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Wynn Resorts posts $2.1bn loss following 2020 revenue slump

8th February 2021 10:23 am GMT

New York-listed casino operator Wynn Resorts has reported a 58.5 per cent drop in operating revenue to $686.0m for the fourth quarter of 2020, with the development of its WynnBET online casino and sports betting offering beginning to aid its recovery from the COVID-19 pandemic.

Revenue declined across the company’s US and Macau operations as a result of restrictions imposed due to the pandemic, with Wynn Macau seeing the biggest drop as revenue fell by 65 [...]

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