Page 19 - John Staszak News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Carnival Cruise Line to launch first voyage from U S port since last year
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Wynn Resorts Rises on Narrowed Loss, Mobile-Gaming SPAC Plan
Casino operator Wynn Resorts narrowed its first-quarter net loss and plans to merge its mobile-gaming division with a blank-check company.
Author:
Shares of Wynn Resorts (
WYNN) - Get Report were higher after the Las Vegas casino operator reported a narrower first-quarter net loss on 24% lower revenue.
The figures were weaker than Wall Street analysts had estimated.
In addition, Wynn Resorts said that its online gaming division, Wynn Interactive, would go public in a merger with a special-purpose-acquisition company, Austerlitz Acquisition I. AUS.
The casino industry, like just about everything else in the economy, is recovering from the coronavirus pandemic, which started in March 2020 and prevented operation of most facilities that required lots of people to gather in close quarters.