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Wynn Resorts earnings top estimates; Macau revenues rise 25 percent

Wynn Resorts Ltd., the casino company that expects to open its Wynn Palace resort on Macau’s Cotai Strip during the first half of 2016, reported fourth-quarter earnings Thursday that easily beat analyst expectations. And the company’s revenues from its two Macau casinos increased by double-digits.

Would a downtown arena serve tourists or locals? Depends on who you ask

In pitching a $390 million publicly subsidized arena to the Las Vegas City Council last week, developer David Cordish sold it as a venue mostly for locals as well as a shot-in-the-arm for downtown redevelopment. If Cordish’s description is accurate, his project would be incompatible with the city’s plan to pay for it.