Wynn Resorts, Limited (WYNN)
Wynn Resorts, Limited (WYNN) Q3 2024 Earnings Call Transcript
Wynn Resorts, Limited (NASDAQ:WYNN ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Julie Cameron-Doe - CFO Craig Billings - CEO Brian Gullbrants - COO, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan John DeCree - CBRE Robin Farley - UBS Dan Politzer - Wells Fargo Stephen Grambling - Morgan Stanley David Katz - Jefferies Brandt Montour - Barclays Operator Welcome to the Wynn Resorts' Third Quarter 2024 Earnings Call. All participants are on a listen-only mode until the question-and-answer session of today's conference.
Wynn Resorts (WYNN) Q3 Earnings and Revenues Miss Estimates
Wynn Resorts (WYNN) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.99 per share a year ago.
Wynn Resorts Q3 Earnings on the Horizon: What's in the Offing?
WYNN's third-quarter 2024 results are likely to be aided by increased visitor numbers and demand, especially in Las Vegas and Macau.
Countdown to Wynn (WYNN) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for Wynn (WYNN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Wynn Resorts (WYNN) Secures UAE's First Casino License, Shares Rise
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 Resorts Stock Extends Rally on UAE License
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).
Wynn Resorts: $120m Fed Fine For Money Transfer Violations Already Feeds Bear Takes; It's Wrong
Wynn Resorts faces challenges, including a $120m fine for unregistered money transfers, but these issues are unlikely to significantly impact its stock performance. Wynn's failure in the online gaming sector is not a bearish indicator; instead, its focus on high-margin projects like the UAE development is more promising. Macau's revenue recovery and Wynn's premium customer base are key bullish factors, with expectations of surpassing 2019 revenue levels by 2026.
Betting watchdog cites Wynn, Resorts World Vegas scandals as concern for pending NYC casino bids
The head of the New York State Gaming Commission flagged recent Las Vegas betting scandals as potential roadblocks for two major bidders vying for highly coveted New York City casino licenses.
China Stimulus Sends Las Vegas Sands Stock Up 8% In A Day
Las Vegas Sands stock, a casino and resort company operating in Macau and Singapore, rose 8% on 26th September, as compared to a 0.4% increase in the S&P 500 index. LVS's peer Wynn stock (NASDAQ: WYNN) was also up 8.20% on the same day.
S&P 500 Gains and Losses Today: Casino Stocks Jump as China Stimulus Lifts Outlook
Major U.S. equities indexes were mixed on the final trading day of the week as investors digested the latest Personal Consumption Expenditure (PCE) data showing consumer price pressures cooled in August, reinforcing expectations that the Federal Reserve will continue cutting interest rates.
WYNN Needs to Hedge Bets on China's Stimulus
Wynn Resorts (WYNN) saw its stock soar this week off news of China's stimulus package. To sustain that growth, Zach Warring says the company will need to see "significant improvement" from that stimulus to accelerate long-term growth.
Wynn Stock Is Eyeing Its Best Week in 2 Years. China Isn't the Only Reason.
Morgan Stanley analysts see opportunities beyond China—like the United Arab Emirates.
