Wynn Macau´s revenue was US$ 912 million and MGM reported a loss of US$ 139 million

Wynn even posted impressive gains in Las Vegas. Overall Vegas revenues stood at US$ 325 million for the quarter, up 8% year-on-year, while gambling revenues grew 16% to US$ 139 million.

This week the largest casino operator on the Las Vegas strip, MGM, reported a loss of US$ 139 million, or 29 cents a share, for the fourth quarter, compared with a loss of US$ 433.9 million, or 98 cents a share, a year earlier. MGM CEO, Jim Murren, sounded confident that Las Vegas' fortunes are turning around, claiming, "The recovery that has been long awaited and frustrating in its timing is gaining momentum." In 2010, industry wide casino revenue on the Strip rose a modest 4.1%.

This earnings season resorts and casinos with a heavy presence in Macau faced significant pressure to put up strong numbers. The Bedford Report examines the outlook for companies in the Resorts and Casinos Industry and provides research reports on MGM Resorts International and Wynn Resorts.

According to Macau's tourism agency, visitor arrivals in the gaming hotbed rose 15% to 22.7 million in the first 11 months of 2010. These numbers are only likely to improve going forward as the Macau-China border gate is set to expand its capacity to more than double its current size for the Chinese New Year, leading more gamers into the tiny region.

In fact, CLSA projects that Macau gaming revenues could surge 30 percent to US$ 30 billion this year as visitors from mainland China increase.