Second quarter earnings for Wynn Resorts Ltd. more than tripled to $272 million in 2008 compared to the same period last year.
The increase resulted from higher earnings from Wynn Macau and a $140.7 million deferred tax benefit recorded during the quarter.
Net revenues for the second quarter reached $825.2 million, compared to $687.5 million in the second quarter of 2007, on the back of a 50.3 percent increase in revenues at Wynn Macau.
Consolidated adjusted property EBITDA increased 14 percent to $237 million for the quarter, compared to $208 million over the same period last year.