Wynn Resorts $WYNN has reported a tough start to 2025, with the company’s first-quarter earnings falling short of Wall Street’s expectations. The results reflect a significant decline in revenue from its flagship properties in Macau, a key market for the luxury casino operator. The company’s performance was hampered by a soft demand for high-end resort experiences and a higher-than-usual number of wins by high-stakes gamblers, affecting its VIP casino revenue. As a result, Wynn's shares saw a notable drop of 2.4% in after-hours trading, continuing a downward trend that has seen the stock decline by more than 9% since the start of the year.