Core Viewpoint - Wynn Resorts, Limited is initiated with a Strong Buy rating and a price target of $187, focusing on its luxury integrated resorts in Macau, Las Vegas, and Boston, which provide industry-leading gaming, hospitality, and entertainment [1] Company Overview - Wynn Resorts, Limited engages in the design, development, and operation of luxury integrated resorts [1] - The company operates in key markets including Macau, Las Vegas, and Boston [1] Research Methodology - Moretus Research employs a structured, repeatable framework to identify companies with durable business models and mispriced cash flow potential [1] - The research combines rigorous fundamental analysis with a judgment-driven process, focusing on comparability, simplicity, and relevance [1] - The coverage tends to favor underappreciated companies undergoing structural change or temporary dislocation, aiming for asymmetric returns [1] Investment Philosophy - Moretus Research emphasizes a deep respect for capital, discipline, and long-term compounding [1] - The goal is to raise the standard for independent investment research by providing professional-grade insights and actionable valuation [1]

Epicurean Celebration of Food, Drink, and Culinary Icons Returns for a Second Year in September Hi-res images HEREVideo sizzle reel HERELAS VEGAS, June 18, 2025 /PRNewswire/ -- The highly anticipated Revelry returns to Wynn Las Vegas (Nasdaq: WYNN), Sept. 19-27. The culinary festival will bring together some of the top names in food and beverage for an extraordinary week of curated tastings, collaborative dinners and immersive experiences. Some of the most esteemed chefs will gather at Revelry at Wynn L ...

Core Viewpoint - Wynn Resorts, Limited (WYNN) has shown strong stock performance, gaining 5.7% in the past month, outperforming key industry rivals and the broader market [1][2][6] Performance Comparison - WYNN's stock has outperformed major competitors such as PENN Entertainment, Sportradar Group, and Caesars Entertainment, which saw declines of 3.1%, 0.5%, and 4.9% respectively [2][6] Technical Indicators - WYNN is trading above its 50-day moving average of $83.49 and its 200-day moving average of $86.41, indicating positive market sentiment and confidence in the company's financial health [8] Growth Drivers - The company benefits from stable mass gaming trends in Macau and strong non-gaming performance in Las Vegas, reporting a 4% year-over-year increase in total casino revenues in Q1 2025 [9] - The opening of the Gourmet Pavilion food hall at Wynn Palace has increased daily restaurant covers by approximately 2,400, indicating higher visitor traffic [10] - Continued progress on the Wynn Al Marjan Island project in the UAE is expected to support growth, with construction reaching the 47th floor [11] Capital Allocation and Shareholder Value - Wynn Resorts repurchased 2.36 million shares for about $200 million in Q1, reflecting a commitment to returning value to shareholders [12] Valuation - The company is currently trading at a discount compared to industry peers on a forward 12-month price-to-earnings (P/E) ratio basis, making it an attractive option for investors [15] Challenges - Tariff-driven cost pressures are affecting operations, particularly in the U.S. food and beverage segment, with ongoing projects experiencing delays due to higher tariff rates [16][17] - Wall Street analysts have revised earnings expectations downward, reflecting a 22.1% year-over-year decline for 2025 [19]

Casino stock Wynn Resorts Inc (NASDAQ:WYNN) is trading 1.9% lower at $88.83 at last check, starting off June on a sour note. The shares are eyeing their fourth-straight loss, extending a pullback from their May 15 five-month highs, and testing support at the $90 level today. Plus, if past is precedent, WYNN could be due for even more losses. Schaeffer's Senior Quantitative Analyst Rocky White compiled a list of the 25 worst S&P 500 Index (SPX) stocks to own in June, going back a decade, and Wynn Resorts sto ...

Core Viewpoint - Wynn Resorts has decided to withdraw its bid for a casino license in New York, citing better uses for its capital and acknowledging persistent opposition in the rezoning process [1] Group 1: Company Actions - Wynn Resorts has surrendered to the inevitability of "years of persistent opposition" in the New York casino licensing process [1] - The company plans to redirect its capital towards stock buybacks and ongoing developments, including a casino resort in the UAE [6] - Las Vegas Sands has also abandoned its pursuit of a New York gaming license, citing competition from potential iGaming legalization [2] Group 2: Industry Context - The casino licensing process in New York is perceived as highly politicized and expensive, with delays affecting potential operators [4] - MGM Resorts and Resorts World are seen as frontrunners for two of the three licenses due to their existing gaming operations [4] - Other companies, such as Hard Rock International and Caesars, are actively pursuing casino developments in New York [5]

