Wynn Resorts Ltd (WYNN) Tops Q4 EPS by 27c
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Wynn Resorts, Limited Reports Fourth Quarter and Year End 2015 Results
February 11, 2016 4:10 PM ESTLAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the fourth quarter and year ended December 31, 2015.
Net revenues for the fourth quarter of 2015 were $946.9 million, compared to $1,138.0 million in the fourth quarter of 2014. The decline was the result of a 27.0% net revenue decrease from our Macau Operations, partially offset by a 3.8% increase in net revenues from our Las Vegas Operations. Adjusted property EBITDA (1)Â was $287.5 million for the fourth quarter of 2015, an 18.4% decrease from $352.5 million in the fourth quarter of 2014.
For the full year, net revenues were $4,075.9 million in 2015, down... More
