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Wynn Rockin' The Moustache, And The Revenue

Where: 3131 Las Vegas Blvd South [map], Las Vegas, nv, United States, 89109

The Wynn Las Vegas has posted its first report since opening.

The 34-day report said that the hotel's gambling revenue reached $64.3 million, exceeding analyst's expectations.

It was predicted that a full-quarter of gambling revenue at the city's most expensive hotel-casino would reach about $68 million.

Here' another tidbit of info that we would paraphrase if we understood business: "Gross non-gambling revenue for the 34 days, which includes $15.4 million of complimentary revenues, was in excess of $76.6 million."

Back to what we do know. The room occupancy rate is averaging 91 percent with rooms going for $308. The hotel had pinned hopes on an occupancy rate of 98 percent.

And of course, what you have all been waiting for, an official quote from Wynn:

"We are delighted with our first full month of operations, but we are reminded that opening a resort of this caliber and this scope is a daunting challenge," Steve Wynn, chairman and chief executive officer of Wynn Resorts, said in a statement.

Groove on Emperor Wynn.

Related Stories:
·   Wynn Las Vegas Reports 34-day Results [AP via SF Chronicle]
·   Michael Wynn Hearts Jacko [HotelChatter]
·   HotelChatter Wynn Blogging Round-Up [HotelChatter]