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31 October 2008

Wynn Third-Quarter Profit Rises on Macau Gambling | bloomberg.com

Wynn Resorts Ltd., the biggest U.S. casino company by market value, said third-quarter profit rose 14 percent as increased gambling in Macau made up for declines in Las Vegas. Net income jumped to $51.1 million, or 49 cents a share, from $44.7 million, or 41 cents, a year earlier, Las Vegas-based Wynn said today in a Business Wire statement. Revenue gained 18 percent to $769.2 million, beating the $741.7 million average estimate of 13 analysts surveyed by Bloomberg.

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