Wynn Resorts, Limited
 (WYNN)

- NASDAQ
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Apr. 17, 2015, 11:38 AM
    • Steve Wynn is walking a tightrope thinner than those used by Cirque du Soleil performers in a boardroom battle going on between the company he founded and his ex-wife.
    • The CEO stated during an interview on the Charlie Rose Show earlier this week that he didn't agree with the directors on the exclusion of Elaine Wynn from the board.
    • "I am not commenting on any of this sort of thing," said Wynn after talking it over for a good 90 seconds.
    • Shares of Wynn Resorts (WYNN -1.2%) haven't cracked $140 since early March.
    • Though Macau is the major factor with investors' view on the company, analysts call the Elaine Wynn board battle an unneeded distraction.
    | Apr. 17, 2015, 11:38 AM | 5 Comments
  • Apr. 15, 2015, 3:16 PM
    • The tide has turned a bit in the battle between Wynn Resorts (WYNN +1.8%) and Elaine Wynn over the large shareholder getting booted off the board.
    • Proxy firm Egan-Jones recommends shareholders vote against the two nominees put up by the company for election.
    • Egan- Jones wasn't shy about pointing out the "multiyear decline" in Wynn's share price as a voting concern.
    • Earlier this week, Glass- Lewis weighed in on the side of Wynn Resorts.
    • The votes get counted on April 24 at the company's annual meeting.
    | Apr. 15, 2015, 3:16 PM | 3 Comments
  • Apr. 15, 2015, 3:01 PM
    • The number of visitors to Macau from Mainland China is set to be capped at 21M per year, according to a proposal in front of government officials.
    • Total Macau visitors were 31M last year with the Chinese New Year holiday providing the biggest traffic spike from the Mainland.
    • Casino operators in the region have said they expect to grow the rate of international tourists with Mainland growth possibly stalled at current levels.
    • Sterne Agee isn't in panic mode over the Macau sector, noting the 21M cap proposal could be posturing by the government in order to pull some levers with companies on land allowances.
    • Related stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Melco Crown (MPEL +1%), Galaxy Entertainment (OTCPK:GXYEF -3.6%), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Apr. 15, 2015, 3:01 PM | 2 Comments
  • Apr. 13, 2015, 9:04 AM
    • Glass Lewis recommends shareholders of Wynn Resorts (NASDAQ:WYNN) vote for the company's board nominees.
    • The proxy advisory firm believes it's a fair point to suggest that Elaine Wynn's interests as significant shareholder in a legal battle have "impinged" her ability to act as a fiduciary for investors.
    • The Wynn Resorts shareholder meeting is scheduled for April 24.
    | Apr. 13, 2015, 9:04 AM
  • Apr. 9, 2015, 11:29 AM
    • Macau gaming companies continue to consider opportunities outside of the Chinese gambling mecca with other regions forecast to see strong growth.
    • Macau Resources Group and Sino Gaming/Macau Group are already in talks with regulators about new casinos in the Philippines, while Caesars Entertainment (CZR -0.2%) is also reportedly interested in the region.
    • Singapore, Vietnam, and Japan are all being considered for new long-term projects by various companies.
    • Casino stocks with a Macau presence are off and running today, despite more projections on dismal -36% to -40% Y/Y revenue slide for April.
    • Turning the spotlight on other Asian markets may be doing the trick.
    • Gainers: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY) +7.7%, MGM China (OTCPK:MCHVF, OTCPK:MCHVY) Wynn Resorts (NASDAQ:WYNN) +3.9%, Las Vegas Sands (NYSE:LVS) +3.3%, Melco Crown (NASDAQ:MPEL) +3.2%, Galaxy Entertainment (OTCPK:GXYEF) +2.9%, MGM Resorts (NYSE:MGM) +1.6%.
    | Apr. 9, 2015, 11:29 AM | 5 Comments
  • Apr. 8, 2015, 7:05 AM
    • Wynn Resorts (NASDAQ:WYNN) is facing a roadblock in Massachusetts in its effort to build a new casino complex near Boston.
    • State officials have held up construction of the $1.6B project over the issue of the closed door sale of a key piece of land without the appropriate environmental review.
    • Though company officials call the issue a technical matter, it's turning into one of a political nature, reports The Boston Globe.
    | Apr. 8, 2015, 7:05 AM | 2 Comments
  • Apr. 6, 2015, 6:49 AM
    • Proxy firm ISS issues a harsh assessment of the corporate governance practices at Wynn Resorts (NASDAQ:WYNN).
    • The compensation policies at Wynn and the air of secrecy at the company were both both raised as concerns in the report.
    • ISS recommends shareholders vote against all directors seeking a seat on the board of directors, including Elaine Wynn.
    | Apr. 6, 2015, 6:49 AM | 4 Comments
  • Apr. 3, 2015, 8:22 AM
    | Apr. 3, 2015, 8:22 AM | 1 Comment
  • Apr. 1, 2015, 2:41 PM
    • Gaming revenue in Macau fell 39% Y/Y in March to 21.5B pacatas ($2.7B), according to data from the Macau Gaming Inspection and Coordination Bureau.
