BUZZ-HK's Wynn Macau falls as Q1 profit misses estimate
In This Article:
** Shares in Macau casino Wynn Macau slide as much as 5.3 pct as investors lock in profit after first-quarter earnings came in slightly short of forecast
** Weaker-than expected VIP revenues dampen earnings for Wynn Resorts, which controls the Macau unit
** Executives say Wynn is committed to the future in Macau and is focusing on reinvesting $100 million on its existing Peninsula property
** The company is also looking to potentially cooperate with shareholder Galaxy Entertainment for international jurisdictions
(Reporting by Farah Master)
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