WYNN - Wynn Resorts, Limited

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
81.26
+7.14 (+9.62%)
At close: 4:00PM EDT
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Engulfing Line (Bullish)

Engulfing Line (Bullish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close74.13
Open76.40
Bid0.00 x 1000
Ask0.00 x 800
Day's Range73.09 - 84.98
52 Week Range35.84 - 153.41
Volume16,235,864
Avg. Volume6,039,200
Market Cap8.766B
Beta (5Y Monthly)2.49
PE Ratio (TTM)N/A
EPS (TTM)-3.60
Earnings DateAug 04, 2020 - Aug 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 25, 2020
1y Target Est96.31
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-34% Est. Return
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  • Wynn Las Vegas Named Best Hotel In Las Vegas By Travel + Leisure Magazine
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    Wynn Las Vegas (Nasdaq: WYNN) has been ranked the No. 1 hotel in Las Vegas on the Travel + Leisure 2020 World's Best Awards list honoring the top hotels, travel destinations, and companies worldwide, as rated by its readers. This year marks the first time that Las Vegas has received its own city-specific list in the Award's 25-year history.

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    The vibrant city of Las Vegas came to a halt in March, and many wondered if it would look the same once it reopened. It would be reasonable to assume that the era of packed casinos, crowded clubs and pools and people grabbing food shoulder-to-shoulder ate one of the many buffets in Vegas has come to an end.The new Vegas normal is now here: plexiglass at the blackjack tables, social distance rules at the pools and servers who take food orders at the Wynn Resorts, Limited (NASDAQ: WYNN) buffet.Thankfully, it remains an "amazing experience," according to Derek Thomas, a true buffet guru and host of YouTube's "All You Can Vegas."New Buffet Rules: The Wynn buffet reopened its doors to guests June 18, but with a twist.Instead of guests loading up their plates with what they want and how they want, servers take food orders and bring the food to the table.For many, this would be a deal-breaker, as it defeats the whole purpose of a buffet. After all, Las Vegas visitors come from all over the world to experience the extravagant food that helped make the city famous."I think a lot of people will find this new style of buffet intriguing and will be curious to check it out," Thomas told Benzinga in an e-mail after his video review was published. "There's still plenty of extravagances, since it's still all you can eat."The restaurant spread out guests and tables to maintain social distancing guidelines.Order What You Want: Wynn buffet servers recommend guests order two or three dishes at a time. But this is a recommendation, and servers would likely "have no problem with a request for a triple portion," Thomas said. He said all of the food was "surprisingly well portioned."Thomas started off with a plate of beef ribs, a portion of prime rib and one of his favorites, turkey with mashed potatoes."The only downside to this new system is basically just waiting now without being able to go up now and get my food," he said in the video.But it "isn't taking too long" for an order to arrive, and the brief period offers an opportunity to glance over the menu and "fantasize about the next course," Thomas said. Other items Thomas enjoyed include lobster ravioli, a slice of pizza, a second portion of beef ribs and prime rib, a calzone, various dessert cakes and ice cream."As long as the Wynn maintains their usual high level of quality, I don't see any fans of this new style turning into haters, and I'm sure any haters who actually give it a try will enjoy it," he told Benzinga.Related Links: Waveseer CEO Calls Las Vegas 'An Ideal Cannabis Marketplace'More Las Vegas Casinos Reopen, Demand 'Still Appears Low' See more from Benzinga * Gianni Di Poce On Chart Patterns You Should Know * Analyst Says Luckin Coffee Looked Like A Fraud From The Beginning * BofA Upgrades Hibbett Sports On Retailer's Pandemic Positioning(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    Remark Holdings (NASDAQ:MARK), an artificial intelligence (AI) and digital media specialist has witnessed a 162% jump in MARK stock year-to-date.Source: Shutterstock The company is in the news for its touch-free equipment, which could help in the detection of coronavirus and limit infection rates. The equipment uses thermal cameras to scan facial temperatures without the need for close contact effectively. Additionally, the company's stake in the potential IPO of an innovative digital health platform in Sharecare has investors buzzing about MARK stock.However, the Remark's growth is not without its fair share of risks. A lot of the risk pertains to the regulatory environment, especially in countries such as China, which severely impacted revenues.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S.-China trade war is another area of concern that is affecting the mobility of capital between the two countries. Additionally, its profitability is a significant concern for the company with its operating margins in the negative for the past decade. * 7 Utility Stocks to Buy Keeping Lights On And Dividends Flowing However, strong demand for AI, effective cost control, and immense future potential make MARK stock a buy. Let's look into some of these aspects in more detail. A Closer Look at MARK StockThere's a lot to cheer about of late if you own shares in Remark. It recently introduced touch-free equipment that utilizes thermal imaging cameras to detect coronavirus and in limiting infection rates. Through integration with AI capabilities, it can perform automated scans almost ten times faster than manual systems.CEO Kai-Shing Tao is delighted by the progress of Remark 's solutions as part of the reopening of the US economy. This is encouraging, but regulatory risks of using such devices on a large scale need to be considered as well.Furthermore, the company's stake in Sharecare is also being touted as another feather in its cap. Sharecare is a digital health company that enables its user to manage their personalized health profiles, which can easily be connected to healthcare professionals and evidence-based programs.The company has a 4.5% stake in Sharecare in a "hot" IPO with television personalities such as Dr. Oz and Oprah Winfrey as investors. Financial HighlightsRemark recently reported its financial results for the year ended December 31, 2019. Overall the results were lackluster, primarily because of the crackdown on Fintech by the Chinese authorities.Revenue for fiscal 2019 was $5.0 million, which is down roughly 51% compared to 2018. This naturally increased the net loss from continuing operations by $3.4 million for the year.However, on a positive note, the company was able to reduce its total costs and expenses from $54.6 million to $27.8 million in 2019. The reduction is mainly attributable to a $12.4 million decrease in stock-based compensation expense and reduced cost of sales attributable to the Fintech sector.Its liquidity position is far from ideal at this point. The cash balance has declined further from an already meager $1.4 million to $0.3 million in 2019. Naturally, its