AP News

News Summary: Wynn Resorts' profit falls in 3Q


LUCK OUT: Casino hotel operator Wynn Resorts Ltd. saw is profit decline nearly 12 percent in the third quarter, as a debt-related loss drove expenses higher. But its adjusted earnings exceeded Wall Street expectations.

NUMBERS GAME: Net income fell to $112 million, or $1.11 per share, compared with net income of $127.1 million, or $1.01 per share, a year earlier. Excluding a debt-related loss, adjusted earnings amounted to $1.48 per share.

PLAYING THE SLOTS: Wynn's revenue was flat at $1.3 billion. It rose nearly 12 percent in Las Vegas but fell 4.3 percent at its Macau casino.


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