Summary by Moomoo AI
Wynn Macau Limited (“Wynn Macau”) announced that its controlling shareholder Wynn Resorts, Limited (“WRL”) has announced on 7 May 2024 unaudited financial results for the first quarter ended 31 March 2024. The quarterly report contains partial financial information for Wynn Macau's Macao business and has been archived with the Securities and Exchange Commission of the United States. WYNN MACAU REMINDS SHAREHOLDERS AND POTENTIAL INVESTORS THAT WRL'S FINANCIAL PERFORMANCE IS BASED ON U.S. ACCEPTED ACCOUNTING PRINCIPLES AND DIFFERS FROM THE INTERNATIONAL FINANCIAL REPORTING STANDARDS USED BY WYNN MACAU, AND THEREFORE FINANCIAL DATA CANNOT BE DIRECTLY COMPARED. WYNN MACAU OPERATES WYNN PALACE AND WYNN MACAU RESORTS IN MACAU AND PROPOSED A FINAL DIVIDEND AT ITS ANNUAL GENERAL MEETING ON 30 MAY 2024. In addition, Wynn Macau's financial condition and operating performance are affected by exchange rate fluctuations and may face risks such as refinancing and legal proceedings. THE COMPANY EMPHASIZES THAT FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS AND UNCERTAINTIES, AND ACTUAL RESULTS MAY BE IN LINE WITH EXPECTATIONS.
