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Wynn Resorts Ltd - WYNN STOCK NEWS

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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.

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Wynn Resorts, Limited announced the pricing of $400 million aggregate principal amount of 7.125% Senior Notes due 2031 in a private offering. The net proceeds will be used to repurchase existing senior notes and for general corporate purposes. The offering is made pursuant to an exemption under the Securities Act of 1933.
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Wynn Resorts, Limited is offering an additional $400 million aggregate principal amount of 7.125% Senior Notes due 2031 in a private offering. The Notes will be issued as additional notes under a supplemental indenture and will be treated as a single series with the existing notes. The net proceeds from the offering will be used for repurchasing outstanding 5.500% Senior Notes due 2025, paying related fees and expenses, and for general corporate purposes.
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Wynn Resorts, Limited (NASDAQ: WYNN) reported a significant increase in operating revenues and net income for the fourth quarter of 2023 compared to the same period in 2022. Operating revenues were $1.84 billion, up by $835.5 million, and net income attributable to Wynn Resorts, Limited was $729.2 million, compared to $32.4 million in 2022. The increase in net income was mainly due to higher operating revenues from Macau and Las Vegas, as well as an income tax benefit. Diluted net income per share was $6.19, and Adjusted Property EBITDAR reached a new all-time record of $630.4 million. Wynn Resorts is also making progress in the development of Wynn Al Marjan Island in the UAE, which is expected to be a prominent tourism destination.
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Wynn Resorts has been named the highest ranked gaming resort company on FORTUNE Magazine’s World’s Most Admired Companies list for 2024. The company also placed first among all hotel companies in the Quality of Products/Services category for the fifth time. CEO Craig S. Billings expressed gratitude for the recognition and highlighted the efforts of the company's global workforce. Wynn Resorts also ranked in the top two for Innovation and received high marks for Social Responsibility, People Management, Quality of Management, Financial Soundness, Long-Term Investment, and Global Competitiveness. The company's service-driven mentality and prestigious concierge team have earned it the most Forbes Travel Guide Five-Star Awards of any independent hotel company in the world.
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Wynn Resorts, Limited (WYNN) will release its Q4 2023 financial results on February 7, 2024, followed by a conference call. Interested parties can access the call via the company's website or by phone. A replay will be available until March 7, 2024. Contact information and access codes are provided in the press release.
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Wynn Las Vegas announces a lineup of programming for the Big Game weekend, including celebrity-centric events, themed activities, and exclusive pop-up activations. The festivities range from nightlife events to viewing parties, offering an extensive lineup of experiences for sports enthusiasts and guests. The resort will also offer limited room reservations for the weekend.
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Wynn Resorts (NASDAQ: WYNN) reports Q3 2023 financial results, with operating revenues of $1.67 billion, a net loss of $116.7 million, and a $0.25 per share cash dividend declared. Adjusted Property EBITDAR was $530.4 million, reflecting strength across its property portfolio. Macau, Las Vegas, and interactive operations saw revenue increases, while Encore Boston Harbor experienced a slight decrease. Wynn Resorts also repurchased $400.0 million of its 5 1/2% Senior Notes due 2025 and 596,948 shares of its common stock.
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Wynn Resorts, Limited (NASDAQ: WYNN) will release its financial results for Q3 2023 on November 9, 2023. The conference call to discuss the results will take place at 1:30 p.m. PT on the same day. Interested parties can access the call through the company's website or by dialing the provided phone numbers. A replay of the call will be available until December 9, 2023.
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Bond Hospitality Group has announced an exclusive partnership with Wynn Resorts to expand their private membership club, Zero Bond, to Las Vegas and beyond. Zero Bond will become the exclusive private members' club at Wynn Las Vegas, opening in 2025.
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Wynn Las Vegas debuts 'Ultimate Race Week' anchored by the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX. The week offers unique programming including an auction, parties, entertainment, and wine experiences. Wynn Las Vegas is also offering room and ticket packages.
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FAQ

What is the current stock price of Wynn Resorts (WYNN)?

The current stock price of Wynn Resorts (WYNN) is $88.95 as of December 20, 2024.

What is the market cap of Wynn Resorts (WYNN)?

The market cap of Wynn Resorts (WYNN) is approximately 9.7B.

What is Wynn Resorts, Limited?

Wynn Resorts, Limited is a global luxury hospitality and gaming company that operates some of the world's most prestigious casinos and resorts.

Where is Wynn Resorts traded?

Wynn Resorts is traded on the Nasdaq Global Select Market under the ticker symbol WYNN.

What are the main properties owned by Wynn Resorts?

Wynn Resorts owns and operates Wynn Las Vegas, Encore Boston Harbor, Wynn Macau, and Wynn Palace, Cotai.

Who founded Wynn Resorts?

Wynn Resorts was founded in 2002 by Steve Wynn, the former CEO.

What is Wynn Al Marjan Island?

Wynn Al Marjan Island is a new beachfront resort under construction in Ras Al Khaimah, UAE, and is Wynn Resorts' first integrated gaming resort in the MENA region.

Does Wynn Resorts operate any online gaming platforms?

Yes, Wynn Resorts operates Wynn Interactive, a digital sports betting and iGaming platform.

What makes Wynn Resorts unique?

Wynn Resorts is known for its luxury, top-tier service, and more Forbes Travel Guide Five-Star awards than any other independent hotel company in the world.

What percentage of Wynn Resorts' EBITDA came from Macau and the US in 2019?

In 2019, before the pandemic, Wynn Resorts received 76% of its EBITDA from Macau and 24% from the US.

What are some amenities offered at Wynn Las Vegas?

Wynn Las Vegas offers luxury rooms, casino space, dining experiences, bars, spas, retail space, showrooms, nightclubs, a beach club, and an 18-hole championship golf course.

When is Wynn Al Marjan Island expected to open?

Wynn Al Marjan Island is expected to open to the public in early 2027.

Wynn Resorts Ltd

Nasdaq:WYNN

WYNN Rankings

WYNN Stock Data

9.70B
81.85M
25.35%
68.93%
5.81%
Resorts & Casinos
Hotels & Motels
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United States of America
LAS VEGAS