Wynn Resorts Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, net revenues were $1,289,084,000 against $1,343,863,000 for the same period a year ago. The revenue decline was driven by 9.7% lower revenues from Macau Operations, which were partially offset by a 12.1% increase in revenues from Las Vegas Operations. Operating income was $257,962,000 against $274,806,000 for the same period a year ago. Income before income taxes was $182,608,000 against $227,109,000 for the same period a year ago. Net income attributable to Wynn Resorts, Limited was $111,373,000 or $1.10 diluted per share against $190,473,000 or $1.52 diluted per share for the same period a year ago, net income was negatively impacted by a $47.9 million increase in tax expenses due to the timing of the payment of dividends from Macau, stock option exercises and capital expenditures. Adjusted property EBITDA was $398,475,000 against $402,175,000 for the same period a year ago. Adjusted net income attributable to Wynn Resorts was $118.2 million or $1.17 per diluted share against $194.4 million or $1.55 per diluted share for the same period a year ago.

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.