Casino Earnings dip again but not as far as analysts thought

Casino earnings dropped across the board amongst publicly traded casino companies, but not as far as analysts once thought. Atleast according to Poker News:

Several publicly traded casino companies have posted their second-quarter earnings over the last couple of weeks. While results were mixed, Wall Street loved the news, sending almost every gaming stock higher on the results. Wall Street had apparently been expecting the worst and received better.

The most uplifting news came from Wynn Resorts. While Wynn saw some erosion of its Las Vegas revenue, its property in Macau more than made up the difference. And unlike most of the other companies in the casino sector, Wynn actually grew their bottom line year-over-year, posting earnings of $271 million versus the $89 million from last year’s second quarter.