Wynn Resorts Stock Price, News & Analysis

WynnBET has partnered with the Indianapolis Colts, becoming the team's Proud Sportsbook Partner. This multi-year agreement includes naming the West Club at Lucas Oil Stadium as the WynnBET Club and introducing a VIP area. Colts legend Robert Mathis will act as a brand ambassador. Fan engagement features include tailgate lounges, prize giveaways, and branding across various Colts media platforms. WynnBET will also sponsor the Official Colts Podcast and have a presence in the team’s radio programming. The partnership aims to enhance the experience for Colts fans.

Genius Sports Limited (NYSE:GENI) has expanded its supplier agreement with WynnBET, now an Approved Sportsbook Operator for the NFL. This partnership will include the provision of official NFL data, play-by-play statistics, and fan engagement solutions. It builds on their existing relationship, enhancing WynnBET's offerings with trading solutions and data from international soccer leagues. The deal marks a strategic move to enhance customer engagement across WynnBET's seven operational states, including New Jersey and Michigan.

WynnBET has launched a new advertising campaign featuring Ben Affleck, Shaquille O'Neal, and Melvin Gregg. Directed by Affleck, the campaign showcases the excitement of WynnBET's sportsbook experience at Wynn Las Vegas. The ads will be broadcast on TV and integrated into the WynnBET app and social media. Affleck, a Boston sports fan, also serves as a strategic consultant for WynnBET. The campaign coincides with WynnBET's expansion into new states and the integration of the Wynn Rewards program into its platforms, enhancing its competitive edge.

WynnBET has integrated its comprehensive Wynn Rewards program into its online sports betting and iGaming platforms as of August 19, 2021. This program allows players to earn rewards through mobile and desktop play, as well as on-property experiences at Wynn Resorts. Early adopters will automatically receive tier upgrades ahead of the NFL season. The program features three tiers: Red, Platinum, and Black, with FREE CREDIT and COMP DOLLARS available for redemption. Wynn Rewards will launch in several states by the end of August 2021.

WynnBET has appointed Shaquille O'Neal as its new brand ambassador, enhancing the app's visibility in the competitive mobile sports betting market. As part of this long-term partnership, O'Neal will contribute as a strategic consultant and participate in advertising across various platforms. He will also engage with fans through events and original content. O'Neal's involvement includes launching 'ShaqPot', a Free To Play game in the WynnBET app. To comply with NBA regulations, he will sell his ownership stake in the Sacramento Kings.

Wynn Resorts reported Q2 2021 financials, showcasing operating revenues of $990.1 million, a substantial increase of $904.4 million from Q2 2020. Despite this growth, the net loss narrowed to $131.4 million, or $1.15 per diluted share, compared to $637.6 million in the prior year. Key metrics included an Adjusted Property EBITDA of $206.9 million, significantly improved from $(322.9) million a year ago. The company noted a strong recovery in demand, particularly in Las Vegas and highlighted the ongoing expansion of WynnBET into six states.

Wynn Resorts, Limited (NASDAQ: WYNN) will announce its financial results for the second quarter ending June 30, 2021, on August 4, 2021, post-market close. The results will be discussed in a live conference call at 1:15 p.m. PT (4:15 p.m. ET). Interested parties can listen at www.wynnresorts.com and call in at (888) 455-5965, with international access at (773) 799-3869. A replay of the conference will be available until September 4, 2021, using the same access codes. For further information, visit the company’s website.

On July 28, 2021, WynnBET and CUMULUS MEDIA launched a multi-year partnership, enhancing WynnBET's marketing reach through CUMULUS's platform, which engages over 250 million monthly listeners. This collaboration positions WynnBET as a major advertising partner for CUMULUS MEDIA, facilitating targeted messaging across radio stations and digital platforms. WynnBET will benefit from national exposure and endorsements, contributing to its growth in the rapidly expanding sports betting market. This partnership signals an aggressive strategy to boost user acquisition and brand engagement.

WynnBET and CUMULUS MEDIA have announced a multi-year partnership aimed at enhancing WynnBET's visibility and user engagement. This collaboration enables WynnBET to leverage CUMULUS MEDIA's reach, which engages over 250 million listeners monthly. The partnership includes national advertising on prominent programming and local promotions across CUMULUS radio stations. Additionally, advanced targeting technology will allow customized messaging to diverse markets. This move is positioned to strengthen WynnBET's brand presence in the rapidly growing sports betting sector.