CAPITAL PROJECTS

Capital Projects

Capital Projects

On a US GAAP (Generally Accepted Accounting Principles) basis, net loss of Wynn Resorts for the quarter was $33.8 million, or ($0.30) per diluted share, compared to net income of $46.7 million, or $0.41 per diluted share in 2008. Adjusted net loss in the first quarter of 2009 was $30.1 million, or ($0.27) per diluted share (adjusted EPS)(2) compared to an adjusted net income of $78.2 million, or $0.69 per diluted share in the first quarter of 2008.

Our results of operations for the periods presented are not comparable as the three months ended March 31, 2009 ...