Wynn Resorts has reported net revenues of $1.69bn for the fourth quarter of 2017, an increase of 29.9 per cent from $1.3bn for the same period of 2016.
The increase in net revenues was the result of increases of $274.7m from Wynn Palace and $120.2m from Wynn Macau, partially offset by a decrease of $6.2m from the Las Vegas operations.
Net income attributable to Wynn Resorts was $491.7m, or $4.77 per diluted share, for the fourth quarter of 2017, compared to $113.8m, or $1.12 per diluted share, for the same period of 2016. This increase was primarily the result of the income tax benefit from US tax reform and increases in operating income from Wynn Palace and Wynn Macau.
For the full year, net revenues were $6.31bn in 2017, an increase of 41.2 per cent, or $1.84bn, from $4.47bn for the same period of 2016. The increase in net revenues was the result of increases of $1.56bn, $221.7m and $62.5m from Wynn Palace, which opened in August 2016, Wynn Macau and the Las Vegas operations, respectively.
