Who is the founder of Wynn Resorts?
Sep 15, 2021 · Shares of Wynn Resorts (WYNN-0.03%), which has two properties in Macao, were down more than 10% Wednesday morning, and remained …
Is Wynn Resorts tanking in Macao?
Aug 12, 2016 · On Friday, shares of luxury resort and casino operator Wynn Resorts Ltd. (WYNN) are falling, down over 2.5% in morning trading after …
When will Wynn Resorts'new resorts open?
Wynn Resorts (WYNN) stock is lower in late-afternoon trading on Monday as a Daiwa analysts contends that its revenue exposed to the high-stakes gambling segment puts it …
What is Wynn Resorts doing in Ras Al Khaimah?
Jun 10, 2014 · Jun 10, 2014 1:00 PM EDT. Wynn Resorts (WYNN) stock is declining as the Chinese government adds more restrictions on the use …
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Get the latest Wynn Resorts, Limited (WYNN) stock news and headlines to help you in your trading and investing decisions.
Is Wynn Resorts a good stock to buy?
Why are Vegas stocks down?
Is WYNN undervalued?
Why is Wynn Resorts stock up?
Which is the best casino stock?
| Company | Market Cap |
|---|---|
| Wynn Resorts (NASDAQ:WYNN) | $10 billion |
| Penn National Gaming (NASDAQ:PENN) | $7.3 billion |
| DraftKings (NASDAQ:DKNG) | $7.9 billion |
| Caesars Entertainment (NASDAQ:CZR) | $16.5 billion |
Will MGM stock go up?
The 14 analysts offering 12-month price forecasts for MGM Resorts International have a median target of 55.50, with a high estimate of 76.00 and a low estimate of 44.00. The median estimate represents a +32.14% increase from the last price of 42.00.
Is Wynn a buy right now?
Does Wynn stock pay dividends?
WYNN RESORTS (NASDAQ: WYNN) does not pay a dividend.
Who owns the Wynn casino?
How much is Steve Wynn worth?
Wynn Resorts Is a Tale of 2 Cities
Wynn Resorts (WYNN) Q4 Earnings Miss Estimates, Revenues Top
The gambling business is booming in the U.S., with a record $53 billion in revenue for casinos across the country in 2021 and $7.1 billion on the Las Vegas Strip. Macao has been a different story, with major restrictions on travel and social activities still ongoing.
There may still be an upside for the casino powerhouse
Wynn Resorts' (WYNN) fourth-quarter 2021 performance reflects gains from strong spend per customer and significant new customer sign-ups in its direct business.
What was lost
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
A recovery has begun
At the end of 2019, Wynn Resorts was generating $6.6 billion in revenue and $1.53 billion in EBITDA (a proxy for cash flow) on an annual basis. The company has operations in Las Vegas and elsewhere, but most of its cash flow came from Macao, where Wynn operates two casinos.
Reasons to be bullish
Despite everything, Wynn Resorts did begin to show some signs of life late in 2020. Fourth-quarter revenue was down just 58.5% year over year to $686.0 million, including a more modest decline in revenue of 53.2% in Las Vegas and 38.6% in Boston. And management has indicated that U.S. resorts are beginning to make a recovery .
Good odds for Wynn Resorts
One thing I think investors should consider is what Wynn Resorts has added while COVID-19 has been the biggest topic in gambling. In Las Vegas, the company has a new convention space that has never been used, and it should drive incremental revenue from both gambling and non-gambling sources when groups start to pour into the city again.
