Company Overview - Wynn Resorts (WYNN) is expected to report a year-over-year increase in earnings, with a projected EPS of $1.20, reflecting a +7.1% change, and revenues of $1.74 billion, up 0.5% from the previous year [3][12] - The earnings report is scheduled for August 7, and the actual results will significantly influence the stock price depending on whether they meet or exceed expectations [2][12] Earnings Estimates and Revisions - The consensus EPS estimate has been revised down by 0.43% over the last 30 days, indicating a reassessment by analysts [4] - Wynn's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +7.09%, suggesting a bullish outlook from analysts [12] Historical Performance - In the last reported quarter, Wynn's actual earnings of $1.07 per share fell short of the expected $1.22, resulting in a surprise of -12.30% [13] - Over the past four quarters, Wynn has only beaten consensus EPS estimates once [14] Industry Context - In the Zacks Gaming industry, Light & Wonder (LNW) is also expected to report earnings of $1.44 per share, with a year-over-year change of +1.4% and revenues of $859.95 million, up 5.1% [18] - Light & Wonder's consensus EPS estimate has been revised up by 3.1% in the last 30 days, but it currently has a negative Earnings ESP of -1.39%, making it difficult to predict a beat [19]

Core Concept - Wynn Resorts is launching Enclave, a luxurious integrated resort at Wynn Al Marjan Island, set to open in 2027, featuring exclusive accommodations and high-end amenities designed for discerning international travelers [10][16]. Group 1: Accommodations - Enclave will offer a total of 313 rooms, including six distinct plans, with sizes ranging from 800 square feet for Enclave King Suites to 16,000 square feet for two-story Royal Apartments [2][9]. - The design of the suites reflects a blend of timeless elegance and cultural influences, with in-room amenities tailored to meet the expectations of global clientele [2][3]. Group 2: Amenities and Services - Enclave features a private reserve pool and beach area, designed for various experiences, including family gatherings and secluded retreats, with beach butlers providing on-demand dining service [4]. - A restaurant above the grand lobby will serve exclusive breakfast for Enclave guests and transform into a vibrant Lebanese dining experience for lunch and dinner, led by a renowned restaurateur [5]. - The private Lobby Lounge will offer a luxurious setting for morning coffee, afternoon tea, and evening cocktails, enhancing the overall guest experience [6]. Group 3: Design and Experience - The design ethos of Enclave emphasizes intimacy within grandeur, with a focus on personal recognition and exceptional craftsmanship [7][8]. - The resort's architecture and curated art collection aim to create a unique storytelling experience, blending contemporary and ancient influences [8]. Group 4: Resort Overview - Wynn Al Marjan Island will span over 60 hectares, featuring 1,217 resort rooms, 297 Enclave suites, and various luxury amenities, including a deep-water marina and extensive dining options [9][16]. - The resort is strategically located 50 minutes from Dubai International Airport, enhancing its appeal to a sophisticated global clientele [16].

Group 1 - U.S. equities showed mixed performance, with the S&P 500 and Nasdaq declining from record highs while the Dow Jones Industrial Average increased [1][5] - Tesla (TSLA) shares fell due to a renewed conflict between CEO Elon Musk and President Trump, who suggested an investigation into Tesla's subsidies [1][5] - Sweetgreen (SG) shares dropped following a downgrade and price target cut by TD Cowen, citing weakness in urban locations [2] - AeroVironment (AVAV) shares decreased after announcing a $1.35 billion stock and convertible notes offering to finance its $4.1 billion acquisition of BlueHalo [2] Group 2 - Shares of Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) surged after Macau casinos reported June gambling revenues exceeding expectations [3][5] - Packaging Corporation of America (PKG) shares rose after acquiring Greif's containerboard business for $1.8 billion [3] - Hasbro (HAS) shares increased following an upgrade from Goldman Sachs, which highlighted potential benefits from the "Magic: The Gathering" card game [3] Group 3 - Oil and gold futures experienced an increase, while the yield on the 10-year Treasury note advanced [4] - The U.S. dollar strengthened against the euro and pound but weakened against the yen [4] - Most major cryptocurrencies traded lower [4]

Macau Gaming Revenue Resurgence - Macau's gambling sector is experiencing a post-pandemic recovery, with June gross gaming revenue showing a 19% year-over-year improvement [1] - June gambling revenue reached $26 billion [2] - Gaming revenue jump may be a result of promotional spending [3] - Macau has not yet returned to pre-pandemic levels, making future earnings reports crucial for insight [4] Stock Market Impact - Casino stocks with Macau exposure are rising, including Wind (up 8%), Las Vegas Sands (up 8%), Melco (up 11%), and MGM Resorts (up 6%) [2] - Melco has seen gains of 52% over the last 3 months [3] Diversification Efforts - Macau is attempting to diversify its economy beyond gambling, focusing on shows and events like NBA exhibition games [5][6] - The success of attracting non-gambling spending is yet to be determined [6] Economic Factors - The Chinese macro backdrop remains a key consideration for Macau casinos [4] - There can be a divergence between the Chinese economy and gambling activity in Macau, as it is fueled by serious gamblers [5]

Wynn Interactive Reorganization - Wynn Resorts reorganized its interactive assets and partnered with BetBull Limited, forming Wynn Interactive, a majority-owned (71%) subsidiary[5] - Wynn Resorts invested approximately $80 million in Wynn Interactive to support growth and expansion[6, 9] - The reorganization combines BetBull's international gaming operations, Wynn Sports Interactive's (WSI) U S operations, and Wynn Slots' social casino operations[6] Market Access and Expansion - Wynn Interactive has secured market access in nine states, covering approximately 24% of the total potential addressable U S market[9, 33] - The company is in discussions for market access in five additional states, representing approximately 29% of the total potential addressable U S market[33] - Wynn Interactive is in advanced stages of seeking access in Tennessee and Virginia, representing approximately 5% of the total potential addressable U S market[33] Team and Products - The Wynn Interactive team includes Craig Billings, Sadok Kohen, and Norbert Teufelberger, experienced professionals in the digital gaming industry[9, 16] - Wynn Interactive's products include BetBull, a UK-facing sports betting and iCasino business, and WynnBET, a U S-facing product[18, 26] Financials - The combined 2019 gross revenue of the combined entities was $21 million[12]

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]

Core Insights - The Revelry culinary festival will take place at Wynn Las Vegas from September 19-27, 2025, featuring top chefs and immersive culinary experiences [1][4][5] - The festival includes signature events such as The Feast, collaboration dinners, and exclusive Connoisseur Classes, showcasing diverse culinary styles and global flavors [4][5][8] Event Highlights - The Feast, the festival's marquee event, will occur on September 20, 2025, offering a multi-sensory tasting experience with tickets starting at $395 per person [5][6] - Notable culinary collaboration dinners include The Tastemakers and All-Star Chefs Dinner, with ticket prices ranging from $500 to $795 per person [6][8] - Exclusive Connoisseur Classes will feature topics like BBQ mastery and culinary tours of Mexico, with tickets priced around $195 to $500 [7][11] Participating Chefs and Culinary Teams - Esteemed chefs from Wynn Las Vegas and other locations will participate, including James Beard Award winners and Michelin-starred chefs [4][8] - The festival will also feature guest mixologists and vintners, enhancing the culinary experience with unique beverage pairings [4][5] Sponsorship and Production - Revelry is co-produced by Wynn Las Vegas and Elizabeth Blau, with American Express as the presenting sponsor [9]

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]