Wynn Resorts rises on Q2 beat, UAE casino update

As of the last close, WYNN was down 18.9% year to date, compared with a 13% rise for the S&P 500 .SPX.

Wynn also announced that its Wynn Al Marjan Island resort, the UAE's first with a casino, is expected to open in September 2027.

Wynn Resorts shares rose 5% to $102.50 in premarket trading after the casino operator on Tuesday beat second-quarter revenue and profit estimates on strong business in its Macau properties.

The company reported adjusted earnings per share of $1.24, beating analysts' average estimate of $1.11 per share, according to LSEG-compiled data.

Second-quarter revenue was $1.86 billion, compared with analysts' average expectation of $1.84 billion.