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Wynn Resorts Earns $52.4M During Second Quarter | Gaming News

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Wynn Resorts Earns $52.4M During Second Quarter
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LAS VEGAS -- Casino operator Wynn Resorts Ltd. says its second quarter profit doubled to $52.4 million with help from its new resort in the Chinese gambling enclave of Macau.

Wynn Resorts said Thursday it earned 42 cents per share during the quarter that ended June 30. That's compared with $25.5 million, or 21 cents per share, a year earlier.

The Las Vegas-based company's revenue rose to $1 billion for the quarter from $723.3 million a year earlier, as revenue in Macau climbed 74.1 percent with April's opening of Encore at Wynn Macau, adding hotel rooms and casino space.

The results beat expectations of analysts polled by Thomson Reuters for earnings of 41 cents per share on revenue of $992 million.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

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