Wynn Resorts Ltd (WYNN) Raises Quarterly Dividend 50% to $0.75; 1.6% Yield

Go back to Wynn Resorts Ltd (WYNN) Raises Quarterly Dividend 50% to $0.75; 1.6% Yield

Wynn Resorts, Limited Reports First Quarter 2018 Results

April 24, 2018 4:01 PM EDT

LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2018. The results reflect the Companys adoption of the new revenue recognition standard ("ASC 606"), effective January 1, 2018. Certain prior period amounts have been reclassified to reflect the full retrospective adoption of ASC 606, with no impact on operating income, net income or Adjusted Property EBITDA (1).

Operating revenues were $1.72 billion for the first quarter of 2018, an increase of 20.5%, or $291.8 million, from $1.42 billion for the same period of 2017. The increase was the result of increases of $213.5 million, $65.5... More