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Wynn Resorts Limited  (WYNN)
Other Ticker:  
 
    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services
 
Price: $98.8400 $-0.25 -0.252%
Day's High: $99.73 Week Perf: -4.08 %
Day's Low: $ 98.99 30 Day Perf: -6.52 %
Volume (M): 54 52 Wk High: $ 117.86
Volume (M$): $ 5,399 52 Wk Avg: $99.11
Open: $99.54 52 Wk Low: $81.65



 Market Capitalization (Millions $) 11,417
 Shares Outstanding (Millions) 116
 Employees 26,950
 Revenues (TTM) (Millions $) 6,532
 Net Income (TTM) (Millions $) 782
 Cash Flow (TTM) (Millions $) -814
 Capital Exp. (TTM) (Millions $) 443

Wynn Resorts Limited

Wynn Resorts, Limited, a Nevada corporation, was formed in June 2002 and completed an initial public offering of its common stock on October 25, 2002. The Company is a leading developer, owner and operator of destination casino resorts. We own and operate two destination casino resorts: “Wynn Las Vegas,” on the “Strip” in Las Vegas, Nevada, and “Wynn Macau,” located in the Macau Special Administrative Region of the People’s Republic of China (“Macau”). We are also currently constructing “Encore Suites at Wynn Las Vegas” or “Encore” and Wynn Diamond Suites at Wynn Macau. We review our results based on the following segments: Wynn Las Vegas, which includes Encore, and Wynn Macau.

Wynn Las Vegas and Wynn Macau were designed and built to attract premium gaming customers. Wynn Las Vegas offers luxurious rooms and suites, high-limit tables, VIP gaming salons, exquisite fine dining, premium retail shopping, distinctive entertainment and an 18-hole golf course. The Tower Suites at Wynn Las Vegas is the only casino resort in the world to have been awarded both the Mobil five star and AAA five diamond distinctions and four of Wynn Las Vegas’ restaurants have been recognized by AAA (including our AAA rated, 5-Diamond French restaurant, Alex) and Michelin, the esteemed European restaurant rating system. Three of our restaurants were awarded Michelin stars. Two Michelin stars were awarded to Alex and one Michelin star was awarded to each of Wing Lei and Daniel Boulud Brasserie. Overall our resort and country club received five red pavilions, the highest Michelin accommodations rating. Our hotel and gaming offerings are designed to meet the expectations of high-budget, premium customers, including our Asian customers. We expect our Asian customer segment to become even more significant with Wynn Macau, and intend to capitalize on cross-marketing opportunities between Wynn Las Vegas and Wynn Macau.

Capitalize on our Opportunity in Macau. The government of Macau has made a major commitment to ensure that Macau becomes a tourist destination of choice in Asia by encouraging significant investment in new and expanded casino entertainment facilities to enhance its reputation as a casino resort destination and to attract additional tourists and lengthen stays. The Chinese government continues to gradually relax its travel and currency restrictions, allowing mainland Chinese from certain urban centers and economically developed areas to visit Macau without joining a tour group and increasing the amount of currency that Chinese citizens are permitted to bring into Macau. We expect tourism in Macau to continue to grow as the Chinese government continues to liberalize restrictions on travel and currency movements.

Gaming customers from Hong Kong, southeast China, Taiwan and other locations in Asia can reach Macau in a relatively short period of time, and visitors from more distant locations in Asia can take advantage of short travel times by air to Macau or to Hong Kong. The relatively easy access from major population centers positions Macau as a popular gaming destination in Asia.

We utilized our brand and significant experience in Las Vegas in providing a Steve Wynn-designed property on our 16-acre site located in Macau’s inner harbor area across from the Hotel Lisboa, Macau’s best-known casino. Our concession provides us with the ability to develop an unlimited number of casino resorts with Macau government approval, which adds significant value to our Macau opportunity.

