Casinos & Gaming
An eerie, disturbingly uncomfortable hush fell over the audience Friday at Preview Las Vegas 2011 after speaker Jeremy Aguero finished his tale about the rise and fall of a great economy.
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.
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