Steve Wynn says the casino business is a yoga class where only the agile survive

Casino operator Wynn Resorts flipped the script in its Q2 results, as Macau operations improved while Las Vegas declined.

For the three months ending June 30, Wynn’s overall revenue nudged up $20m to $1.06b while adjusted earnings improved nearly 6% to $312.7m and profit rose nearly one-quarter to $70.4m.

Wynn’s operations in Macau drove the results, as revenue gained 3.6% to $639m and adjusted earnings rose nearly 10% to $190.4m.

Wynn Macau’s VIP tables mirrored recent trends, as turnover fell 24% to $11.8b but Wynn got lucky, as VIP win hit 3.98%, more than one full point ahead of the same period last year. Wynn’s average number of VIP tables in action during the quarter fell to 183 from 247 in Q2 2015.