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Wynn's Quarterly Profits Decline

October 27, 2009

The combination of gamblers spending less and casinos needing to spend more on promotions to attract them has Wynn Resorts (WYNN) posting its second straight quarterly decline today. Wynn said earnings fell by about a third, to $34.2 million, or 28 cents per share, as compared to earnings of $51.2 million, or 49 cents per share, in the same quarter last year.