Wynn Resorts reports news on luxury casino and resort operations in Las Vegas, Macau and Boston, along with development activity for Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates. Company updates frequently cover quarterly revenue, net income, Adjusted Property EBITDAR, gaming volumes, hotel demand, dividends and share repurchases.
Other recurring announcements describe the hospitality features attached to Wynn properties, including Wynn Nightlife venues, culinary programming, art exhibitions, Forbes Travel Guide awards and guest-experience initiatives. News also includes subsidiary activity at Wynn Macau, Limited and design, construction and operational planning updates for the new integrated resort.
Wynn Las Vegas is set to premiere Awakening on November 7, 2022, offering a ground-breaking entertainment experience. This immersive show, featuring a custom-designed 360-degree theater, is produced by notable figures including Baz Halpin and narrated by Anthony Hopkins. The Awakening Theater accommodates 1,600 guests with state-of-the-art sound and lighting. The production promises an emotional journey with advanced technology and elaborate costumes, aiming to redefine theatrical entertainment in Las Vegas.
Wynn Las Vegas has partnered with TB12, co-founded by Tom Brady and Alex Guerrero, to provide holistic health and wellness services focused on performance and recovery. Starting September 22, 2022, guests can book personalized sessions with TB12 Body Coaches at the Encore Fitness Center. These sessions incorporate the TB12 Method, which emphasizes nutrition, hydration, movement, and mental fitness. This collaboration enhances Wynn's wellness offerings, promoting recovery and injury prevention.
Wynn Resorts reported Q2 2022 revenues of $908.8 million, down $81.3 million year-over-year. The net loss was $130.1 million, or $1.14 per diluted share, slightly improving from the $131.4 million loss in Q2 2021. Adjusted Property EBITDA fell to $179.2 million from $206.9 million. Las Vegas operations saw revenue increase by $206 million, while Macau operations continued to struggle due to COVID restrictions, resulting in losses in both Wynn Palace and Wynn Macau. The company holds $2.01 billion in cash and debt of $11.91 billion.
The Las Vegas Concours d'Elegance, a prestigious automotive event, will take place from October 28 to October 30, 2022, at Wynn Las Vegas. The event features a display of rare automobiles, including a special focus on the Ferrari F40. Highlights include a Gala Dinner, the Concours exhibition on Saturday showcasing over 100 collector cars, a VIP tasting experience, and a motorcade featuring Jay Leno as Grand Marshal. Wynn Las Vegas offers exclusive room packages for attendees, enhancing the luxury experience at the event.
Wynn Las Vegas is launching an exclusive wine dinner series in collaboration with Domain H. William Harlan, featuring three intimate dining experiences. Each event is limited to 20 guests at a price of $10,000 per guest. Guests will enjoy a curated menu paired with iconic wines from Harlan's vineyards, including Harlan Estate, BOND, and Promontory. Each dinner includes a one-night stay in a Wynn Tower Suite. The series starts September 10, 2022, and showcases the culinary talents of Wynn's chefs alongside Harlan's wines.
Wynn Resorts (NASDAQ: WYNN) will announce its financial results for Q2 2022, ending June 30, 2022, after market close on August 9, 2022. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Interested parties can access the call via www.wynnresorts.com or by phone at (888) 455-5965 for domestic calls and (773) 799-3869 for international callers, using access code 3983556. A replay will be available until September 9, 2022.
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Wynn Resorts reported Q1 2022 financial results, showing operating revenues of $953.3 million, a $216.7 million increase from Q1 2021. The net loss was $183.3 million or $1.59 per diluted share, an improvement from the $281.0 million loss in the previous year. Adjusted Property EBITDA rose significantly to $177.6 million from $58.9 million. Las Vegas and Encore Boston Harbor operations thrived, but Macau's performance was hindered by travel restrictions, resulting in decreased revenues in both Wynn Palace and Wynn Macau.