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LAS VEGAS (AP) - Casino operator Wynn Resorts Ltd. swung to a profit that was bolstered by a strong performance of Wynn Las Vegas and it's newest resort in China, Wynn Macau, the company reported Monday.
Wynn Resorts Ltd. reported first-quarter earnings of $58.4 million, or 54 cents a share, compared with a year-ago loss of $11.4 million, or 12 cents a share.
With the opening in September of Wynn Macau on China's booming island resort, the company said net revenues for the quarter ending March 31 more than doubled to $635.3 million, up from $277.2 million in the first quarter of 2006.
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