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Wynn Resorts, Limited (Nasdaq: WYNN), a prestigious member of the S&P 500 Index, is a global leader in the luxury hospitality and gaming industry. Founded in 2002 by Steve Wynn, the company is renowned for operating some of the world's most luxurious casinos and resorts. Wynn Resorts owns and operates four megaresorts: Wynn Las Vegas, Encore Boston Harbor, Wynn Macau, and Wynn Palace, Cotai. Each property is a testament to the company's commitment to excellence, offering unparalleled experiences in gaming, dining, shopping, and entertainment.
Wynn Las Vegas and Encore in Las Vegas feature two luxurious hotel towers with a combined total of 4,748 rooms, suites, and villas. The resort boasts approximately 194,000 square feet of casino space, 20 signature dining experiences, 14 bars, two award-winning spas, extensive retail space, and state-of-the-art meeting and convention facilities. Additional amenities include showrooms, nightclubs, a beach club, and the Wynn Golf Club with an 18-hole championship course.
Encore Boston Harbor, situated along the Mystic River in Everett, Massachusetts, is a premier resort destination that includes a 210,000 square foot casino, 671 hotel rooms, specialty retail, a luxury spa, and numerous dining and lounge venues. The resort also features a six-acre public park and Harborwalk, making it a unique addition to the region's landscape.
In Macau, Wynn Resorts operates Wynn Macau and Wynn Palace. Wynn Macau comprises two luxury hotel towers with 1,010 rooms and suites, a casino, multiple dining options, meeting spaces, retail outlets, and recreational facilities. Wynn Palace, known for its floral theme, offers 1,706 rooms, suites, and villas, along with extensive gaming space, dining outlets, designer retail, and unique attractions such as the SkyCabs and Performance Lake.
Wynn Resorts is not only a leader in luxury hospitality but also a pioneer in integrated resort development. The company is currently constructing Wynn Al Marjan Island in Ras Al Khaimah, UAE, its first beachfront resort and the first integrated gaming resort in the MENA region. This ambitious project, anticipated to open in early 2027, is being developed in partnership with Marjan and RAK Hospitality Holding. The resort will feature 1,542 rooms and suites, extensive recreational facilities, world-class dining and entertainment options, and a luxurious design that blends the natural beauty of the region with Wynn's signature elegance.
Wynn Resorts also offers a digital sports betting and iGaming platform through Wynn Interactive, expanding its footprint in the growing online gaming market. The company's diversified portfolio and strategic investments highlight its commitment to innovation and growth.
With a strong financial performance, robust development pipeline, and a reputation for excellence, Wynn Resorts continues to set the standard in luxury hospitality and gaming worldwide. The company received significant EBITDA contributions from its operations in Macau and the US, exemplifying its global reach and influence in the industry.
WynnBET has launched a new advertising campaign featuring Ben Affleck, Shaquille O'Neal, and Melvin Gregg. Directed by Affleck, the campaign showcases the excitement of WynnBET's sportsbook experience at Wynn Las Vegas. The ads will be broadcast on TV and integrated into the WynnBET app and social media. Affleck, a Boston sports fan, also serves as a strategic consultant for WynnBET. The campaign coincides with WynnBET's expansion into new states and the integration of the Wynn Rewards program into its platforms, enhancing its competitive edge.
WynnBET has integrated its comprehensive Wynn Rewards program into its online sports betting and iGaming platforms as of August 19, 2021. This program allows players to earn rewards through mobile and desktop play, as well as on-property experiences at Wynn Resorts. Early adopters will automatically receive tier upgrades ahead of the NFL season. The program features three tiers: Red, Platinum, and Black, with FREE CREDIT and COMP DOLLARS available for redemption. Wynn Rewards will launch in several states by the end of August 2021.
WynnBET has appointed Shaquille O'Neal as its new brand ambassador, enhancing the app's visibility in the competitive mobile sports betting market. As part of this long-term partnership, O'Neal will contribute as a strategic consultant and participate in advertising across various platforms. He will also engage with fans through events and original content. O'Neal's involvement includes launching 'ShaqPot', a Free To Play game in the WynnBET app. To comply with NBA regulations, he will sell his ownership stake in the Sacramento Kings.
Wynn Resorts reported Q2 2021 financials, showcasing operating revenues of $990.1 million, a substantial increase of $904.4 million from Q2 2020. Despite this growth, the net loss narrowed to $131.4 million, or $1.15 per diluted share, compared to $637.6 million in the prior year. Key metrics included an Adjusted Property EBITDA of $206.9 million, significantly improved from $(322.9) million a year ago. The company noted a strong recovery in demand, particularly in Las Vegas and highlighted the ongoing expansion of WynnBET into six states.
Wynn Resorts, Limited (NASDAQ: WYNN) will announce its financial results for the second quarter ending June 30, 2021, on August 4, 2021, post-market close. The results will be discussed in a live conference call at 1:15 p.m. PT (4:15 p.m. ET). Interested parties can listen at www.wynnresorts.com and call in at (888) 455-5965, with international access at (773) 799-3869. A replay of the conference will be available until September 4, 2021, using the same access codes. For further information, visit the company’s website.
On July 28, 2021, WynnBET and CUMULUS MEDIA launched a multi-year partnership, enhancing WynnBET's marketing reach through CUMULUS's platform, which engages over 250 million monthly listeners. This collaboration positions WynnBET as a major advertising partner for CUMULUS MEDIA, facilitating targeted messaging across radio stations and digital platforms. WynnBET will benefit from national exposure and endorsements, contributing to its growth in the rapidly expanding sports betting market. This partnership signals an aggressive strategy to boost user acquisition and brand engagement.
WynnBET and CUMULUS MEDIA have announced a multi-year partnership aimed at enhancing WynnBET's visibility and user engagement. This collaboration enables WynnBET to leverage CUMULUS MEDIA's reach, which engages over 250 million listeners monthly. The partnership includes national advertising on prominent programming and local promotions across CUMULUS radio stations. Additionally, advanced targeting technology will allow customized messaging to diverse markets. This move is positioned to strengthen WynnBET's brand presence in the rapidly growing sports betting sector.
WynnBET announced the hiring of Claudia Bellofatto as an on-air host and ambassador. Bellofatto brings extensive broadcast experience, having hosted a live sports betting show and contributing to network programs. She will host a sports betting program from the Blue Wire Podcasts Studio at Wynn Las Vegas and provide live commentary on social media. To celebrate her arrival, WynnBET is enhancing the odds for the Red Sox game against Toronto to +150. WynnBET offers mobile sports and casino betting and is expanding its presence across various states.
WynnBET, the mobile sports betting app by Wynn Resorts, has announced a multi-year sponsorship with the Detroit Lions, marking its first partnership with an NFL team. As part of the deal, WynnBET will be the official sportsbook and gaming partner, featuring the WynnBET Sports Bar at Ford Field. This venue will offer live betting lines and amenities for fans. WynnBET will gain access to extensive media visibility through the Lions' platforms and will sponsor a Free To Play game with various prizes. WynnBET aims for rapid expansion with pending licenses in several states.
WynnBET has announced a partnership with sports icons Chad 'Ochocinco' Johnson, Tim Howard, and Nick Mangold as brand ambassadors. The trio will promote the WynnBET app through advertising, live events, and social media interactions. Johnson, a notable influencer, and former NFL player, Howard, a prominent soccer analyst, and Mangold, a Pro Bowl offensive lineman, will enhance WynnBET's visibility. The app is currently available in several states and is planning to expand further in 2021, adding unique features and user-friendly experiences.
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