By Joanne Chiu
Casino operator Wynn Macau Ltd. (1128.HK) Thursday reported a 40% drop in net profit for 2016, as rising costs dragged down a recovery in casino revenue.
The Hong Kong-listed casino operator said its full-year net profit fell to 1.44 billion Hong Kong dollars (US$185.3 million) from HK$2.41 billion a year earlier. Its revenue rose 16% to HK$22.10 billion from HK$19.10 billion a year ago. It recommended a final dividend of HK$0.42 a share.
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