While growth in Macau slowed, a still-torrid pace of new gambling revenue there — and a continuing high-end rebound in Las Vegas — helped Wynn Resorts push its revenue and profit sharply higher in the fourth quarter of 2011.
Brisk growth in play in Macau and Singapore, coupled with burgeoning margins and a continuing modest rebound in Sin City, saw Las Vegas Sands announce its first dividend payment as fourth quarter profit and revenue hit record levels.
WMS Industries posted a sharp decline in both profit and revenue in its fiscal second quarter as global demand for gambling devices remained relatively soft, but the slot machine maker touted growing acceptance of its innovations as paving the way for brighter times ahead.
Soft product sales in North America, coupled with pressure on gaming operations yields and margins dragged down International Game Technology’s fiscal first-quarter financial results.
Higher visitation, play levels and the luck of the House helped the Las Vegas Strip post an impressive 9 percent gain in November gambling revenue, while, for once, almost all of Nevada’s casino markets posted year-over-year increases.
Rising visitation and brisk baccarat play helped the Las Vegas Strip push its October gambling revenue up sharply even as parts of the rest of Nevada continued to see year-over-year drops.
Continued growth in Singapore and Macau, along with a steady rebound in its home town and fewer promotional allowances, helped Las Vegas Sands more than double its third-quarter profit.
Bally Technologies rode an increasing installed base and improved margins to post higher per-share profit and revenue in its fiscal first quarter – and bumped up its profit outlook to boot.
Higher margins, especially among its Las Vegas locals market, helped Boyd Gaming overcome hurricane-related pressure in New Jersey — as well as flat revenue elsewhere — and keep it in the black in its latest quarter.
A slump in baccarat play on the Las Vegas Strip helped drag down gambling revenue both there and state-wide in August, according to data from the Nevada Gaming Control Board.
