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High Rollers Flee Wynn Resorts' Baccarat Tables In Macau

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Wynn Resorts shares slumped 5% after missing on revenue and giving weak guidance. Markets Insider reports the casino operator cited weakness in VIP gaming--specifically baccarat. A sharp slowdown in its VIP segment let to an 18% plunge in overall table turnover from a year ago. Wynn executives say they believe the weakness is likely to continue going forward. Revenues for the first quarter came in at $1.65 billion, slightly below the $1.67 billion that Bloomberg analysts had expected.

Added on the 10/05/2019 20:01:37 - Copyright : Wochit

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