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Wynn's Results Are a Tale of Two Cities

Wynn's Results Are a Tale of Two Cities

Las Vegas couldn't be going much better for Wynn Resorts (NASDAQ: WYNN). The company generated a whopping $226.7 million of adjusted EBITDA (a proxy for cash flow from a casino/resort) in the second quarter of 2022, nearly double what it generated a year ago. Across the Pacific Ocean, Macao has been a huge drag on Wynn and the entire casino industry.