    • Analysts thinks April and May will also see revenue declines of 30% or more.
    • Shares of the casino stocks actually rose in Hong Kong trading as the worst-case scenario was avoided.
    • Related stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Melco Crown (MPEL +2.4%), Galaxy Entertainment (OTCPK:GXYEF -1.4%), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Apr. 1, 2015, 2:41 PM | 13 Comments
  • Mar. 31, 2015, 11:41 AM
    • Nevada gaming revenue fell 1.1% to $916.1M during February, according to figures released by the Gaming Control Board.
    • Las Vegas Strip casinos saw a 4.4% Y/Y decline to $531.3M during the month
    • A poor month for baccarat play was behind much of the tail-off in Las Vegas, although it's not clear if soft traffic or a dismal hold percentage was behind the drop.
    • The casino sector is seeing some buying action today on yet more REIT speculation.
    • Advancing stocks against a weak tape include Penn National Gaming (PENN +2.2%), Las Vegas Sands (LVS +1%), Wynn Resorts (WYNN +0.7%), Caesars Acquisition (CACQ +2.7%), Caesars Entertainment (CZR +3.4%), Boyd Gaming (BYD +0.7%), Century Casinos (CNTY +1%), Empire Resorts (NYNY +1.1%), and Pinnacle Entertainment (PNK +0.3%).
    • Full Nevada Gaming Control Board report (.pdf)
    • Previously: A warning on casino REITs (Mar. 28 2015)
    | Mar. 31, 2015, 11:41 AM
  • Mar. 30, 2015, 7:51 AM
    • Wynn Resorts (NASDAQ:WYNN) issues a revised proxy statement in regard to Elaine Wynn's pursuit to keep her board seat.
    • The company continues to maintain that the litigation Elaine Wynn is involved in presents a risk to shareholders.
    • It also commits to "prioritize" women and diverse candidates for senior leadership roles at the casino operator.
    • SEC Form 14A
    | Mar. 30, 2015, 7:51 AM | 1 Comment
  • Mar. 23, 2015, 8:58 AM
    • The city of Macau forecasts gaming revenue will decline 32% this year to 20B patacas ($2.5B).
    • The outlook is considerably lower than the consensus estimate of gaming analysts, but may have some political considerations.
    • An address by Macau Chief Executive Dr. Fernando Chui Sai-on today indicated the local government is serious about pressing casino companies to develop non-gaming elements to their business.
    • He also tipped off an era of stricter regulations.
    • Related stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Melco Crown (NASDAQ:MPEL), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
    | Mar. 23, 2015, 8:58 AM | 9 Comments
  • Mar. 21, 2015, 11:06 AM
    • Elaine Wynn plays the diversity card in her fight to keep her board seat at Wynn Resorts (NASDAQ:WYNN).
    • The holder of a 9.4% stake in the company notes in a "fight letter" to shareholders that her elimination would make the board an all-male club.
    • Perhaps an even stronger point, Wynn notes the company's sudden rationale on fearing a conflict of interest with her didn't prevent it from nominating her for the position in 2012.
    | Mar. 21, 2015, 11:06 AM | 4 Comments
  • Mar. 20, 2015, 8:36 AM
    • Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY) announces it will give most employees a 5% wage increase.
    • The action covers all employees except upper management.
    • Workers were previously granted 1,000 shares in a different form of a compensation hike.
    • The Macau gaming sector has been under pressure from local government officials over wage levels.
    • Wynn Macau is a subsidiary of Wynn Resorts (NASDAQ:WYNN).
    | Mar. 20, 2015, 8:36 AM
  • Mar. 19, 2015, 8:54 AM
    • Brean Capital makes a strong call on the Macau casino sector.
    • Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), Melco Crown (NASDAQ:MPEL), and MGM Resorts (NYSE:MGM) are all initiated with Buy ratings.
    • The investment firm notes the headline-grabbing revenue declines in the sector are exaggerated to a degree by the audacious growth rates in the sector over the last few years.
    • New properties which open in the second half of this year should help drive traffic again, reasons Brean.
    • Previously: Macau: Did somebody say dividend cuts? (Mar. 09 2015)
    • Previously: UBS pushes out Macau recovery outlook to 2016 (Mar. 17 2015)
    | Mar. 19, 2015, 8:54 AM | 3 Comments
  • Mar. 17, 2015, 10:58 AM
    | Mar. 17, 2015, 10:58 AM | 10 Comments
Company Description
Wynn Resorts Ltd is a developer, owner and operator of destination casino resorts. It owns and operates two destination casino resorts namely Wynn Las Vegas and Encore at Wynn Macau.
Sector: Services
Country: United States