Wynn Resorts, Limited (WYNN) - NASDAQ
  • Fri, Mar. 18, 9:18 AM
    • Casino stocks are setting up for a day of gains after Macquarie Research upgrades the sector to Neutral. The investment firm thinks the worse month-over-month Macau revenue declines are now firmly in the past.
    • Macquarie thinks Macau casino revenue will fall 6% this year, an improvement from a prior forecast of a 13% decline.
    • Premarket movers: Melco Crown (NASDAQ:MPEL) +3%, Wynn Resorts (NASDAQ:WYNN) +2.8%, MGM Resorts (NYSE:MGM) +2.2%, Las Vegas Sands (NYSE:LVS) +1.4%.
    | Fri, Mar. 18, 9:18 AM | 12 Comments
  • Mon, Mar. 14, 3:46 PM
    | Mon, Mar. 14, 3:46 PM | 6 Comments
  • Fri, Mar. 11, 8:30 AM
    • Sterne Agee CRT downgrades Wynn Resorts (NASDAQ:WYNN) to a Neutral rating following the casino stock's recover from a 52-week low of $49.95.In a little over four weeks, Wynn is up 43%.
    • The investment firm has been stuck on a bullish view of Wynn for several years, dating back to the giddy +$200 share price days.
    • On Seeking Alpha, Enceladus Research has a deep dive into why investors should be cautious over the recent Macau numbers.
    • WYNN -1.08% premarket to $83.15.
    | Fri, Mar. 11, 8:30 AM | 9 Comments
  • Mon, Mar. 7, 7:29 AM
    • UBS upgrades Wynn Resorts (NASDAQ:WYNN) to a Buy rating after having shares set at Neutral.
    • The investment firm points to improved fundamentals in Macau and Las Vegas in making its bull call.
    • Shares of Wynn are up 24% YTD.
    | Mon, Mar. 7, 7:29 AM | 10 Comments
  • Fri, Mar. 4, 3:03 PM
    • The Palms Casino Resort in Las Vegas, once owned by the Maloof brothers, is exploring a sale, sources tell Bloomberg.
    • The popular casino is now majority-owned by TPG Capital and Leonard Green & Partners.
    • The sale of the Palms is another sign that business activity is picking up in Las Vegas. Other properties on the sales block include the unfinished Fountainebleau Resort (owned by Icahn) and the Aliante Casino (owned by Apollo Global, TPG, and Standard Capital). Underpinning some of the real estate activity, room rates and traffic numbers have improved in Las Vegas in recent months.
    • Related stocks: CZR, MGM, WYNN.
    • Related ETF: BJK.
    • Previously: The Trump Organization eyes Vegas casino (Feb. 25)
    • Previously: Report: MGM Resorts to sell Vegas mall for $1.13B to Simon group (March 2)
    | Fri, Mar. 4, 3:03 PM | 11 Comments
  • Thu, Mar. 3, 4:38 AM
    • Macau's economy contracted 20.3% in 2015 as the city was hit by plunging gambling revenue amid China's anti-corruption crackdown and slowing growth.
    • The economy shrank 14.4% in the fourth quarter, according to an e-mailed statement from the local statistics bureau.
    • Gross gaming revenue in the world's biggest gambling hub also recorded its 21st consecutive monthly slump in February, but saw a smaller decrease due to China's Lunar New Year holiday.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Thu, Mar. 3, 4:38 AM | 5 Comments
  • Tue, Mar. 1, 11:28 AM
    • Macau casino stocks are higher after strong Lunar New Year holiday traffic led to nearly flat year-over-year revenue growth in February.
    • SA contributor Howard Jay Klein pulls out some positive reads from the Macau traffic read. He notes that the increase in visitations helped to boost room occupancy rates and led to better-than-anticipated gaming numbers. Sources tell Klein that the mass and premium mass segments performed well with the "fear factor" receding.
    • "I expect a continuation of [year-over-year] flat and then an uptrend beginning in mid-Q2, tips Klein.
    • The take from contributor Enceladus Research leans to the cautious side due to the recent rally in Macau names ahead of the revenue report. The positive effect of an earlier New Year was already baked in a bit, notes ER.
