Welcome to our dedicated page for Wynn Resorts news (Ticker: WYNN), a resource for investors and traders seeking the latest updates and insights on Wynn Resorts stock.
Wynn Resorts, Limited (NASDAQ: WYNN) maintains its position as a global leader in luxury integrated resorts through continuous innovation in hospitality and gaming experiences. This dedicated news hub provides investors and industry professionals with essential updates about the company's operations across key markets including Las Vegas, Macau, and emerging developments worldwide.
Access real-time information on earnings announcements, property expansions, and strategic partnerships that shape Wynn's premium guest offerings. Our curated collection features official press releases about new resort openings, sustainability initiatives, and design innovations from their renowned in-house team.
Discover updates spanning multiple operational areas: gaming license developments, high-end entertainment partnerships, culinary program enhancements, and corporate governance changes. Each update is verified for accuracy to support informed decision-making in the dynamic luxury hospitality sector.
Bookmark this page for streamlined access to Wynn Resorts' latest financial disclosures, leadership updates, and market expansion plans. Stay informed about regulatory developments and operational milestones impacting one of the casino industry's most respected brands.
Wynn Resorts (Nasdaq: WYNN) has achieved 24 Five-Star recognitions in the 2022 Forbes Travel Guide Awards, the highest of any independent hotel company worldwide. Notably, Encore Boston Harbor received its inaugural Five-Star rating for both hotel and spa, marking a significant milestone. Wynn Macau retains its title with eight individual Five-Star awards, a record for six consecutive years. Wynn Palace and Wynn Las Vegas continue to shine with multiple Five-Star accolades. This recognition underscores Wynn's commitment to luxury and exceptional guest experiences.
Wynn Las Vegas will host the exclusive Capital One's The Match event on June 1, 2022, featuring NFL stars Tom Brady, Aaron Rodgers, Patrick Mahomes, and Josh Allen. TNT will provide live coverage starting at 6:30 p.m. ET. This marks the second time Wynn Las Vegas serves as the venue for this 12-hole golf challenge. With a combined total of 30 Pro Bowl selections and 9 Super Bowl titles, these athletes are set to deliver an exciting competition.
Wynn Resorts has been awarded the Travel + Leisure Global Vision Award 2022, recognizing its commitment to sustainable travel initiatives. A panel of experts in travel and hospitality evaluated the nominees based on their environmental impact and responsible practices. Wynn Resorts' sustainability program, Goldleaf, aims for Net-Zero emissions by 2050, peak carbon emissions by 2030, and 50% renewable energy procurement by 2030. The company has demonstrated leadership through significant charitable contributions and policies promoting diversity and inclusion.
Realty Income has announced a $1.7 billion acquisition of the Encore Boston Harbor Resort and Casino from Wynn Resorts, marking its first foray into the gaming sector. The transaction involves a long-term net lease with a 5.9% initial cap rate, a 30-year lease term, and rental growth of 1.75% annually for the first decade. The Boston gaming market generates $2.6 billion in annual revenues, with the Encore projected to grow as it captures premium customers. Realty Income expects the deal to enhance earnings and strategic partnerships.
Wynn Resorts, Limited (NASDAQ: WYNN) reported significant financial results for Q4 2021, with operating revenues of $1.05 billion, a 53.5% increase from Q4 2020. The net loss narrowed to $177.2 million, or $1.54 per diluted share, compared to a larger loss of $269.5 million in Q4 2020. Adjusted Property EBITDA reached $149.1 million, up from $69.8 million a year earlier. For the full year, revenues rose 79.6% to $3.76 billion, while the net loss decreased to $755.8 million. The company announced plans for a luxury resort in the UAE, aiming to diversify its operations further.
Wynn Resorts (NASDAQ: WYNN) has entered a $1.70 billion agreement to sell Encore Boston Harbor's real estate to Realty Income (NYSE: O), achieving a 5.9% cap rate. The company will lease the property back at $100 million annually for 30 years, with a 1.75% rent escalation for the first decade. Wynn retains a 13-acre land parcel for future expansion in Everett, MA, with an option to sell additional assets to Realty Income for $20 million in rent. This transaction is expected to close in Q4 2022, pending regulatory approvals.
Jackpocket, a leading app for ordering official state lottery tickets, has partnered with WynnBET to offer exclusive promotions to New York State players. Starting with the "Big Game Big Deal" promotion, new WynnBET customers using the Jackpocket app can earn $200 in free bets after placing their first $10 bet. Jackpocket aims to enhance player engagement and awareness of WynnBET's services as it expands into sports betting. The app has facilitated over $100 million in lottery winnings since its launch in New York in January 2020.
WynnBET has launched its online sports betting platform in Louisiana, marking the ninth state where it is operational. Players can download the app and take advantage of offers like Bet $10, Win $200 after making a deposit. Existing Wynn Rewards members can also link their accounts for additional benefits. The platform is now available in several states, including New York, where it launched recently on February 4, 2022. WynnBET aims for further expansion with pending license applications.
Wynn Resorts (NASDAQ: WYNN) will release its fourth quarter financial results for the period ending December 31, 2021, on February 15, 2022, after market close. A conference call to discuss the results will take place at 1:30 p.m. PT (4:30 p.m. ET), accessible via wynnresorts.com. A replay of the call will be available until March 14, 2022. Investors can dial in using the provided access codes.
