Wynn Resorts Post A $1 Billion Loss For Half Year

Wynn Resorts has announced a $1 billion loss for the first half of 2020 following the impact of the COVID-19 pandemic that saw it  temporary close both Las Vegas and Macau operations.

Revenues for the period matched that of its loss at $1.04 billion which represents a drop of $3.3 billion from the previous corresponding year, which is a fall of 68.6%.

The operators Macau operations had to close from the beginning of February and reopened up on the 20^th February, however Macau is suffering hugely from the impact of travel restrictions from mainland China and Hong Kong.

In the US Las Vegas casinos had to close March 17^th and were only allowed to reopen on June 4^th but again business is at a reduced rate.