Net revenues of $1,513.6 million, compared to $1,378.7 million in the first quarter of 2013.
Growth was driven by a 14.2% revenue increase from Macau operations, modestly offset by a 1.5% decline in net revenues from the Las Vegas operations.
Adjusted property EBITDA was $494.6 million for the quarter, a 9.7% increase from $451.1 million in the first quarter of 2013.
On a U.S. GAAP basis, net income attributable to Wynn Resorts was $226.9 million, or $2.22 per diluted share, compared to net income attributable to Wynn Resorts of $203.0 million, or $2.00 per diluted share, in the first quarter of 2013.
Adjusted net income attributable to Wynn Resorts was $236.7 million, or $2.32 per diluted share (adjusted EPS), compared to an adjusted net income attributable to $205.6 million, or $2.03 per diluted share, in the first quarter of 2013.
The company approved a cash dividend for the quarter of $1.25 per common share, payable on May 29, 2014, to stockholders of record on May 15, 2014.
TheStreet Ratings team rates WYNN RESORTS LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WYNN RESORTS LTD (WYNN) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."