Wynn Resorts delivers the quarter we expected

People use their smartphones to take photos outside the Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macau, China, Tuesday, Jan. 30, 2018.

Billy HC Kwok | Bloomberg | Getty Images

Wynn Resorts (WYNN) delivered a much better-than-expected first quarter on Wednesday, with the casino operator’s properties in Las Vegas and Boston continuing to post impressive results. But what helped the company turn a windfall profit was the takeover of China’s Macau gaming hub, allowing management to reinstate a quarterly dividend of 25 cents a share.


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