Net casino revenues for Wynn's Las Vegas properties in thefourth quarter were $90.7 million, down 43.3% from $160 million inthe fourth quarter of 2007. Gross non-casino revenues for thequarter were $171.9 million, a 16.9% decline from the fourthquarter of 2007. Adjusted Las Vegas property EBITDA in the finalthree months of 2008 was $32.6 million, a 66.5% decline from $97.3million in the same 2007 period.

The company attributed the performance to a "dramatic decline"in business between Thanksgiving and Christmas compared to 2007 andits lowest "hold" percentage (15.3%) for table games since itopened Wynn Las Vegas in April 2005. The hold is the percentage ofmoney bet by gamblers that is retained by the house. In the finalthree months of 2007 Wynn's hold percentage in Las Vegas was23.5%.

Hotel revenues were down 14% to $60.5 million during the quarterfrom $70.3 million in the fourth quarter of 2007. Occupancy was79.7%, down from 94.3% in the fourth quarter of 2007, generatingrevenue per available room of $224, down 20.3% from the fourthquarter of 2007.

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