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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 announces upsizing of tender offer for senior notes
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Wynn Resorts (NASDAQ: WYNN) has decided to close its online sports betting and iGaming platform, WynnBET, in certain jurisdictions. The company believes that there are better uses of capital deployment for its shareholders. WynnBET will cease operations in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia. Operations in Nevada and Massachusetts will continue unaffected, while operations in New York and Michigan are under review.
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Wynn Resorts, Limited (NASDAQ: WYNN) reported Q2 2023 financial results with operating revenues of $1.60 billion, a $687.0 million increase YoY. Net income was $105.2 million, compared to a net loss of $130.1 million in Q2 2022. Diluted net income per share was $0.84, compared to a diluted net loss per share of $1.14 in Q2 2022. Adjusted Property EBITDAR was $524.5 million, a $345.3 million increase YoY.
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Wynn Resorts, Limited (NASDAQ: WYNN) appointed Paul Liu as an Independent Director and Class I member of the Board, effective August 3, 2023. Mr. Liu brings significant professional experience in entertainment, hospitality, and financial services in China and the Asia Pacific region. His perspective on creating guest experiences and understanding business talent will contribute to the Wynn Board of Directors.
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Wynn Resorts (WYNN) announces the launch of the new WynnBET app, featuring improved user experience and interface. The multi-state platform replaces existing state-specific apps, offering faster deposits and withdrawals, a traveling wallet, more sports markets, and casino games. Existing players in six states will be prompted to download the new app and login using their existing information.
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Wynn Resorts, Limited (NASDAQ: WYNN) will release its Q2 2023 financial results on August 9, 2023, followed by a conference call. The call will be broadcast live on their website and interested parties can also dial in. A replay will be available until September 9, 2023. Contact information for the call and replay is provided in the press release.
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FAQ

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

The current stock price of Wynn Resorts (WYNN) is $90.46 as of November 18, 2024.

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

The market cap of Wynn Resorts (WYNN) is approximately 9.9B.

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

9.92B
109.82M
15.57%
63.65%
5.82%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS