The House Edge is widely recognized as the only marketplace service on the casino/gaming/online sports betting sectors, researched, written and available to SA readers by Howard Jay Klein, a 30 year c-suite veteran of the gaming industry. His inside out information and on the ground know how benefits from this unique perspective and his network of friends, former associates and colleagues in the industry contribute to a viewpoint that has consistently produced superior returns. The House Edge consistently o ...

MACAU, MACAU - JULY 18: The Eiffel Tower attraction, a half-size replica of the Eiffel Tower in ... [+] Paris, stands illuminated at the Parisian Macao casino resort, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., in Macau, Macau, on July 18, 2018. According to the date from Statistics and Census Bureau (DSEC), the Tourist Price Index, which reflects the price change of goods and services purchased by visitors, went up 2.78 per cent year-on-year to 129.86 in the second quarter of 2018. (Phot ...

Wynn Resorts (WYNN) shares ended the last trading session 8.2% higher at $91.03. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.7% gain over the past four weeks.Shares of Wynn Resorts appreciated after a report revealed that the number of high-stakes gamblers in China is on the rise, with many placing increasingly larger bets. The stock also benefited from China's recent announcement of its largest stimulus mea ...

Duncan Nicholls and Simon Webb It's been about 10 months since I suggested to people that it would be a good idea to avoid Wynn Resorts, Limited (NASDAQ:WYNN), and in that time, the shares have lost about 15% against a gain of about 27.4% for the S&P 500. The argument I made at the time was that 10 Year Treasury Notes were more compelling than the stock, so I should also point out that the yield on the 10-Year Note has fallen about 90 basis points from then to now, and is now sitting at about 3.733%. This t ...

A month has gone by since the last earnings report for Wynn Resorts (WYNN) . Shares have added about 2.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Wynn due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Wynn Resorts Q2 Earnings & Revenues Lag, Both Up Y/YWynn ...

Core Points - The proposal for Hudson Yards West represents a $12 billion investment aimed at enhancing New York City's infrastructure and economy, potentially creating 35,000 union construction jobs and 5,000 permanent union careers in the resort sector [1][3][4] - The centerpiece of the development will be Hudson Green, a 5.6-acre public park designed to improve the quality of life in the neighborhood and provide recreational space [1][3] - The project includes the construction of 1,500 new housing units, with 324 designated as affordable apartments, alongside a new public K-8 school [1][3][4] Economic Impact - The development is expected to generate billions in revenue for the City and State, addressing current economic infrastructure needs [3][4] - The Wynn Neighborhood Improvement Fund will support local community initiatives, including public safety, sanitation, and local artist support [5] Community Benefits - The project has undergone extensive community engagement, resulting in amendments to ensure public access and improved sightlines to existing parks [2][5] - The development aligns with the approved uses in the 2009 zoning and aims to complete the revitalization of Manhattan's West Side [3][4]

A visitor plays with his mobile phone outside Wynn integrated resort during the Labour Day holiday ... [+] in Macau on May 1, 2024. (Photo by Eduardo Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images)AFP via Getty ImagesWynn stock currently trades at $75 per share, roughly 46% below its pre-inflation shock high of $138 seen on March 17, 2021. The stock was impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist ...

Wynn Resorts (WYNN) reported $1.73 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.6%. EPS of $1.12 for the same period compares to $0.91 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.75 billion, representing a surprise of -0.91%. The company delivered an EPS surprise of -8.94%, with the consensus EPS estimate being $1.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Company Performance - Wynn Resorts reported quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.23 per share, but showing an increase from $0.91 per share a year ago, representing an earnings surprise of -8.94% [1] - The company posted revenues of $1.73 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.91%, compared to year-ago revenues of $1.6 billion [1] - Over the last four quarters, Wynn has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Performance - Wynn shares have declined approximately 19.3% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [2] - The current status of estimate revisions for Wynn is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $1.76 billion, and for the current fiscal year, it is $5.62 on revenues of $7.24 billion [4] - The sustainability of the stock's immediate price movement will largely depend on management's commentary during the earnings call [2][3] Industry Context - The Gaming industry, to which Wynn belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, PlayAGS, is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year change of +450%, with revenues projected at $95.5 million, up 6.3% from the previous year [5]

Wynn Resorts, Limited (NASDAQ:WYNN) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Julie Cameron-Doe - Chief Financial Officer Craig Billings - Chief Executive Officer Brian Gullbrants - Chief Operating Officer, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Shaun Kelley - Bank of America Dan Politzer - Wells Fargo Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Brandt Montour - Barclays Chad Beyn ...