Wynn Resorts earns $114.2M in 4Q on Macau revenue - BusinessWeek

Thursday, 10 February 2011 18:34 administrator
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LAS VEGAS

Casino operator Wynn Resorts Ltd. says it reversed a fourth-quarter loss, thanks in part to opening a new resort in Macau in April that boosted Wynn's quarterly revenue in the Chinese enclave by 79 percent.

The company said Thursday that it earned $114.2 million, or

91 cents per share, compared with a loss of $5.2 million, or 4 cents per share, during 2009's fourth quarter.

The Las Vegas company, run by billionaire Steve Wynn, reported revenue of $1.24 billion, compared with $809.3 million during the fourth quarter of 2009.

Wynn's adjusted income was also 91 cents per share.

Analysts expected Wynn to report quarterly profit of 71 cents per share and revenue of $1.134 billion, according to FactSet.




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