Wynn Macau profit rises 1.4% to $266 million on lower costs

Wednesday, March 24, 2010 | 7:53 a.m.

Wynn Macau Ltd., controlled by billionaire Stephen Wynn’s casino operator, said profit rose 1.4 percent last year after it cut costs in the world’s biggest gambling hub.

Net income increased to HK$2.07 billion ($266 million) from HK$2.04 billion a year earlier, Wynn Macau said in a statement to Hong Kong’s stock exchange today. That compared with a mean estimate of HK$2.1 billion by six analysts surveyed by Bloomberg. Sales fell 4.3 percent to HK$14.1 billion, the company said.