November 27, 2014
LAS VEGAS (AP) - Casino operator Wynn Resorts Ltd. says it lost
$159.6 million in the fourth quarter of 2008 after paying $98.8
million in taxes.
The loss Wynn reported after the market closed Tuesday compares
with net income of $65.5 million in the fourth quarter of 2007.
Wynn said it lost $1.49 per basic share during the last three
months of 2008 compared with income of 58 cents per share a year
For the full year, the Las Vegas-based company says its net
income was $210.2 million, or $1.94 per basic share, compared with
$258.1 million, or $2.43 per share in 2007.
Wynn says its gambling revenue for 2008 was $479.7 million, 25.3
percent less than in 2007. Non-gambling revenue was $776.3 million
in 2008, down 3.7 percent from 2007.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.