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Wynn Resorts 4Q Earnings, Sales Top Wall Street Forecasts

Wynn Resorts reported Monday fourth-quarter earnings and sales that topped Wall Street forecasts, and as a result shares of Wynn Resorts and other casino giants such as Las Vegas Sands reached multi-year highs. 

Investor’s Business Daily reports that the rise was helped largely by gains from Wynn Palace and Wynn Macau, its two Macau resorts.

However, sales in the company's Las Vegas properties fell 1.6%.  Las Vegas Sands reports fourth-quarter results on Wednesday.