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Wynn Resorts 3rd-qtr net profit falls
Tue Oct 30, 2007 4:21pm EDT

LOS ANGELES, Oct 30 (Reuters) - Wynn Resorts Ltd (WYNN.O: Quote, Profile, Research) said on Tuesday quarterly net profit fell from a year ago, when the company booked a big gain from the sale of subconcession rights in Macau, China's gambling haven.

The company created by casino mogul Steve Wynn reported third-quarter net income of $44.7 million, or 41 cents per share, compared with $715.7 million, or $6.43 per share, a year ago.

Excluding the year-ago gain and other items, the company earned 67 cents per share, compared with a loss of 1 cent per share a year ago.