current ratio has declined by 58% in the year.Remark paid off MGG approximately $12.7 million, which is weighed in on its financial flexibility. Going forward, the company must pull up its socks to improve the pristineness of its balance sheet. Revenue Repositioning and FutureThe intense scrutiny on Fintech by the Chinese authorities and its crippling impact on Remark's Fintech revenues has shifted the focus of its efforts on its AI capabilities. The company has won several contracts, a lot of which are in China, which involve the development of Smart retail stores, pharmacy terminal systems, AI biosafety system for African swine flu, and others.One of the core benefits of AI is that it's a software-based product carrying higher gross margins due to the replicability of software. The company is witnessing strong demand for its AI products, some of which are being seen as critical components.For example, its AI-enabled thermal cameras are being used in the United Medical Center for screening patients and in casino businesses such as those operated by Wynn Resorts (NASDAQ:WYNN).Marketing and selling costs are also limited to AI which is only going to expand margins. This is already apparent in the company's gross margin for 2019, which is at 30% improving from -30% in the previous year. Going forward, its AI solutions will be at the heart of its revenue model. Final Word on MARK stockRemark is leveraging its AI competencies to develop solutions that can potentially prove to be game-changers for the company. The company is positioning its efforts towards AI-related technologies after seeing the erosion of its Fintech revenues from China. However, consolidated efforts in that area could help get things back up and running on the Fintech side as well.At the same time, the tensions between the U.S. and China could complicate the regulatory environment and impact the company's products. In protecting itself from the regulatory action from Chinese authorities, the company is performing General Data Protection Regulation (GDPR) audits on its AI solutions.As of this writing, Muslim Farooque did not hold a position in any of the aforementioned securities. 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    [Editor's Note: "Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays" was originally published April 17, 2020. It is regularly updated to include the most relevant information.]Source: Jeffrey J Coleman / Shutterstock.com What's next for Penn National Gaming (NASDAQ:PENN) stock? Shares have skyrocketed from their lows. With casinos reopening after the novel coronavirus shutdowns, investors are betting on a quick rebound. But, who's to say we'll see a V-shaped recovery at the gaming tables?Casino stocks offer high risk, but high potential returns. Yet, Penn National has pulled back after retracing its past high. But even as shares hold steady around $32 per share, there's many reason why shares could dip further.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirstly, the company mostly leases the real estate under its casinos. This may have been a smart financial engineering move. But it leaves them fewer liquidity options relative to peers.Secondly, shares trade at a premium to stronger rivals like Las Vegas Sands (NYSE:LVS) and MGM Resorts (NYSE:MGM). This could make them better plays as casino stocks recover, as might VanEck Vectors Gaming ETF (NASDAQ:BJK), which holds all four names in its 42-stock exchange-traded fund portfolio.Also, the recent uptick in new coronavirus cases could delay how quickly casino revenues bounce back. Given the industry's high fixed costs, even a 20% decline in revenue could mean bad news.In short, it may be better to skip out on this "too hot to touch" regional casino play. Let's dive in, and see why PENN stock isn't your "best bet." Penn National Post-PandemicCan Penn National survive the coronavirus? When the pandemic first hit America, Wall Street's answer was a resounding "no" as shares fell from above $39 in February to as low as $3.75 in March. Yet, with its casinos mostly reopened, shares have bounced back more than eight-fold.Will shares continue to climb? That's debatable. On one hand, 70% of its properties have resumed operations. On the other hand, most states are imposing strict social distancing guidelines. This could mean things won't return to 100% for quite some time.But, there's another big risk specific to PENN stock. The company leases, not owns, most of its properties. In fact, the company was a pioneer in the casino REIT (real estate investment trust) trend.In 2013, the company spun off most of its real estate as the first casino REIT, Gaming and Leisure Properties (NASDAQ:GLPI). This transaction allowed them to realize the underlying value of its property. But while this boosted valuation, it left them exposed to heavy lease liabilities.As our own Matt McCall wrote back in April, Penn National carries $8.5 billion in lease liabilities on its balance sheet. In 2020 alone, the company must make $900 million in lease payments. This wouldn't be a problem in normal times. But, what happens if casinos fail to see a V-shaped recovery? It's easy to see how this company could fall short of Wall Street's sky-high expectations.Yet, enthusiasm over the company's moves into sports wagering have sent shares to a highly frothy valuation. With this in mind, things don't look so hot from a risk/return perspective. Sports Betting Catalyst More Than Priced Into SharesThe recent rally in PENN Stock has made shares richly priced. The company's enterprise value/EBITDA (EV/EBITDA) ratio now stands at 15.1. That's a premium to the EBITDA multiples of Las Vegas Sands (11.2) and MGM (13.1).Why have shares reached such a premium valuation? Chalk it up to the company's sports betting catalyst. As I wrote May 29, the company's investment in Barstool Sports could help boost the prospects for their budding sportsbook operations.By partnering with Barstool, the company can market directly to the podcasting network's sports-obsessed, millennial-aged fan base. In short, a viable means to grab market share from first movers like DraftKings (NASDAQ:DKNG) and Fanduel (OTCMKTS:PDYPY).I agree this makes for a valid bull case for Penn National stock. Yet, this catalyst is more than priced into shares. Even as shares have pulled back from recent highs.In other words, the easy money's already been made with PENN stock. Buying today out of pure FOMO may not be the best move. If tangible results in the next quarter or two don't match up with today's expectations, shares could fall back to lower levels. PENN Stock Is Not Your 'Best Bet'Casino reopenings, along with excitement over the company's sports betting catalyst, have led investors to bid up this gaming company's shares as of late. Should you join in, as the stock trades just below all-time highs?Not so fast! PENN stock has more than priced-in its multiple catalysts. If you want to wager on a rebound, consider other casino stocks out there. But skip this one for now.Thomas Niel, contributor to InvestorPlace, has written single-stock analysis since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Thinking of Buying Penn National Stock? Not So Fast! appeared first on InvestorPlace.

