Wynn Resorts(WYNN)
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Wynn Resorts(WYNN) - 2021 Q2 - Earnings Call Transcript
2021-08-05 01:20
Wynn Resorts, Limited. (NASDAQ:WYNN) Q2 2021 Results Earnings Conference Call August 4, 2021 4:15 PM ET Company Participants Craig Billings - President and Chief Financial Officer Matt Maddox - Director and Chief Executive Officer Marilyn Spiegel - President, Wynn Las Vegas, LLC Ian Coughlan - President, Wynn Macau, Limited Linda Chen - President, Wynn International Marketing, Ltd Ciaran Carruthers - Chief Operating Officer, Wynn Macau Frederic Luvisutto - Chief Operating Officer, Wynn Palace Jenny Holaday ...
Wynn Resorts, Limited (WYNN) Investor Presentation - Slideshow
2021-05-11 17:56
771 Investor Presentation May 2021 min INTERACTIVE (W) BET BetBull LEGAL DISCLAIMER Important Information about the Proposed Business Combination and Where to Find It In connection with the proposed business combination, a registration statement on Form S-4 (the "Form S-4") is expected to be filed by Austerlitz Acquisition Corporation I, a Cayman Islands exempted company ("AAC") with the U.S. Securities and Exchange Commission ("SEC") that will include preliminary and definitive proxy statements to be distr ...
Wynn Resorts(WYNN) - 2021 Q1 - Earnings Call Transcript
2021-05-11 01:28
Financial Data and Key Metrics Changes - Wynn Resorts reported an EBITDA of $43.9 million in Macau for Q1 2021, with operating revenue of $417 million, reflecting a strong recovery trend [9][16] - The company achieved $28.1 million in adjusted property EBITDA from Wynn Las Vegas on $178.7 million of operating revenue, indicating a significant rebound in performance [12][17] - Encore Boston Harbor generated record EBITDA of $30.4 million despite COVID restrictions, showcasing strong operational efficiency [14][18] Business Line Data and Key Metrics Changes - In Macau, gross gaming revenue per day was approximately 34% of Q4 2019 levels, with premium mass segment showing particular strength [16] - Las Vegas saw a 50% increase in REVPAR in April compared to Q1 results, with slot revenues reaching a record $25 million [12][17] - Encore Boston Harbor's daily EBITDA increased by over 30% compared to Q1, indicating robust growth [15][18] Market Data and Key Metrics Changes - Macau's hotel occupancy during Golden Week was 93%, with retail revenues up 80% compared to 2019 [10] - Las Vegas experienced a strong recovery with weekends in the 90% occupancy range, while weekdays lagged behind due to the lack of group business [13][37] - The company reported nearly $4 billion in global cash and revolver availability as of April 30, indicating a strong liquidity position [19] Company Strategy and Development Direction - The merger of Wynn Interactive with Austerlitz Acquisition Corp aims to capitalize on the online sports betting and iGaming market, projected to be a $40 billion opportunity over the next five years [5][6] - The company is focusing on converting VIP space into premium mass segments in Macau to enhance market share [10][40] - Wynn Resorts plans to proceed with a $175 million room remodel in Las Vegas to prepare for a strong 2022 [20][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery trajectory in Macau, citing new customer acquisition and strong performance during Golden Week [24][25] - The outlook for Las Vegas remains positive, with expectations of continued strength in group business and consumer demand [13][36] - Management anticipates that the VIP segment may recover to around 50% of pre-COVID levels, focusing on premium mass and mass segments for growth [54][55] Other Important Information - The company completed a public offering of 7.5 million shares, raising $842 million, which will support ongoing operations and capital expenditures [20] - Wynn Interactive is aggressively scaling its operations, aiming for over $100 million in run rate gross gaming revenue based on March results [19] Q&A Session Summary Question: Confidence in Macau's follow-through post-Golden Week - Management noted that while the government remains cautious, new premium mass customers are emerging, and they are optimistic about continued strength in the market [24][25] Question: Length of stay trends in Macau - Length of stay remains consistent at two to three nights, but the quality of customers has improved significantly [32] Question: Las Vegas room remodel timing - The remodel is necessary as rooms have not been updated since 2010, and the company aims to be competitive going into 2022 [27][28] Question: Impact of iGaming and online sports betting - Wynn Resorts is integrating Wynn rewards into its products and is prepared for potential legalization of sports betting in Massachusetts [44][45] Question: Future of VIP business in Macau - Management predicts VIP levels may stabilize at around 50% of pre-COVID levels, focusing on premium mass growth [54][55]
Wynn Resorts(WYNN) - 2020 Q4 - Annual Report
2021-02-26 22:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission File No. 000-50028 WYNN RESORTS, LIMITED (Exact name of registrant as specified in its charter) Nevada 46-0484987 (State or other jurisdiction of i ...
Wynn Resorts(WYNN) - 2020 Q4 - Earnings Call Transcript
2021-02-05 01:09
Wynn Resorts, Limited (NASDAQ:WYNN) Q4 2020 Earnings Conference Call February 4, 2021 4:30 PM ET Company Participants Craig Billings – President and Chief Financial Officer Matt Maddox – Director and Chief Executive Officer Ian Coughlan – President-Wynn Macau, Limited Marilyn Spiegel – President-Wynn Las Vegas, LLC Conference Call Participants Carlo Santarelli – Deutsche Bank Joe Greff – JPMorgan Shaun Kelly – Bank of America Thomas Allen – Morgan Stanley Stephen Grambling – Goldman Sachs David Katz – Jeffe ...
Wynn Resorts(WYNN) - 2020 Q3 - Quarterly Report
2020-11-07 00:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------ ...
Wynn Resorts(WYNN) - 2020 Q3 - Earnings Call Transcript
2020-11-06 03:16
Wynn Resorts, Limited (NASDAQ:WYNN) Q3 2020 Earnings Conference Call November 5, 2020 4:30 PM ET Company Participants Craig Billings – President and Chief Financial Officer Matt Maddox – Chief Executive Officer Ian Coughlan – President-Wynn Macau, Limited Brian Gullbrants – President-Wynn MA, LLC Marilyn Spiegel – President-Wynn Las Vegas, LLC Conference Call Participants Carlo Santarelli – Deutsche Bank Joe Greff – JPMorgan Felicia Hendrix – Barclays Shaun Kelley – Bank of America Thomas Allen – Morgan Sta ...
Wynn Resorts(WYNN) - 2020 Q2 - Quarterly Report
2020-08-06 20:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------|----------------|--------------------------------| | | ...