So much for the much-anticipated double-digit increase.
Casinos & Gaming
Wynn Resorts Ltd., owner of Wynn Las Vegas, Encore and resorts in Macau, on Thursday posted fourth-quarter earnings that fell short of analyst expectations as its business in the former Portuguese colony declined by almost 10 percent.
It was Friday morning, and Michael Ciasco, who has bet on horse racing almost every day since he arrived in Las Vegas 36 years ago, took his seat at William Hill’s sports book at Terrible’s.
Despite its U.S. operations posting a “modest” loss, William Hill Plc. expects net revenue for 2012 to be 12 percent higher than in 2011. The British bookmaker is expected to release its official fourth-quarter and full-year earnings on March 1.
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