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    The newly minted Roundhill Sports Betting & iGaming ETF (NYSE: BETZ) is already making some adjustments to its roster due to what the issuer deemed "extraordinary demand" for some securities.What Happened: BETZ debuted on June 4 as the first exchange-traded fund dedicated to the rapidly growing sports betting landscape. At that time, it was also the first ETF to offer investors prominent positions in newly public companies in the industry, including DraftKings (NASDAQ: DKNG) and GAN Ltd. (NASDAQ: GAN).Since its debut, BETZ is rapidly gaining a following, vaulting to $70 million in assets under management as of June 12. Said another way, BETZ got to that level in seven trading days, meaning it average inflows of $10 million per day during its first seven days on the market. That's a stellar start for any new ETF, particularly one from an independent issuer.Why It's Important: Amid the enthusiasm for BETZ, some adjustments were made to the fund's lineup. For example, GAN vaulted into the top spot ahead of DraftKings. GAN, a gaming software provider, now accounts for 6.61% of the BETZ lineup, just ahead of DraftKings at 6.50%.The largest percentage increases resulting from the extraordinary rebalance were for sportsbook operators GVC Plc and Kindred Group Plc. Those stocks now combine for 12.64% of the BETZ roster. GVC is the company that partners with MGM Resorts International (NYSE: MGM) on the ROAR Digital betting app.No companies were deleted from BETZ during the rebalance, but weights to smaller, less liquid companies, such as Betmakers, Kami and Australia-listed PointsBet were reduced.See Also: Dave Portnoy Trades And Entertains, But Whitney Tilson Says He's Reminiscent Of The 'Proverbial Shoeshine Boy'What's Next: BETZ also made several new additions, including Gamesys, Swedish mobile gaming firm LeoVegas, NetEnt - another Swedish company - and Wynn Resorts (NASDAQ: WYNN).Wynn joins Boyd Gaming (NYSE: BYD), Caesars Entertainment (NASDAQ: CZR), Eldorado Resorts (NASDAQ: ERI), MGM and Penn National Gaming (NASDAQ: PENN) as the traditional casino operators on the BETZ roster.Of that group, Wynn has the most modest sports betting exposure. Outside of Las Vegas, Wynn will add sports wagering footprints in Colorado and Indiana through a deal with Full House Resorts (NASDAQ: FLL).Wynn could get a big sports gambling lift if Massachusetts, where the company owns Encore Boston Harbor, signs off on sports wagering.Disclosure: The author owns shares of DKNG and GAN.See more from Benzinga * Sports Betting ETF Quickly Finds Fans On Robinhood * You Can Bet On Stocks And Sports With This New iGaming ETF(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    Wall Street was set to drop sharply at the open on Monday as a recent jump in coronavirus cases in China and parts of the United States dashed investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week. United Airlines Holdings Inc, Norwegian Cruise Line Holdings Ltd and Wynn Resorts fell between 5.1% and 10.1% in premarket trading.

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    Q1 2020 Wynn Resorts Ltd Earnings Call

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