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Wynn Macau’s results miss the mark as gaming boom cools

Lower income from resort hotels and retail outlets has crimped the casino operator’s quarterly earnings, disappointing investors.

By Lee Shih Ta

Macau’s gaming industry has been on a roll since Covid controls were lifted, but money is now getting tighter for its Chinese visitors.

The industry roared back to life last year as gamblers flocked to Macau to try their luck after the misfortunes of the pandemic years. However, the latest earnings from one major gaming company, Wynn Macau Ltd. (1128.HK), add to mounting evidence that the growth pace is peaking out.

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