Wynn revealed absolutely devastating numbers for the quarter, combined with admissions about Japan, and boasts about their safety plans.
The casino operator is still interested in Japan, just not right now.
Two-thirds of the casino’s staff is going to be cut, at least until the property can get back on its feet.
The Asian casino arm of Wynn Resorts is looking for some quick cash to help its recovery from the coronavirus.
Wynn Resorts plans to raise cash via a debt issue of undetermined value, while revealing that its two Macau casinos are hanging on by a thread.
The Asian arm of Wynn Resorts saw a loss of $154 million in the first quarter and continues to lose around $2 million a day.
When Massachusetts decides to reopen its commercial activity, the Wynn Resorts casino has a plan in place to restart its operations.
Saying the governor has a new curve to flatten, Matt Maddox has called on the state to allow casinos to re-open.
Wynn Resorts' share price enjoys double-digit spike on Wednesday despite dire Q1 revenue forecast, as company insists it has cash to ride out pandemic.
Casino operators Las Vegas Sands and Wynn Resorts announce plans to extend pay for staff furloughed by COVID-19 pandemic.