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Wednesday, September 30, 2009

Declining Las Vegas Revenues

Bloomberg reports --

Stephen Wynn, 67, is selling assets in Macau, the world’s biggest gambling hub, as he grapples with falling revenue at Wynn Resorts Ltd.’s Las Vegas operations.

Earnings at Wynn Resorts have fallen for the past two years as a global economic slowdown hurt travel and spending at the company’s Las Vegas casinos and hotels.

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