Las Vegas Real Estate Assets. Wynn Las Vegas is located on approximately 55 acres on the famed Las Vegas Strip. Our property is located between the approximately 3.2 million square feet of convention space operated by the Las Vegas Convention and Visitors Authority and the Palazzo and Venetian Casino Resort and their approximately 1.8 million square foot Sands Expo Center; diagonally across from the Mirage and the Treasure Island Hotel and Casino; directly across from the Fashion Show Mall and Trump Towers; and across from Echelon and The Plaza, which are currently under development. Encore is being constructed on 20 acres of land adjacent to Wynn Las Vegas. We also have an approximately 142-acre parcel of land behind Wynn Las Vegas, which is currently used as a golf course.

Market and Competition

Many properties on the Las Vegas Strip have opened over the past ten years, including the Bellagio, Mandalay Bay Resort & Casino, Paris Las Vegas, Planet Hollywood Resort & Casino (formerly known as the Aladdin), The Venetian and The Palazzo. In addition, a number of existing properties on the Las Vegas Strip embarked on expansions during this period, including Bellagio, Luxor Hotel and Casino, Mandalay Bay Resort & Casino and Caesars Palace. As a result, the casino/hotel industry in Las Vegas is highly competitive. Wynn Las Vegas is located on the Las Vegas Strip and competes with these and other high-quality resorts and hotel casinos, those in downtown Las Vegas, as well as a large number of hotels in and near Las Vegas.

Many competing properties, such as the Bellagio, Caesars Palace, Luxor Hotel and Casino, Mandalay Bay Resort & Casino, The Mirage, New York-New York Hotel and Casino, Paris Las Vegas, Treasure Island at The Mirage, The Venetian, The Palazzo and others, have themes and attractions which draw a significant number of visitors and directly compete with our operations. We seek to differentiate Wynn Las Vegas from other major Las Vegas resorts by concentrating on our fundamental elements of design, atmosphere, personal service and luxury.

Wynn Las Vegas also competes, to some extent, with other hotel/casino facilities in Nevada and Atlantic City, riverboat gaming facilities in other states, casino facilities on Native American lands and elsewhere in the world, state lotteries, and other forms of gaming. The continued proliferation of Native American gaming in California could have a negative impact on our operations. In particular, the legalization of casino gaming in or near metropolitan areas from which we attract customers could have a negative effect on our business. In addition, new or renovated casinos in Macau or elsewhere in Asia could draw Asian gaming customers, including high-rollers, away from Las Vegas.

Macau’s gaming market is primarily dependent on tourists, less than one-half of visitors traveling to Macau stayed overnight in hotels and guestrooms and, for those who stayed overnight in hotels and guestrooms, the average length of stay was only one to two nights. We expect the average length of stay to increase as a result of new, upscale hotel resort accommodations in Macau, including Wynn Macau.

Gaming customers traveling to Macau typically come from nearby destinations in Asia including Hong Kong, mainland China, Taiwan, South Korea and Japan. According to the Macau Statistics and Census Service Monthly Bulletin of Statistics, approximately 91% of the tourists who visited Macau in 2007 came from mainland China, Hong Kong and Taiwan. Macau completed construction of an international airport in 1995, which accommodates large commercial aircraft and provides direct air service to major cities in Asia, including Beijing, Shanghai, Taipei, Manila, Singapore and Bangkok.



   Company Address: 3131 Las Vegas Boulevard South Las Vegas 89109 NV
   Company Phone Number: 770-7555   Stock Exchange / Ticker: NASDAQ WYNN
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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LVS   -4.42%    
MAR   -0.87%    
MGM        3.08% 
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Stock Transactions

Wynn Resorts Triumphs in a Successful Tender Offer, Boosting Confidence and Shareholder Returns

Published Sat, Mar 9 2024 1:39 AM UTC



LAS VEGAS - Wynn Resorts, Limited, a leading international developer and operator of luxury integrated resorts, has recently unveiled the final outcome of its highly anticipated tender offer. The offer, initiated by its subsidiary Wynn Las Vegas, LLC, aimed to acquire a significant portion of Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.'s outstanding 5.500%...

