Here's Why Investors Should Retain Wynn Resorts Stock Now [Yahoo! Finance]
Wynn Resorts, Limited (WYNN)
Last wynn resorts, limited earnings: 2/6 04:03 pm
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wynnresorts.com
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Source: Yahoo! Finance
Also, a focus on enhancing shareholder value bodes well. However, increased operating expenses are a concern. Let us discuss the factors that highlight why investors should retain the stock. Wynn Resorts has been benefitting from solid Macau performance. In the third quarter, Wynn Resorts generated $263 million in EBITDA from Macau, a 3% year-over-year increase. Operating revenues also showed healthy growth at 6%, driven by a 10% increase in combined mass table and slot win. October brought strong mass table drop, high VIP turnover and near-full hotel occupancy at 99%, particularly during the Golden Week holiday, where mass table drop surged nearly 30% compared to the previous year. To bolster its appeal, WYNN is innovating its food and beverage offerings in Macau. This includes four newly reimagined venues at Wynn Palace, the opening of Drunken Fish at Wynn Macau and the upcoming mid-2025 launch of a destination food hall at Wynn Palace. In gaming, the company is revitalizing t
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WYNN
News
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WYNN
Earnings
- 11/4/24 - Miss
WYNN
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- WYNN's page on the SEC website