Wynn and MGM Resorts Beat Earnings Estimates with Strong Regional and China Growth

Wynn's Las Vegas operations and MGM's Chinese casinos drive revenue growth, while both companies exceed profit expectations for the fourth quarter.

Wynn Resorts reported $1.84 billion in fourth-quarter operating revenue, surpassing analyst expectations of $1.77 billion.
Wynn's Las Vegas revenue rose slightly to $699.5 million, while Macau operations saw a 6% decline to $363.7 million.
MGM Resorts' Chinese operations grew 4% year-over-year, contributing to a total revenue of $4.35 billion, also exceeding forecasts.
MGM's digital revenue increased by 15%, and its sports betting platform, BetMGM, is projected to achieve profitability in 2025.
MGM shares surged nearly 15%, leading the S&P 500 gainers, while Wynn's stock rose 3% in extended trading.