Wynn Macau Ltd. (1128.HK) said Friday its fourth-quarter net profit more than doubled from a year earlier as gambling revenue in the Chinese territory soared.

The casino operator, which listed in Hong Kong in October 2009, said its net profit for the three months ended Dec. 31 was $208.81 million, up from $77.58 million a year earlier, according to International Financial Reporting Standards.

Operating revenue rose 79% to $912.15 million from $508.40 million. The company didn't recommend a dividend.

Following its third quarter results, the company said it would pay a special dividend of $0.76 per share and that it would consider paying recurring dividends with a target yield of 1%-3% per year.

Parent company Wynn Resorts Ltd. (WYNN) reported a profit of $114.2 million for the fourth quarter compared with a loss of $5.2 million in the year earlier period. Net revenue rose 53% to $1.24 billion.

-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com
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