WYNN - Wynn Resorts, Limited
| Previous Close | 110.13 |
| Open | 108.98 |
| Bid | 104.90 x 900 |
| Ask | 107.25 x 1000 |
| Day's Range | 103.71 - 109.50 |
| 52 Week Range | 90.06 - 151.93 |
| Volume | 2,702,829 |
| Avg. Volume | 1,912,009 |
| Market Cap | 11.335B |
| Beta (3Y Monthly) | 1.74 |
| PE Ratio (TTM) | 13.87 |
| EPS (TTM) | 7.60 |
| Earnings Date | Nov 5, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | 4.00 (3.63%) |
| Ex-Dividend Date | 2019-08-15 |
| 1y Target Est | 138.60 |
- Yahoo Finance Video
Macau gaming 'came back' last week: Bernstein
Bernstein Research says Macau gaming is coming back amid recent protests in Hong Kong. Yahoo Finance's Akiko Fujita and Heidi Chung discuss.
- Reuters
Gambling hub Macau chooses Beijing-backed man as leader
The Chinese territory of Macau elected former legislature head Ho Iat Seng as its leader on Sunday - the sole approved candidate. Ho, who has deep ties to China, is expected to cement Beijing's control over the special administrative region and distance it from protests in neighbouring Hong Kong. The 62-year-old's highly scripted appointment comes as the former Portuguese colony tries to position itself as a beacon of stability and model for the Chinese government's "one country, two systems" formula through which Beijing administers Macau and Hong Kong.
- Reuters
Japan's Yokohama says to join race to host newly legalised casino
Yokohama, Japan's second-largest city, raised its hand on Thursday to host a casino resort, a newly legalised industry the government hopes will stimulate the economy and tourism. Yokohama Mayor Fumiko Hayashi said the city was preparing a bid, with expectations for such a resort to bring the city a "virtuous cycle" of greater economic investment and growth. Yokohama, facing Tokyo Bay and located a short train ride from the capital, joins other candidates such as Osaka, Nagasaki and Wakayama vying to host integrated resorts (IR) expected to attract more tourists and investment.
- Reuters
Don't 'mess up Macau': gambling hub set to choose Beijing-backed leader
The Chinese territory of Macau is set to elect as leader the only candidate for which it is allowed to vote: a Beijing-backed former legislator who is expected to cement China's control over the special administrative region and distance it from escalating protests in neighbouring Hong Kong. The 62-year-old's highly scripted appointment comes as the former Portuguese colony tries to position itself as a beacon of stability and model for the Chinese government's "one country, two systems" formula through which Beijing administers Macau and Hong Kong. "Many people expressed they do not want to mess up Macau," Ho told local media this week, explaining that he had heard much opposition to the protests that have plunged Hong Kong into its deepest political crisis since its handover to Beijing in 1997.
- American City Business Journals
Here is what’s planned at the $300M Wareham casino and racetrack
The Notos Group has briefed the Massachusetts Gaming Commission on its plans to develop a $300 million gaming complex in Wareham.
- American City Business Journals
MGM Springfield bullish despite falling short of projected revenue
With MGM Springfield just days away from its one-year anniversary, president Michael Mathis believes the $960 million resort casino has answered the gloom and doom predictions of the “naysayers.”
- Financial Times
Pension funds step up campaign to reduce gender pay gap
Big US pension funds and impact investors will this month step up pressure on companies to reduce the gender pay gap by trying to compel them to disclose the difference in how they treat men and women. The states of Connecticut, Minnesota and Oregon are among the investors that are pressing companies to disclose more information about how women are recruited, promoted and paid. The investors want new disclosures about the promotion gap between men and women as well as information about how women are compensated as they climb the corporate ladder.
