Net income was $85.5 million for the first quarter of 2023, a decrease of 7.3%, or $6.7 million, from $92.2 million in the same period of 2022.
Net revenues were $425.5 million for the fourth quarter of 2022, an increase of 0.7%, or $3.1 million, from $422.4 million in the same period of 2021.
Net revenues were $414.4 million for the third quarter of 2022, effectively flat, from $414.8 million in the same period of 2021.
Net income was $92.2 million for the first quarter of 2022, an increase of $198.8 million, from a net loss of $106.6 million in the same period of 2021.
Net revenues were $428.2 million for the second quarter of 2021, an increase of 295%, or $319.7 million, from $108.5 million for the same period of 2020, primarily due to the closure of our properties during most of the second quarter in 2020 due to the COVID-19 pandemic. Compared to the same period of 2019, net revenues were down 11% or $54.7 million from net revenue of $482.9 million.
Net revenues were $352.6 million for the first quarter of 2021, a decrease of 6.6%, or $24.8 million, from $377.4 million for the same period of 2020, primarily due to the on-going impacts of the COVID-19 pandemic. Compared to the same period of 2019, net revenues were down 21.1% or $94.4 million from net revenue of $447.0 million.
Net revenues were $343.4 million for the fourth quarter of 2020, a decrease of 25.5%, or $117.4 million, from $460.8 million for the same period of 2019, primarily due to the on-going impacts of the COVID-19 pandemic.
Net revenues were $353.2 million for the third quarter of 2020, a decrease of 24.2%, or $112.7 million, from $465.9 million for the same period of 2019, primarily due to the ongoing impacts of the COVID-19 pandemic.
Net revenues were $108.5 million for the second quarter of 2020, a decrease of 77.5%, or $374.4 million, from $482.9 million for the same period of 2019, due to the closure of all of the Company's properties, as explained above.
Net revenues were $447.0 million for the first quarter of 2019, an increase of 6.2%, or $26.0 million, from $421.0 million for the same period of 2018. The increase in net revenues was primarily due to an increase in Las Vegas operations.