Casino operator Wynn Resorts missed quarterly earnings estimates, citing weakened business in Las Vegas. The slowdown impacted revenue, signaling challenges ahead for the hospitality sector in the region.
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MGM Resorts reported earnings below estimates, citing weak performance in its Las Vegas operations. The casino operator highlighted challenges in visitor spending amid a slower-than-expected recovery in the market.
Casino operator Wynn exceeded fourth-quarter earnings estimates, driven by robust performance in its Las Vegas operations. Strong visitor demand and higher gaming revenue boosted overall results, Reuters reports.