Summery Box: A summary of 4th-qtr results for Wynn Resorts, which narrowed it loss to $5.2M

Summary Box: 4th-qtr results for Wynn Resorts

WHAT HAPPENED: Wynn Resorts’ fourth-quarter loss narrowed to $5.2 million, or 4 cents per share, for the quarter that ended Dec. 31.

WHAT IT MEANS: Revenue beat analyst expectations, but earnings excluding one-time items did not. Operating income of $89 million in China’s gambling enclave, Macau, made up for operating losses of $56.7 million in Las Vegas.

LOOKING FORWARD: The company said it plans to open its newest resort, the Encore at Wynn Macau, in April. It also plans to develop with a partner a three-story waterfront casino in Philadelphia that will not have a hotel.