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Wynn Resorts (WYNN) released its fourth quarter results and fiscal year 2011 results in the first week of February this year. Pardon me if I am a little late in covering that, but before I proceed, here's something interesting for you to know about Wynn Resorts, if you don't already.

The rift between Wynn Resorts and Kazuo Okada, the owner and director of Aruze USA, Inc., a gaming company, and also a business partner of Wynn Resorts, started in January this year, with Mr. Okada filing a lawsuit on the grounds that he has not been provided access to the company's confidential business records.

Things took a wrong turn in March this year. Wynn Resorts ran an investigation on Mr. Okada's business actions. Unfortunately, Mr. Okada didn't come out clean, and was removed from the Board of Directors on February 24 this year. To sum it up, things have started a little bumpy this year for Wynn Resorts.

Will this have a positive effect on the company? Well, the company's stock price has risen by 4% today, as of the time writing this article. But it must also be noted that the company's stock price has risen by over 7% in the past 3 months. Investors are probably positive about the company's future, even after the Okada incident.

Now, let's take a look at the company's recent financial layouts.

The company seems to be making HUGE profits from its gaming segment. The income from casino shot up to $4.2 billion in 2011, from $3.24 billion in 2010. Even hotel rooms fetched around $72 million more than that in the last year.

Operating income improved to $1 billion in the last year, compared to $625 million in 2010. Net income rose to $825 million in 2011, against $337 million in 2010.

If you are wondering about how the fourth quarterly results are like, the full fiscal year stats given above are just a "magnified version" of the fourth quarter results. So, even that is positive all the way.

Focusing on the geographical segments, it seems the Las Vegas scenario has picked up last year, as the income gained summed down to $101 million in 2011 against the loss of $81 million in 2010.

But on a general note, the Las Vegas section needs to improve even more. Just for record, Las Vegas Sands Corp's (LVS) 25.16% and MGM Resorts International's (MGM) 51.69% is much far better than Wynn Resorts' operating margin of 19.13%. Nonetheless, Wynn Resorts' gross margin of 37.19% seems to be better than the rest.

Recently, I was hearing about loosening of gaming restrictions in US. If that is the case of the turn-around, I would say that things are hopeful in the future as well.

I always believe, hotel industry depends a lot on the consumer confidence index (CCI), and as the global economy turns around, good times ahead for Wynn Resorts as well.

Source: Wynn Resorts' Bumpy Start To 2012