    • Sector gainers today include Las Vegas Sands (LVS +4.9%), Melco Crown (MPEL +4.4%), MGM Resorts (MGM +4.1%), and Wynn Resorts (WYNN +3.9%). Earlier today in Hong Kong, Wynn Macau (OTCPK:WYNMF, [[WYNMY}]) and MGM China (OTCPK:MCHVF, OTCPK:MCHVY) had a strong day.
    | Tue, Mar. 1, 11:28 AM | 7 Comments
  • Tue, Mar. 1, 5:28 AM
    • Boosted by an increase in tourist numbers over the Lunar New Year holiday, the Chinese territory of Macau posted impressive monthly figures in February.
    • Gambling revenue dropped 0.1% to 19.5B patacas ($2.4B), the 21st consecutive monthly drop but above analysts' expectations of a fall of 2%-10%, while visitor numbers increased significantly.
    • Chinese high-rolling gamblers have laid low since President Xi Jinping started an anti-corruption campaign in 2013, ending a decade-long Macau boom that propelled the city's casino revenue to seven times more than the Las Vegas Strip.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Tue, Mar. 1, 5:28 AM | 16 Comments
  • Fri, Feb. 26, 12:26 PM
    • Casino stocks are churning higher today as the mix of macroeconomic news and earnings reads continues to lean to the favorable side.
    • Earlier today, casino industry supplier Scientific Games reported earnings which included a solid increase in gaming machine shipments by the company to U.S. and Canadian customers (+12% pro forma w/Bally's acquisition factored in).
    • Gainers include Caesars Entertainment (CZR +11.1%), Boyd Gaming (BYD +7.5%), Isle of Capri Casinos (ISLE +3.2%), MGM Resorts (MGM +3.3%), Wynn Resorts (WYNN +2.9%), and Penn National Gaming (PENN +1.8%).
    • The Market Vectors Gaming ETF (NYSEARCA:BJK) is up 1.1%, compared to a flat S&P 500 Index.
    • Related: Casino Stocks Are Coming Up Aces (Feb. 23 2016)
    • Related: March Madness In Las Vegas: More Proof That Gaming Has Become An Event Driven Industry (Feb. 26 2016)
    | Fri, Feb. 26, 12:26 PM | 6 Comments
  • Thu, Feb. 25, 3:58 PM
    • The Trump Organization is considering building a casino in Las Vegas adjacent to the company's luxury hotel and condo tower on the north end of the Strip, according to a long-time business partner of Donald Trump.
    • Donald Trump has a long history in Atlantic City, but has never owned a casino in Las Vegas. His son Eric Trump is running the hotel end of the business, while the GOP nomination drama plays out.
    • On a broader look at development in Las Vegas, old projects on the north end of the Las Vegas Strip have been re-energized with revenue growth in the region improving. That development could be positive for Wynn Resorts and its Wynn Las Vegas and Encore properties.
    • Related stocks: LVS, MGM, WYNN, FLL, CZR, BYD, PENN.
    | Thu, Feb. 25, 3:58 PM | 22 Comments
  • Mon, Feb. 22, 8:30 AM
    • Wynn Resorts (NASDAQ:WYNN) landed eleven five-star awards from Forbes Travel Guide to top all independent hotel operators.
    • Wynn Tower Suites, The Spa at Wynn, Encore Tower Suites, and the Spa at Encore all landed the five stars in Las Vegas - while the company's property in Macau nabbed another seven 5-star awards.
    • Steve Wynn has given a decent amount of attention to brand-building hotel ratings during his conference call appearances in the past.
    | Mon, Feb. 22, 8:30 AM | 2 Comments
  • Sat, Feb. 20, 11:05 AM
    • The U.S. casino industry is looking at ways to attract more millennials as baby boomer traffic begins to soften. The addition of fitness centers, spas, and a stronger sports book/sports bar presence with more betting options are seen as ways to increase visits by the younger demographic.
    • Companies are also edging closer to adopting skills-based gambling machines as a way to lure in millennials who aren't enchanted with traditional slot machines. Nevada and New Jersey already have regulations in place, while at least six other states are looking seriously at the issue.
