Wynn

Wynn Resorts Ltd. reported second-quarter net income of $140.1 million with earnings of $1.32 per share, surpassing Wall Street's $1.01 per share estimate. Revenue reached $1.86 billion, exceeding forecasts of $1.84 billion.

Bargain buffets in Las Vegas are declining, but exceptions like South Point and Circus Circus maintain popularity through affordable pricing and attracting gamblers. Luxury buffets, such as Caesars’ Bacchanal and Wynn, thrive as the city's economy shifts toward premium dining and high-end tourism.

Wynn expects a modest delay in opening its new casino in the Middle East, specifically the Wynn Al Marjan Island resort and casino in Ras Al Khaimah, United Arab Emirates, scheduled for 2025. The project is currently under construction. Wynn anticipates a minor setback in the launch timeline.