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Wynn Resorts Stock Jumps 6% in a Month: Should You Buy or Hold?
ZACKS· 2025-06-04 16:01
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]
Favorite Casino Stock Traders Should Avoid in June
Schaeffers Investment Research· 2025-06-02 18:23
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 ...
Wynn Resorts drops bid for NYC casino license
CNBC· 2025-05-19 18:39
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]
奢侈品开餐厅, 还是玩票吗?
3 6 Ke· 2025-05-16 00:33
Group 1: Luxury Brands Entering the Restaurant Sector - Prada opened its first independent restaurant "迷上" in Shanghai, designed by renowned director Wong Kar-wai, blending Italian and Chinese culinary styles [1] - Other luxury brands like Gucci, Chanel, and Tiffany have previously explored the café sector in China, often as marketing strategies rather than standalone businesses [2] - The opening of "THE HALL" by Louis Vuitton in Chengdu marked a significant step for luxury brands in the full-service dining sector [2] Group 2: Operational Strategies and Market Trends - Many luxury dining projects are operated by third-party companies, indicating a reliance on specialized operators for successful execution [3] - Luxury brands aim to create experiential offerings that enhance customer engagement, with the goal of driving sales in their core product lines [3] - The shift in consumer behavior from shopping to experiential consumption is evident, necessitating adaptations in service models within the luxury sector [5] Group 3: Challenges in the Luxury Market - The luxury retail sector is facing challenges, with a reported 8% decline in retail rental income at Wynn Palace, reflecting a broader downturn in luxury consumption [6] - Despite an increase in tourist numbers and overall spending in Macau, per capita spending has significantly decreased, particularly among mainland Chinese tourists [6] - The luxury market may take several years to recover to pre-2019 levels, indicating a potential long-term shift in consumer preferences [6][7] Group 4: Changing Consumer Preferences - The luxury consumer landscape in China has evolved, with a notable decline in interest in traditional luxury brands like LVMH, as evidenced by a 2% drop in total revenue [7] - The emergence of alternative luxury offerings, such as local brands, suggests a shift in consumer loyalty and preferences away from established European luxury brands [7]
奢侈品开餐厅, 不再玩票
36氪未来消费· 2025-05-15 16:49
Core Viewpoint - The article discusses the trend of luxury brands entering the restaurant and café business in China, highlighting the blend of cultural influences and the strategic marketing behind these ventures [4][5][7]. Group 1: Luxury Brands and Restaurant Ventures - Prada opened its first independent restaurant "迷上" in Shanghai, designed by renowned director Wong Kar-wai, featuring a fusion menu that combines Italian and Chinese flavors [4]. - Other luxury brands like Gucci, Chanel, and Tiffany have previously explored café concepts in China, often as part of marketing strategies rather than standalone businesses [5]. - The success of these ventures is supported by third-party operators, such as 云觅餐饮集团 managing the kitchen for THE HALL restaurant by Louis Vuitton [6]. Group 2: Consumer Experience and Brand Strategy - Luxury brands focus on creating experiences that attract customers, with the aim of converting them into buyers of their primary products [7]. - The shift in consumer behavior from mere shopping to seeking experiences is evident, prompting brands to adapt their service models [8]. Group 3: Challenges in the Luxury Market - The luxury market in Macau is facing challenges, with a reported 8% decline in retail rental income at Wynn Palace, reflecting a downturn in luxury consumption [9]. - Despite an increase in tourist numbers, the average spending per visitor has significantly decreased, indicating a shift in consumer spending habits [10]. - The luxury sector may not return to its previous heights, with experts suggesting it could take several years to recover to 2018 and 2019 levels [10]. Group 4: Changing Consumer Preferences - Chinese consumers are not necessarily spending less; rather, they are shifting their preferences away from traditional luxury brands like LV [11].
Is the Options Market Predicting a Spike in Wynn Resorts (WYNN) Stock?
ZACKS· 2025-05-13 20:40
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]
Wynn Resorts Q1: Macau Didn't Hold
Seeking Alpha· 2025-05-07 13:56
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]
Wynn Resorts Q1 Earnings & Revenues Miss Estimates, Decline Y/Y
ZACKS· 2025-05-07 12:50
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(WYNN) - 2025 Q1 - Earnings Call Presentation
2025-05-07 00:34
Financial Performance & Growth - Wynn Resorts reported a total Adjusted Property EBITDAR of $23 billion for the Last Twelve Months (LTM) ending in 1Q25[28] - The company's Las Vegas operations showed strong performance, with LTM 1Q25 Adjusted Property EBITDAR reaching $924 million, although this was a decrease of 39% compared to $961 million in LTM 1Q24[43] - Macau operations generated $1088 million in Adjusted Property EBITDAR for LTM 1Q25, a decrease of 44% from $1138 million in LTM 1Q24[54] - Encore Boston Harbor's LTM 1Q25 Adjusted Property EBITDAR was $241 million, a decrease of 61% compared to $257 million in LTM 1Q24[48] - Wynn Al Marjan Island is projected to contribute between $265 million (Low Case) and $460 million (High Case) in steady-state EBITDAR, with a base case of $345 million[25] Capital Investments & Returns - Wynn Resorts has returned over $11 billion to shareholders since 2022, including approximately $950 million in share repurchases and $220 million in dividends[28, 75] - The company anticipates spending between $750 million and $800 million on domestic project capital expenditures in 2025, including investments in Wynn Al Marjan Island, Las Vegas, and Boston[69] - Macau concession capex projects are underway, with projected spending between $250 million and $300 million in 2025[68, 71] Strategic Developments - Wynn Al Marjan Island is under construction and is expected to open in 1Q2027[10, 24] - The company completed a $24 billion construction facility for Wynn Al Marjan Island, with an initial debt draw of $250 million during 1Q25[62] - Wynn Resorts is in the process of acquiring Crown London Aspinalls, which is expected to enhance database building efforts for VIP customers[9, 62]
Tariff Talk Returns to Sink Markets; Plus Q1 Earnings
ZACKS· 2025-05-06 23:05
Market Performance - Market indexes experienced a decline, with the Dow dropping 389 points (-0.95%), S&P 500 down 43 points (-0.77%), Nasdaq falling 154 points (-0.87%), and Russell 2000 losing 21 points (-1.05%) [1] Company Earnings Reports - Advanced Micro Devices (AMD) reported earnings of 96 cents per share, beating estimates by 3 cents, with revenues of $7.44 billion surpassing the projected $7.12 billion. Forward revenue guidance was raised to $7.4 billion [3] - Wynn Resorts (WYNN) reported earnings of $1.07 per share, missing the estimate of $1.22, and revenues of $1.7 billion, slightly below the $1.73 billion estimate. The company announced a share buyback program, but faces challenges due to tariff concerns affecting its domestic locations [4] - Rivian Automotive (RIVN) posted a narrower loss of 41 cents per share compared to the expected 80 cents, with revenues of $1.24 billion exceeding the $1.02 billion estimate. The gross profit of $206 million positions the company favorably with Volkswagen, which has invested in Rivian [5] Upcoming Earnings Expectations - The Walt Disney Co. (DIS) is expected to report fiscal Q2 earnings with a projected decline of 2.48% in earnings growth, while top-line growth is anticipated at 4.77%. The Parks division and the film "Thunderbolts" are expected to attract significant interest [6] Federal Reserve Meeting - The Federal Open Market Committee (FOMC) meeting is concluding, with no expected change in interest rates. Fed Chair Jerome Powell will address questions regarding the timeline for potential rate reductions and his position before the end of his term in 2026 [7]