    • The next-gen slot machines could incorporate well-known games such as Angry Birds or Guitar Hero, as well as retro versions of Pac Man and Space Invaders.
    • What to watch: One category that is a known winner for attracting huge millennial interest is daily sports fantasy games. Whether it plays out in Washington D.C. or through the courts, casinos could carve out a large piece of that pie in the future.
    • Related ETF: BJK.
    | Sat, Feb. 20, 11:05 AM | 30 Comments
  • Tue, Feb. 16, 9:21 AM
    • Macau attracted 4.7% more visitors during the first week of the Chinese New Year holiday than a year ago, according to the Macau Government Tourist Office.
    • Visits from Mainland China were up 4.3% during the critical week.
    • Despite the traffic bump, Wells Fargo warns that activity at mass market tables was "quiet" as visitors steered toward family options.
    • The news from Nomura was even starker as the firm's rough estimate on daily revenue at tables showed a 20% Y/Y drop.
    • Non-gaming amenities add less to the bottom line than high-rolling baccarat action.
    • Macau stocks are higher after a vibrant rally in Chinese markets earlier today.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Tue, Feb. 16, 9:21 AM | 6 Comments
  • Sat, Feb. 13, 11:37 AM
    • Retail sales rose 11% in China during the key Golden Week holiday period.
    • The solid read backs up some indications from Macau gaming operators that Golden Week activity is strong this year despite the economic turmoil.
    • "The mass component clearly looks a little stronger than in the past," noted Steve Wynn during the Wynn Resorts conference call (transcript) earlier this week. Other gaming companies have also claimed brisk Golden Week business.
    • The gaming sector is at a crossroads with new capacity coming online shortly even with Macau gaming revenue showing negative growth for 20 straight months. More crackdowns from Beijing and Macau's local government could also be in the mix.
    • "We recommend investors maintain patience until there are further policy announcements from the Macau government in addition to post-Chinese New Year trends," tips Macquarie Securities gaming analyst Chad Beynon.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    • Related ETF: BJK.
    • Related article: The World's Largest Gambling Center's Distress Continues (Feb. 5)
    | Sat, Feb. 13, 11:37 AM | 7 Comments
  • Fri, Feb. 12, 9:59 AM
    • Macau casino stocks are showing strong gains after results of Wynn Resorts (WYNN +10.5%) came in better than expected.
    • Popping out of the report was a solid win rate and stabilizing mass market trend in Macau. During the earnings call, Steve Wynn confirmed reports that the Chinese New Year period is off to a solid start.
    • Previously: Wynn Resorts revenue read: Macau -27%, Vegas +4% (Feb. 11 2016)
    • Wynn Resorts earnings call webcast
    • Macau movers include Melco Crown (MPEL +5.2%), Las Vegas Sands (LVS +5.6%), and MGM Resorts (MGM +5%).
    | Fri, Feb. 12, 9:59 AM | 7 Comments
  • Thu, Feb. 11, 4:27 PM
    • Wynn Resorts (NASDAQ:WYNN) reports revenue from Macau operations fell 27% Y/Y to in Q4. EBITDA from the Macau business was $709M, down 44%.
    • The company's Las Vegas operations kicked in with revenue growth of 3.8% and churned out EBITDA of $477M. Though the occupancy rate in Vegas was down a full point, RevPAR (Revenue per available room) improved 6.8% to $237.
    • The company disclosed its investment in the Macau Cotai project is up to $3.5B.
    • Wynn ended the quarter with a cash position of $2.3B and debt of $9.1B.
    • Previously: Wynn Resorts beats by $0.27, misses on revenue (Feb. 11)
    • WYNN +1.52% AH to $60.60 after a 2.7% gain in the regular session.
    | Thu, Feb. 11, 4:27 PM | 8 Comments
Company Description
Wynn Resorts Ltd. develops, owns and operates destination casino resorts. The company operates through two segments: Las Vegas Operations and Macau Operations. The company provides hotel rooms and suites; table games; slot machines; a race and sports book; and a poker room of casino gaming... More
Sector: Services
Industry: Resorts & Casinos
Country: United States