Wynn Resorts Limited

Wynn Resorts Limited Reports Impressive Earnings Boosted by $499.41 Million Income Tax Refund

Wynn Resorts Limited (NASDAQ: WYNN) has just delivered some truly remarkable results in its most recent fiscal period, showcasing impressive growth in revenue and income per share. With a revenue surge of 83.142% to $1.84 billion and a staggering 2147.42% increase in income per share to $6.49, Wynn Resorts has outperformed many of its peers in the Hotels & Tourism industry.
The fourth quarter of 2023 saw Wynn Resorts achieve remarkable growth, with earnings reaching $773.777 million compared to a net loss of $-33.545 million in the same period the year before. This substantial increase in earnings was largely driven by a $499.41 million income tax refund. However, it's important to note that even when excluding this refund, Wynn Resorts still demonstrated strong financial performance.

Stock Transactions

Wynn Resorts Rethinks Debt Strategy with Senior Notes Purchase Offer

Published Thu, Feb 8 2024 10:01 PM UTC

Wynn Resorts Announces Cash Tender Offer to Purchase Senior Notes
LAS VEGAS - In a move to strategically manage its debt obligations, Wynn Resorts, Limited (NASDAQ:WYNN) has announced that its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, has commenced a cash tender offer to purchase a portion of its 5.500% Senior Notes due 2025. The Tender Offer, which will amo...

Wynn Resorts Limited

Wynn Resorts Limited witnesses a remarkable surge of 87.917% in revenue during Q3 of 2022 earnings season, showcasing exceptional growth achievements



Wynn Resorts Limited recently released its financial results for the third quarter of 2023. While the company experienced a loss per share compared to the previous year, there were significant improvements in revenue. This article aims to outline the key financial facts and provide an interpretation of the results.
Financials Overview:
For the financial period ending September 30, 2023, Wynn Resorts recorded a loss of $-1.03 per share, showing slight improvement from the loss of $-1.27 per share in the same period a year earlier. Additionally, the earnings per share (EPS) dropped from $0.84 in the previous quarter.

Wynn Resorts Limited

Wynn Resorts Limited Achieves Astounding Fiscal Turnaround, Doubling Revenue in Recent Period

Wynn Resorts Limited Achieves Strong Financial Performance and Promising Market Presence
Wynn Resorts Limited, a leading casino and resort company, has shown significant progress in its financial performance, as reflected in its most recent earnings results for the period closing June 30, 2023. The company has demonstrated a remarkable turnaround, reporting a substantial increase in earnings per share (EPS) and net profit per share.
Compared to the previous year, Wynn Resorts' earnings per share increased from a negative $1.14 to a positive $0.84. This achievement clearly reflects the company's efforts to improve its financial health and profitability. Furthermore, the net profit per share turned positive, recording $0.02 per share, compared to a negative value in the preceding quarter.






 

Wynn Resorts Limited's Segments
 
Casino
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Rooms
 Segment     of total Revenue
Food & beverage
 Segment     of total Revenue
Entertainment retail & other
 Segment     of total Revenue
Less promotional allowances
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Wynn Las Vegas
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Wynn Macau
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• View Complete Report

Wynn Resorts Limited's Operating Statistics Decrease / Increase
       
Las Vegas REVPAR $   Las Vegas REVPAR $ Decline   
Macau REVPAR $   Macau REVPAR $ Decline   
Las Vegas Average Daily Rate $   Las Vegas Average Daily Rate $ Decline   
Macau Average Daily Rate $   Macau Average Daily Rate $ Decline   
Las Vegas Occupancy %   Las Vegas Occupancy % Decline   
Macau Occupancy %   Macau Occupancy % Decline   
Las Vegas Table games win per unit per day $   Las Vegas Table games win per unit per day $ Decline   
Macau Table games win per unit per day $   Macau Table games win per unit per day $ Decline   
Las Vegas Table Win %   Las Vegas Table Win % Decline   
Las Vegas Avg. Number of Table Games   Las Vegas Avg. Number of Table Games Decline   
Macau Avg. Number of Table Games    Macau Avg. Number of Table Games Growth   
Las Vegas Slot machine win per unit per day $   Las Vegas Slot machine win per unit per day $ Decline   
Macau Slot machine win per unit per day $   Macau Slot machine win per unit per day $ Decline   
Las Vegas Avg. Number of Slot Machines   Las Vegas Avg. Number of Slot Machines Decline   
Macau Avg. Number of Slot Machines    Macau Avg. Number of Slot Machines Growth   




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