UBS Upgrades Wynn Resorts (WYNN) to Buy
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Wynn Resorts, Limited Reports Fourth Quarter and Year End 2016 Results
January 26, 2017 4:05 PM ESTLAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the fourth quarter and year ended December 31, 2016.
Net revenues were $1.30 billion for the fourth quarter of 2016, an increase of 37.3%, or $353.5 million, from $946.9 million for the same period of 2015. The increase was the result of $418.7 million from Wynn Palace, partially offset by decreases of $57.2 million from Wynn Macau and $7.9 million from our Las Vegas Operations.
On a U.S. GAAP basis, net income attributable to Wynn Resorts, Limited was $113.8 million, or $1.12 per diluted share, for the fourth quarter of... More
