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Friday, February 11, 2011

Wynn Resorts swings to profit in fourth quarter

Wynn Resorts Ltd. of Las Vegas today posted a fourth-quarter profit, reversing a loss in the year-ago quarter, thanks to revenue increases in Macau and Las Vegas.

The company earned $114.2 million, or 91 cents per share, compared to a loss of $5.2 million, or 4 cents, in the fourth quarter of 2009.

Net revenue for Wynn Las Vegas and Encore came in at $325.1 million, up 8 percent.
Read more... http://www.lasvegassun.com/news/2011/feb/10/wynn-resorts-swings-profit-fourth-quarter/

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