Wynn Resorts Ltd. on Thursday reported better-than-expected profit and earnings in the fourth quarter, which the casino operator attributed to improving business conditions in Las Vegas and robust growth in Macau.
Nevada ended two straight years of declining gaming revenues by the slightest of margins. The Gaming Control Board said Thursday that casinos statewide collected $10.4 billion in gaming revenues in 2010, an increase of 0.1 percent, or roughly $12 million, compared to $10.39 billion in gaming revenues reported in 2009.
Wynn Resorts Ltd. has moved up its release of financial results for the fourth quarter and year ended Dec. 31 to Thursday.
The unexpected announcement was made on the same day a Wells Fargo analyst raised his estimates for the Las Vegas-based casino operator.
Station Casinos Inc. kicks off a multimillion-dollar marketing campaign today with an advertising blitz that includes ads during the Super Bowl, which airs at 3 p.m. on KVVU, Channel 5, in Las Vegas.
In Laughlin, a few miles up Casino Drive from the cluster of the town’s resorts, sits the hulking shell of what was to have been the Emerald River, an $800 million hotel, casino, golf and resort complex.