>Wynn Resorts loses $5.2M in 4th qtr, earns $20.7 million for 2009

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>LAS VEGAS (AP) — Casino operator Wynn Resorts Ltd. said Thursday that rising revenue at its resort in China’s gambling enclave of Macau helped narrow its fourth-quarter loss to $5.2 million.

The quarterly profit also got a boost from Wynn’s new Encore Las Vegas resort, which opened in December 2008. In the quarter ending that month, it lost $159.6 million.

But 2009 overall was harder than 2008 for billionaire CEO Steve Wynn’s casino empire, as casino customers kept their spending in check during the recession. The Las Vegas-based company earned $20.7 million, or 17 cents per share, for the year, compared with $210.5 million in 2008.

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