- Bloomberg
Amazon, Swatch, Daimler and the Risks of a Global Recession
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Investors are bracing for a significant downturn in the world economy, cutting earnings estimates amid a market sell-off. While all cyclical industries face some form of risks, some companies within each sector are more vulnerable than others as the outlook deteriorates.In recent recessions, technology and finance were the triggers -- the internet bubble caused the 2000 market crash and subprime lending led to the 2008-2009 global financial crisis that spread to housing, manufacturing and consumer demand.“The financial sector was leading in 2002-2007. In this cycle, it’s the tech sector,” said Bloomberg Chief Equity Strategist Gina Martin Adams. Still, she cautioned that in spite of the warning signs, it may be too early to predict a recession, adding that “tech is the strength of the economy.”Here are five global companies that may stand to lose more than others:AmazonAmazon.com Inc. is among the most cyclical U.S. internet companies because the Seattle-based e-commerce giant relies heavily on consumer spending. It’s also been building its employee base, adding more than 600,000 jobs and hundreds of huge warehouses to store and ship products. Some of those costs are fixed, while others may be hard to reduce quickly if there’s a steep economic decline. It also faces regulatory risks.“Amazon’s near-term growth may be at risk as macroeconomic conditions worsen, regulatory scrutiny rises and spending cycles spark concern,” Jitendra Waral and April Kim, analysts at Bloomberg Intelligence, wrote in a recent note. “If demand were to slow amid Amazon’s increased spending on logistics, profit would face a double whammy.”One of Amazon’s fastest-growing new businesses -- digital advertising -- is also susceptible to economic ups and downs. Still, Amazon is riding a broad e-commerce growth trend that is unlikely to reverse during a recession.SwatchMakers of luxury items tend to endure more risks in a recession than producers of mass-market consumer goods. This time around, the effects would be compounded by U.S.-China trade tensions and protests in Hong Kong, which has already hurt the city’s economic outlook.Swatch Group AG, the biggest maker of Swiss timepieces, has more exposure to Hong Kong than any other luxury company, generating more than a third of the group’s sales in the Greater China region, according to Kepler Cheuvreux analyst Jon Cox. The maker of Omega watches also has a smaller presence in the steadier luxury categories of jewelry and fashion than rival Richemont, which owns brands including Chloe, Van Cleef & Arpels and Cartier.The high-end segment has also been far less elastic in a downturn. In 2009, Swiss watch exports slumped 22% amid the financial crisis.So far, the economic slowdown in China has done little to damp the appetite of Chinese consumers for luxury goods. But watchmakers are feeling the effects of the sometimes violent demonstrations in Hong Kong, their largest export market. Timepiece sales there could plunge as much as 40% in the second half, Cox said.Swatch also faces sluggish watch sales in Europe. If the U.S. takes a turn for the worse, the industry could be hit by a reversal of the recovery in its second-biggest market.Swatch ExportsDaimlerThe German corporate giant just doesn’t just face a slowdown in its home market -- it also has substantial exposure to a potential downturn in the U.S. The automaker produces two high-margin SUVs in Alabama and its Freightliner division is the leader in the North American heavy-truck market. Demand for transportation of goods tends to closely mirror broader economic swings and analysts say heavy-truck sales in the region have peaked following years of robust growth.Daimler AG relies on the U.S. for about a quarter of the group’s revenue last year. That’s more than Germany or China, where it operates a joint venture with BAIC.After two back-to-back profit warnings following their debut in May, Daimler’s new leadership duo has vowed to improve efficiency. Profitability at the Mercedes-Benz passenger-car division has been sub-par compared with its peers, and the car unit is up against waning demand in its two biggest markets by volume: China and the U.S.CaesarsAn economic downturn could be particularly ill-timed for Caesars Entertainment Corp. The largest owner of casinos in the U.S. is about to increase its debt load again to finance a megadeal, after struggling for years to recover from a 2008 leveraged buyout that left it saddled with debt at the height of the Great Recession. (Caesars ended up putting its largest division into bankruptcy to clean up its balance sheet.)Caesars is set to merge with Eldorado Resorts Inc. early next year in a deal that involves $8.2 billion in new financing, amid rising competition from new casinos, both online and at its properties. Unlike some of its peers that focus more on luxury, such as Wynn Resorts Ltd., Caesars operates a lot of casinos in small markets including Tunica, Mississippi, and Metropolis, Illinois. Combined with Eldorado, it will have 60 owned, operated and managed casino–resorts across 16 states.And even the Las Vegas Strip, once considered invincible as a gambling destination, has yet to see casino revenue return to its 2007 high.Toll BrothersA major economic slowdown would almost certainly hit home sales and prices for builders like Toll Brothers Inc. “If we do go into a recession, housing isn’t going to be the cause,” said Drew Reading, an analyst at Bloomberg Intelligence. “It’s going to be the victim.”The bigger challenge for the industry right now is affordability, especially in high-cost metros on the West Coast. Toll Brothers, the largest U.S. luxury homebuilder, has been trying to diversify geographically. But it’s still highly reliant on California, where it got nearly a third of its revenue last year.One the plus side: Single-family housing starts still haven’t returned to historical levels more than a decade after the financial crisis, which means homebuilders won’t be sitting on as much supply if the economy takes a turn for the worst.\--With assistance from Christoph Rauwald, Kevin Miller, Corinne Gretler, Noah Buhayar, Ian King, Christopher Palmeri and Alistair Barr.To contact the reporter on this story: Cécile Daurat in Wilmington at cdaurat@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Linus Chua, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Encore Boston Harbor outpaces MGM Springfield in first head-to-head month
The three casinos in Massachusetts cumulatively generated $81.4 million in revenue last month from hundreds of millions in wagers and Encore Boston Harbor in Everett accounted for about 60 percent of it. In its first full month of operations, the Wynn Resorts (Nasdaq: WYNN) property pulled in more than $48.57 million in table game and slot machine revenue. MGM Springfield (NYSE: MGM) posted its third-worst month in July but still counted $20.4 million in revenue and the slots parlor at Plainridge Park Casino generated $12.5 million last month, the Massachusetts Gaming Commission reported in its monthly revenue roundup.
