Wynn Resorts Dividends Slashed Macau that is following Slump

Wynn Resorts share dividends took a nosedive this week because of poor results in Macau gambling.
Wynn Resorts Ltd is moving on the pain sensation of a drop that is sharp Macau gambling to its shareholders by cutting dividends by 67 percent, Bloomberg reports.
The gambling chain, which owns and operates the Wynn Macau casino resort, posted its earnings for the quarter that is first of this week, plus the news isn’t pretty if you are an investor.
Revenue was hovering just under $1.1 billion, a lower figure than industry estimates of $1.12 billion.
As a total result, dividends from shares spiraled downwards to 50 cents per share. That is clearly a third for the $1.50 paid out in February.
Wynn Resorts Ltd also posted a $17.1 billion dining table games turnover in the VIP sector, a fall of over 52 per cent set alongside the same quarter last 12 months. Table games turnover in the mass market sector was also down, by 7% to $279.6 million.
Following the dividends results were announced, Wynn shares dropped 9 percent to close at $130.48.
Macau Clampdowns everyone that is affecting
The continuing crackdown on corruption in China is having a huge effect on the Macau economy. Chinese President Xi Jinping is on a crusade the year that is past so to cease thousands of public officials removing towards the Macau peninsula with public funds.
The sum of money allowed to be brought from the mainland to Macau, China’s sole arbite