The company indicated that its business in China could be severely affected by coronavirus closures.
Topline:
Wynn Resorts, which operates high-end hotels and casinos around the world, said in its latest earnings call that it was losing as much as $2.6 million per day from closures in Macau due to the coronavirus.from the fast-spreading coronavirus—which has now infected more than 31,000 people and killed 636, as Chinese officials in Macau recently asked all casino operators to shutter operations.
With its luxury casinos in Macau now closed during what is usually a busy time of year, Wynn Resorts is bearing the brunt of losses ranging from $2.4 million to $2.6 million per day, according to CEO Matt Maddox.of its 12,200 employees who work in Macau—the company has over 31,000 employees in total.
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