Wynn Resorts Ltd (WYNN) Tops Q1 EPS by 24c
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Wynn Resorts, Limited Reports First Quarter 2016 Results
May 5, 2016 4:06 PM EDTLAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2016.
Net revenues for the first quarter of 2016 were $997.7 million, compared to $1.09 billion in the first quarter of 2015. The decline was the result of a 13.8% decrease from our Macau Operations, partially offset by a 0.7% increase from our Las Vegas Operations. Adjusted Property EBITDA (1)Â was $300.3 million for the first quarter of 2016, a 7.0% decrease from $323.0 million in the first quarter of 2015.
On a USÂ GAAP basis, net income attributable to Wynn Resorts, Limited for the first... More
