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Wynn Resorts(WYNN) - 2024 Q3 - Quarterly Results
2024-11-04 21:04
Exhibit 99.1 Wynn Resorts, Limited Reports Third Quarter 2024 Results LAS VEGAS, November 4, 2024 — Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the third quarter ended September 30, 2024. Operating revenues were $1.69 billion for the third quarter of 2024, an increase of $21.4 million from $1.67 billion for the third quarter of 2023. Net loss attributable to Wynn Resorts, Limited was $32.1 million for the third quarter of 2024, compared to net ...
Wynn Resorts Q3 Earnings on the Horizon: What's in the Offing?
ZACKS· 2024-11-01 15:25
Wynn Resorts, Limited (WYNN) is scheduled to release third-quarter 2024 results on Nov. 4, 2024, after the closing bell. In the previous quarter, the company’s earnings missed the Zacks Consensus Estimate by 8.9%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.WYNN’s Q3 Earnings EstimatesThe Zacks Consensus Estimate for the third-quarter bottom line is pegged at $1.17, indicating a surge of 18.2% from 99 cents in the year-ago quarter. In the past 30 days, earnings estimates have remai ...
Countdown to Wynn (WYNN) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-10-31 14:20
Analysts on Wall Street project that Wynn Resorts (WYNN) will announce quarterly earnings of $1.17 per share in its forthcoming report, representing an increase of 18.2% year over year. Revenues are projected to reach $1.73 billion, increasing 3.8% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...
Wynn Las Vegas Announces 2024 Return of "Ultimate Race Week"
Prnewswire· 2024-10-15 19:28
Event Overview - Wynn Las Vegas announces the second year of "Ultimate Race Week" programming anchored by the Las Vegas Grand Prix, running from November 20 to November 24, 2024 [1] - The 2023 event received overwhelmingly positive feedback, prompting the company to raise the bar for the 2024 edition [1] Key Events and Programming - **amfAR Gala**: An exclusive benefit hosted by amfAR on November 22, featuring a red carpet, a performance by Diana Ross, and honoring Sylvester and Jennifer Stallone with the amfAR Award of Inspiration [1] - **Ultimate Fan Experience**: A daytime event on November 22 and 23, featuring team appearances, live entertainment, and local food trucks [1] - **Golf Outing**: An invite-only golf tournament at Wynn Golf Club on November 20 [1] - **Pop-Up Events**: Exclusive takeovers throughout the week, including LOUIS XIII Cognac's pop-up retail experience and Lewis Hamilton's Almave non-alcoholic spirit at Eastside Lounge [1] - **Nightlife**: XS Nightclub will host Marshmello, The Chainsmokers, Swedish House Mafia, and Black Coffee, with special late-night sets by Diplo and Gordo [1] - **Retail Experiences**: Limited-time events by Watches of Switzerland and Eden Gallery, featuring private client dinners, short-film debuts, and artist celebrations [1] - **Car Enthusiast Activations**: The Drive to Wynn podcast, TWR Supercat showcase, and Bugatti's ultra-exclusive experience, including a parade lap around the Las Vegas Strip Circuit [1] Accommodation and Packages - Wynn Las Vegas offers room and ticket packages, including the Paddock Club™ Package, Grand Fan Package, and Wynn Grid Club Package [1] Company Background - Wynn Resorts has received more Forbes Travel Guide Five Star Awards than any other independent hotel company and was honored on FORTUNE Magazine's World's Most Admired Companies list in 2024 [2] - Wynn and Encore Las Vegas consist of two luxury hotel towers with 4,748 rooms, 194,000 square feet of casino space, 20 signature dining experiences, and extensive leisure facilities, including an 18-hole championship golf course [2] Media Contact - Media inquiries can be directed to Wynn Las Vegas at 702-770-2120 or via email [3]
Wynn Resorts (WYNN) Secures UAE's First Casino License, Shares Rise
Gurufocus· 2024-10-07 14:31
Wynn Resorts (WYNN, Financial) saw its stock rise by over 2.2% in early trading, hitting a peak of $107.81. The company announced that it has received the first-ever commercial gaming operator license in the United Arab Emirates. Wynn is developing a significant integrated resort on Wynn Al Marjan Island, marking the first casino in the Middle East and North Africa region. This extensive project is expected to cost several billion dollars and aims to open to the public by early 2027. ...
Wynn Resorts Stock Extends Rally on UAE License
Schaeffers Investment Research· 2024-10-07 14:29
Wynn Resorts Ltd (NASDAQ:WYNN) stock is continuing its recent rally, up 1.1% at $106.60, after Friday's announcement that the company received the first commercial gaming operator license in the United Arab Emirates (UAE). This is a major step in the right direction for the casino operator as it continues to build its billion-dollar resort in Ras Al Khaimah. WYNN is already up 39% in the last month, now headed for its seventh daily gain in the last eight trading sessions and continuing an extended bounce of ...
Wynn Resorts: $120m Fed Fine For Money Transfer Violations Already Feeds Bear Takes; It's Wrong
Seeking Alpha· 2024-10-07 10:53
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 ...
China Stimulus Sends Las Vegas Sands Stock Up 8% In A Day
Forbes· 2024-09-30 12:00
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 ...
Strength Seen in Wynn (WYNN): Can Its 8.2% Jump Turn into More Strength?
ZACKS· 2024-09-27 13:47
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 ...
Taking A Gamble On Wynn Resorts
Seeking Alpha· 2024-09-06 08:16
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 ...