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Wynn Reports Lower Profits

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(photo: Ethan Miller/Getty Images)

(photo: Ethan Miller/Getty Images)

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(Las Vegas, NV)  —  Lower casino revenues in Las Vegas and Macau have taken a toll on profits at Wynn Resorts.

Chairman Steve Wynn blames the slump on lower baccarat play by high-rollers.

Revenues at Wynn Las Vegas and Encore fell nearly 38% in the second quarter, while the company’s Macau casinos saw a 7% drop from the same period in 2011.

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