You’d have to look far and wide to find an area of Wall Street not rattled by tariffs. But some sectors are at least insulated, for now, from the coming storm. Back in November, brick-and-mortar casinos saw their commercial gaming revenue fall year-over-year. Someone forgot to tell Boyd Gaming (BYD), with the casino company last week reporting a top-line beat for the fourth-quarter. Plus, sector peer Las Vegas Sands (LVS) gapped higher by 11.1% the week prior after a fourth-quarter revenue beat overshadowed ...

Wynn Resorts, Limited (WYNN) is scheduled to release fourth-quarter 2024 results on Feb. 13, 2024, after the closing bell.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 23.1% and decreased 9.1% year over year. Meanwhile, revenues missed the consensus mark by 2.4%, but increased 1.2% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Wynn Resorts’ earnings topped the consensus mark in two of the trailing four quarters and missed ...

Wynn Resorts (WYNN) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 13, 2025, might help the stock move higher if these key numbers are better tha ...

The Company Receives Highest Ranking for a Casino ResortLAS VEGAS, Feb. 3, 2025 /PRNewswire/ -- Wynn Resorts has once again been recognized on FORTUNE Magazine's World's Most Admired Companies list for 2025, reaffirming its position as the highest-ranked gaming resort company. In addition to being the best ranked casino within the Hotel, Casinos, Resorts category, the Company also scored well in the Quality of Products/Services category."To be recognized on this prestigious list for the seventeenth year in ...

Wynn Resorts, Limited (NASDAQ: WYNN ) announced in January it would acquire Crown London , likely having a minimal effect on earnings but a more meaningful strategic impact for VIP customer acquisition for the UAE project and other locations. TheI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understan ...

Core Viewpoint - Wynn Resorts, Limited (WYNN) is expected to benefit from strong performance in Macau, growth in non-gaming businesses, and ongoing development projects, although rising operating expenses present a concern [1][9]. Group 1: Growth Drivers - Wynn Resorts reported $263 million in EBITDA from Macau in Q3, marking a 3% year-over-year increase, with operating revenues growing by 6% due to a 10% rise in combined mass table and slot win [3]. - October saw a significant increase in mass table drop, with a nearly 30% surge compared to the previous year, and hotel occupancy reached 99% during the Golden Week holiday [3]. - The company is enhancing its food and beverage offerings in Macau, including new venues and a destination food hall set to launch in mid-2025, which are expected to drive future growth [4]. - Las Vegas operations showed sustained demand with normalized revenues up by about 1% year-over-year, and hotel revenues increased by 5% [5]. - The Wynn Al Marjan Island project in the UAE is anticipated to tap into a projected $3 billion to $5 billion gaming market, with construction progressing rapidly [6]. Group 2: Shareholder Value - Wynn Resorts has increased its share repurchase authorization to $1 billion and declared a cash dividend of 25 cents per share, reflecting management's confidence in the company's valuation [7]. - The company reduced gross debt by $1.2 billion year-over-year, resulting in annual interest expense savings of $70 million, which strengthens its balance sheet [7]. Group 3: Concerns - Increased operating expenses are a concern, with casino costs rising to $617.5 million from $577.7 million year-over-year, and general and administrative expenses increasing to $271.8 million from $268.4 million [9]. - In the past year, WYNN shares gained 5%, underperforming the industry average rise of 27.2%, primarily due to a challenging macro environment [8].

Group 1 - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing researched insights and analysis [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on value investing based on management quality [2] - The intelligence network of Howard Jay Klein spans across various levels in the US gambling and entertainment sectors, enhancing the quality of the research provided [2] Group 2 - The House Edge has consistently outperformed standard analyst guidance, delivering superior returns to its readers [1]

Core Insights - Wynn Resorts' stock price increased by 9% following news of billionaire Tilman Fertitta increasing his ownership stake to 9.9% [1][2] - Over the past 20 years, Wynn's stock has seen a 57% increase, significantly lower than Marriott's 950% gain during the same period [2] - Wynn's third-quarter earnings fell short of expectations for revenue and adjusted property EBITDA in both Macao and Las Vegas, indicating a potential softening in performance [4] Company Developments - Tilman Fertitta, CEO of Landry's and owner of the Houston Rockets, is planning a new 43-story casino resort on the Las Vegas Strip [3] - Wynn Resorts has a 40% stake in a new integrated casino-resort being developed in Ras Al Khaimah, UAE, with a projected cost of $5.1 billion [6] - Fertitta's increased stake positions him as the second-largest individual shareholder in Wynn, surpassing cofounder Elaine Wynn [7] Land and Development Concerns - Analysts have raised questions regarding Wynn's plans for 162 acres of land in Las Vegas, which includes a 128-acre golf course and a 38-acre parcel [5] - Jefferies analyst David Katz estimated the land's value at slightly over $2 billion, but noted a lack of evident plans for development or sale [5] - Some investors have expressed concerns that Wynn is diluting its luxury brand and hospitality status while focusing on new gaming markets in the Middle East [5]

Core Viewpoint - Wynn Resorts is experiencing a decline in market share in Macao, the largest gaming market globally, due to increasing competition and disappointing financial results [1] Company Summary - Wynn Resorts' stock has fallen following the announcement of disappointing results in Macao [1] - The company is investing heavily in uncertain resort expansions worldwide, which is contributing to its financial challenges [1] Industry Summary - The gambling market in Macao is becoming increasingly competitive, impacting the performance of established players like Wynn Resorts [1]

Core Insights - Wynn Resorts shares fell significantly after the company reported third-quarter results that missed profit and sales forecasts, primarily due to a slowdown in Las Vegas operations [1][2] - The company reported a third-quarter loss of $0.29 per share, with adjusted earnings of $0.90 per share, both below analysts' expectations. Revenue increased by 1.3% year-over-year to $1.69 billion, but still fell short of forecasts [1][2] Financial Performance - Las Vegas operating revenue declined by 1.9% to $607.2 million, while adjusted EBITDAR dropped by 7.7% to $202.7 million [2] - Mixed results were observed in Macau, with operating revenue increasing by 19.3% at Wynn Macau, but declining by 1% at Wynn Palace. Encore Boston Harbor saw a 1.8% increase in revenue [2] Investments and Future Outlook - The company invested $18.2 million in a joint venture under construction in the UAE, which is expected to become a significant tourism destination according to CEO Craig Billings [2] - Wynn Resorts shares experienced a nearly 10% drop in trading and have lost over 5% of their value since the beginning of the year [2]