Las Vegas Is a Highlight for Wynn Resorts' Quarter
Outside of the opening of Encore Boston Harbor in late June, there were very few fireworks for Wynn Resorts, Limited (NASDAQ: WYNN) in the second quarter of 2019. Revenue rose 3.3% to $1.66 billion and net income fell from $155.8 million a year ago to $94.6 million, or $0.88 per share. The opening of Encore Boston Harbor was a big expense in the quarter, but long term it's the company's best opportunity for growth.
Image source: Wynn Resorts.
The $2.6 billion Encore Boston Harbor opened on June 23 and had just eight operating days in the second quarter. But in those eight days the resort generated $18.8 million of revenue and adjusted EBITDA of $100,000.
Source Fool.com