3月底，Prada在上海荣宅开了第一家独立餐厅"迷上"， 餐厅构思来自于香港著名导演王家卫，布置风格因而颇有《花样年华》的影子，尤其是沙发卡座 的部分，流连其中，几乎能幻视张曼玉与梁朝伟对坐无言的场景。 餐厅主厨Lorenzo Lunghi来自意大利，提供的午餐和晚餐菜单上也是中意交融，比如意大利馄饨里包的是中国口味的饺子馅，白菜配上cacio e pepe 酱 汁、来自中国蘑菇的配Salsa酱等等。 "（这是）意大利与中国、 上海与米兰的'对倒'——你中有我，我中有你。" 王家卫曾这样描述"迷上"的创意来源 。在他的电影里，影像在镜面里的"对 调"也经常作为经典的镜头语言被观者津津乐道。 餐厅的开放时间是早10到晚10，供应咖啡、午餐、下午茶和晚餐，均需要在微信小程序"迷上荣宅"预定，以及支付300元订金，用餐时间被严格规定在 90和120分钟。 也卷起来了。 作者 | 贺哲馨 编辑 | 乔芊 这当然不是奢侈品牌在中国首次跨界餐饮。早在疫情前，Gucci、Chanel、Tiffany等已在中国试水咖啡店，北上深港是首选热门地。只是这些咖啡店多 数为快闪，或者仅仅是作为顾客体验的一部分镶嵌在品牌零售店里，往往 ...

Group 1 - Investors in Wynn Resorts, Limited (WYNN) should monitor stock movements due to high implied volatility in the options market, particularly the June 20, 2025 $47.5 Call option [1] - Implied volatility indicates market expectations for significant price movement, suggesting potential upcoming events that could lead to a rally or sell-off [2] - Wynn Resorts currently holds a Zacks Rank 3 (Hold) in the Gaming industry, which is in the bottom 44% of the Zacks Industry Rank, with recent earnings estimates showing a decrease from $1.33 to $1.24 per share [3] Group 2 - The high implied volatility for Wynn Resorts may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]

Group 1 - Wynn Resorts, Limited reported weaker-than-expected Q1 earnings primarily due to underperformance in Macau operations [1] - The company's U.S. operations also experienced declining earnings during the same quarter [1] - The report was released on May 6th after market close [1] Group 2 - The investment philosophy highlighted focuses on identifying mispriced securities by understanding the drivers behind a company's financials [1] - A DCF model valuation is emphasized as a key methodology for assessing investment opportunities [1] - This approach allows for a comprehensive evaluation of a stock's prospects, considering various investment styles [1]

Core Viewpoint - Wynn Resorts, Limited reported first-quarter 2025 results with earnings and revenues missing the Zacks Consensus Estimate, showing a year-over-year decline in both metrics [1][3][20]. Financial Performance - Adjusted earnings per share (EPS) for the quarter were $1.07, missing the consensus estimate of $1.22 by 12.3%, down from $1.59 in the prior-year quarter [3]. - Quarterly operating revenues totaled $1.7 billion, missing the consensus mark of $1.73 billion by 1.5%, and fell 8.7% year-over-year [3]. - Adjusted property EBITDAR was $532.9 million, compared to $646.5 million in the prior-year quarter [15]. Segment Performance - Wynn Palace's operating revenues were $535.9 million, down from $586.9 million in the prior-year quarter, with casino revenues declining 6.2% to $444.5 million [4]. - Wynn Macau's operating revenues amounted to $329.9 million, down from $411.7 million, with casino revenues decreasing 20.4% to $275.6 million [7]. - Las Vegas operations generated $625.3 million in revenues, slightly down from $636.5 million, with casino revenues increasing 19.1% to $161 million [11]. - Encore Boston Harbor's operating revenues were $209.2 million, compared to $217.8 million in the prior-year quarter, with casino revenues falling 4.1% to $159.4 million [13]. Operational Metrics - Revenue per available room (RevPAR) declined 34.5% year-over-year to $218, with an occupancy rate of 98.3% [6]. - In the VIP segment, table games turnover was $4 billion, up 2.1% year-over-year, but the win rate decreased to 2.61% from 3.3% [5]. - Table drop in the mass market segment was $1.7 billion, down from $1.78 billion in the prior-year quarter [5]. Cash Position - As of March 31, 2025, cash and cash equivalents totaled $2.07 billion, down from $2.43 billion in the previous quarter, with total outstanding debt at $10.55 billion [17].

Wynn Resorts 1Q25 Earnings Presentation May 2025 1 The World's Only Global Luxury Integrated Resort Developer and Operator Preeminent global designer, developer, and operator of integrated resorts, and the only gaming company which is vertically integrated across all three disciplines Forward-Looking Statements This presentation contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties t ...