Wynn Resorts on Monday reported strong quarterly earnings, fueled by growth in Las Vegas and Macau, China's gambling haven.
The company created by casino mogul Steve Wynn posted second-quarter income of $89.6 million, or 82 cents a share, compared with a year-earlier net loss of $20.1 million, or 20 cents per share, when it booked preopening expenses.
Wynn said revenue rose 152% to $687.5 million, compared with revenue of $273 million in the year-ago period.
Analysts surveyed by Thomson First Call expected Wynn to report earnings of 53 cents a share on revenue of $604 million.
Shares rose more than 9% in extended hours trading.
The Wynn Macau resort generated quarterly revenue of $352.5 million, the company said. The company opened the casino in September 2006.