to release preliminary third quarter results today at the close of the market.
At a glance it seems that Wynn Las Vegas will either squeak by with a $2 million profit or post a small $2 million loss. This is down from $35.8 million in the year ago quarter. Part of this is pre-opening expenses but mostly it sounds like lower EBITDA.
WLV ADR is down by $10 from the year ago quarter.
Wynn Macau is expected to clock in between $57 and $63 million, way up from the $39.2 million in the year ago quarter.
They're not offering much guidance given the economy and the Macau visa restrictions.
It seems like once again the Macau property salvages the earnings. The company reported having $1.7 billion in cash.