Wynn Wins with Fantastic Second Quarter Showing

Wynn WinsWynn Wins with Fantastic Second Quarter Showing

Wynn Ltd (Nasdaq: WYNN) today reported financial results for the second quarter ended June 30, 2011.

Wynn Resorts is seeing some massive revenue jumps over last year’s numbers. They attribute the increase to their Wynn Macau operations as well for the recovery of their Las Vegas operations. The second quarter also brings an approval of a fifty cent per common share cash dividend for the quarter.

Wynn Macau showed a 36.7% increase in net revenue which was roughly 975 million compared to the roughly 714 million in seocond quarter of 2010.

Much of the revitalized success of their Las Vegas operations is being attributed to an increase in revenues being generated by the performer Garth Brooks. Entertainment revenue saw an increase of 22% over last year’s second quarter.

 

July 19, 2011 by : posted in Casino Banking No Comments