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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from 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 incorporat ...

Exhibit 99.1 Wynn Resorts, Limited Reports Second Quarter 2024 Results LAS VEGAS, August 6, 2024 — Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the second quarter ended June 30, 2024. Operating revenues were $1.73 billion for the second quarter of 2024, an increase of $137.1 million from $1.60 billion for the second quarter of 2023. Net income attributable to Wynn Resorts, Limited was $111.9 million for the second quarter of 2024, compared to ne ...

Wynn Resorts, Limited WYNN is set to release earnings results for its third quarter, after the closing bell on Tuesday.Analysts expect the Las Vegas, Nevada-based company to report quarterly earnings at $1.14 per share, up from 91 cents per share in the year-ago period. Wynn Resorts projects to report quarterly revenue of $1.75 billion for the quarter, up from $1.54 billion a year ago, according to data from Benzinga Pro.On July 12, Morgan Stanley analyst Stephen Grambling maintained Wynn Resorts with an Eq ...

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are 4.4% lower at $79.22 at last check, pulling back from yesterday's bounce that followed the casino operators better-than-expected results for the second quarter. On the charts, WYNN's 20-day moving average has steadily guided it lower since it touched an annual high of $110.38 on April 4. The security is now trading at its lowest levels since November 2022, down 13.1% in 2024. Plus, seasonality suggests the shares are going to drop even more.According to data ...

Core Viewpoint - Wynn Resorts Ltd. shares have declined 4.7% year-to-date, trading closer to its 52-week lows, while the S&P 500 index has risen 16.69% YTD, presenting a potential buying opportunity for investors [1] Group 1: Market Conditions - The closure of Tropicana and Mirage in Las Vegas will reduce room capacity by nearly 5%, potentially increasing demand for existing hotels like Wynn [2] - Investor sentiment in Las Vegas remains low due to rising labor costs and macroeconomic uncertainty, but average daily room rates are increasing, indicating room for growth as occupancy has not yet returned to pre-pandemic levels [3] - Macau's gross gaming revenue rose 16.4% YoY to $2.5 billion in May 2024, with a 41.9% YoY increase for the first half of 2024, reaching 74% of its 2019 pre-pandemic level [4] Group 2: Strategic Developments - Wynn Resorts is advancing plans for a hotel-casino in Ras Al Khaimah, UAE, where gambling laws are softening, with projected gross gaming revenue of $1.38 billion and net revenue of $1.8 billion [5] - Analysts have upgraded WYNN shares following a strong Q1 2024 performance, with EPS of $1.59 and revenues of $1.86 billion, leading to a consensus rating of "Moderate Buy" [6] Group 3: Technical Analysis - WYNN stock is forming a bullish shark pattern, with potential upside targets of $99.06 and $110.38, indicating a possible rebound in stock price [7]

The Grand Lisboa and Wynn casino, Macau, China. (Photo by: Bob Henry/UCG/Universal Images Group via ... [+] Getty Images)UCG/Universal Images Group via Getty ImagesWynn stock currently trades at $92 per share, roughly 34% below its pre-inflation shock high of $140 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 inflows into the region. Now the situation in the Macau gamin ...

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are a ways away from their April 4, nearly 52-week high of $110.38. In fact, WYNN is 1.1% lower at 93.84 at last glance, now down 7.9% this quarter and pulling back to its year-to-date breakeven level. What's more, a bout of seasonality is looming that could send Wynn Resorts stock lower still.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Wynn Resorts is the third worst stock on the S&P 500 Index (SPX) to own in June, looking back o ...

Wynn Resorts, Limited (WYNN) will likely benefit from solid Macau performance, non-gaming businesses and development projects. Also, focus on strategic expansion plans bodes well. However, increased operating expenses are a concern.Let us discuss the factors that highlight why investors should retain the stock.Factors Likely to Drive GrowthWynn Resorts has been benefitting from solid Macau performance. Following the elimination of COVID-19 protective measures by Macau authorities in January 2023, visitation ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.W ...

Wynn Resorts, Limited (WYNN) reported impressive first-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Also, the top and the bottom line rose year over year.During the quarter, the company reported strong performance in non-gaming businesses, with 16% year-on-year revenue growth. The upside was primarily driven by a 21% increase in hotel revenues and healthy casino volumes. In Las Vegas, WYNN’s emphasis on superior service, continuous property reinvestment and exclu ...