Wynn Resorts Ltd (WYNN) Tops Q2 EPS by 4c

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Wynn Resorts, Limited Reports Second Quarter 2017 Results

July 25, 2017 4:06 PM EDT

LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the second quarter ended June 30, 2017.

Net revenues were $1.53 billion for the second quarter of 2017, an increase of 44.5%, or $470.9 million, from $1.06 billion for the same period of 2016. The increase was the result of $414.7 million from Wynn Palace, which opened in the third quarter of 2016, and increases of $43.4 million and $12.9 million from Wynn Macau and our Las Vegas Operations, respectively.

On a U.S. generally accepted accounting principles ("GAAP") basis, net income attributable to Wynn Resorts, Limited was $74.9 million, or... More