S3studio/Getty ImagesTopline: Wynn Resorts, which operates high-end hotels and casinos around the world, said in its latest earnings call that it was losing as much as $2.6 million per day from closures in Macau due to the coronavirus. In addition to 40 other casino properties in Macau, Wynn Macau and Wynn Palace temporarily closed at midnight on Wednesday, though a smattering of hotel rooms and restaurants are still open for the few remaining guests. With its luxury casinos in Macau now closed during what is usually a busy time of year, Wynn Resorts is bearing the brunt of losses ranging from $2.4 million to $2.6 million per day, according to CEO Matt Maddox. Crucial statistics: The news caused Wynn Resorts stock to fall nearly 4% on Friday. Wynn Resorts’ executives are confident that the company is in good enough shape financially to withstand any losses from the coronavirus.

Source: Forbes February 07, 2020 17:54 UTC