- American City Business Journals
Mass. gaming commission taps D.C. law firm as Wynn Resorts monitor
The monitor role is a requirement of Wynn Resorts keeping its suitability license for Encore Boston Harbor, the $2.6 billion casino in Everett that opened earlier this year.
- Zacks
Wynn Resorts Banks on Solid Macau & Las Vegas Performance
Wynn Resorts' (WYNN) focus on non-gaming business and strength in domestic market bode well.
- Motley Fool
Las Vegas Is a Highlight for Wynn Resorts' Quarter
Growth in Las Vegas and the opening of Encore Boston Harbor are driving growth for Wynn Resorts.
- Zacks
IGT vs. WYNN: Which Stock Should Value Investors Buy Now?
IGT vs. WYNN: Which Stock Is the Better Value Option?
- PR Newswire
Wynn Resorts Issues 2018 Environmental, Social and Governance Report
LAS VEGAS, Aug. 7, 2019 /PRNewswire/ -- Wynn Resorts (WYNN) today issued its 2018 Environmental, Social and Governance Report, providing a comprehensive view of the Company's commitment to responsible business practices, environmental protection, and philanthropy. In a forward to the report, Wynn Resorts CEO Matt Maddox remarked, "For us, sustainability is more than just finding efficiencies to the economic, environmental, and social issues we face.
- Zacks
Wynn Resorts' (WYNN) Q2 Earnings & Revenues Beat Estimates
Wynn Resorts' (WYNN) solid top-line performance in second-quarter 2019 can be attributed to robust performance by Wynn Palace, Wynn Macau and Las Vegas operations.
- TheStreet.com
[video]Wynn Resorts Beats Profit Estimates as Las Vegas Casino Revenue Jumps
Hotel and casino operator Wynn Resorts reported better-than-expected earnings as casino revenue surged in Las Vegas. Revenue from Wynn's casino operations in Las Vegas jumped to $119.8 million in the quarter, up 17.7% from the second quarter a year earlier. Casino revenue from Wynn Macau rose 1.7% to $481.2 million.
Motley FoolWynn Resorts Ltd (WYNN) Q2 2019 Earnings Call Transcript
WYNN earnings call for the period ending June 30, 2019.
- Zacks
Wynn Resorts (WYNN) Surpasses Q2 Earnings and Revenue Estimates
Wynn (WYNN) delivered earnings and revenue surprises of 1.41% and 4.10%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Barrons.com
Trade War Threats Put Damper on Wynn Resorts Earnings Report
It’s hard to overstate how important China is to Wynn, which reported second-quarter earnings after the bell. About 70% of its revenue comes from Macau.
- Business Wire
Wynn Resorts, Limited Reports Second Quarter 2019 Results
Wynn Resorts, Limited today reported financial results for the quarter ended June 30, 2019.
- Investing.com
Wynn Resorts Earnings, Revenue Beat in Q2
Investing.com - Wynn Resorts (NASDAQ:WYNN) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
- Yahoo Finance
Disney, Papa John’s earnings — What to know in markets Tuesday
Media behemoth Disney and pizza chain Papa John’s are both scheduled to release quarterly results after the market close Tuesday.
