Wynn Resorts Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares Quarterly Dividend Payable on February 28, 2013
For the year, net revenues were $5,154,284,000 against $5,269,792,000 for the same period a year ago. The revenue decrease was driven by a 3.2% decline in revenues from Macau Operations, which was partially offset by a 0.4% increase in revenues from Las Vegas Operations. Operating income was $1,029,276,000 against $1,008,240,000 for the same period a year ago. Income before income taxes was $732,998,000 against $805,567,000 for the same period a year ago. Net income attributable to Wynn Resorts, Limited was $502,036,000 or $4.82 diluted per share against $613,371,000 or $4.88 diluted per share for the same period a year ago. Adjusted property EBITDA was $1,575,812,000 against $1,635,268,000 for the same period a year ago. Adjusted net income attributable to Wynn Resorts was $558.4 million or $5.36 per diluted share against $701.1 million or $5.58 per diluted share for the same period a year ago.
The company has approved a cash dividend for the quarter of $1.00 per common share. This dividend will be payable on February 28, 2013, to stockholders of record on February 14, 2013.