Welcome to our dedicated page for Wynn Resorts news (Ticker: WYNN), a resource for investors and traders seeking the latest updates and insights on Wynn Resorts stock.
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.
The Wynn Golf Club introduces an exclusive golf getaway package for guests on the Las Vegas Strip, available until June 30, 2021. Starting at $595 for weekdays and $675 for weekends, the package includes deluxe accommodations, one round of golf, complimentary room upgrades, and a $100 credit for dining or spa services. Additionally, guests can benefit from a 20% discount on door-to-door shipping of golf clubs through Ship Sticks. The golf course, redesigned by Tom Fazio, features lush landscapes, water features, and a new putting green.
WynnBET, a mobile sports betting app from Wynn Resorts, launched in Indiana on April 1, 2021, marking its entry into the fifth state since its New Jersey debut in July 2020. The app expanded rapidly, with launches in Colorado, Michigan, and Virginia in recent months. WynnBET secured market access in Indiana through a multi-year partnership with Full House Resorts. The app is set for further expansion, with potential access in Iowa, Massachusetts, and other states, pending regulatory approvals.
NASCAR partner WynnBET, the digital gaming division of Wynn Resorts, has launched its mobile app in Virginia following the award of an online sports betting permit. This launch is part of a multi-year partnership with NASCAR to enhance sports betting experiences for fans. Players 21 and older can now access the app, offering a $500 risk-free bet. WynnBET is now one of six licensed operators in Virginia and plans to expand its betting options, including live, in-play betting. This move aims to strengthen engagement among NASCAR fans, especially at iconic venues like Richmond Raceway and Martinsville Speedway.
On March 5, 2021, WynnBET announced that it has received a permit to operate online sports betting in Virginia, marking it the tenth state to launch its mobile app. The WynnBET app will soon be available for registration, enhancing its market access opportunities alongside existing states like New Jersey, Colorado, and Michigan. WynnBET is an Authorized Gaming Operator of NASCAR and aims to provide a world-class betting experience. This expansion in Virginia aligns with Wynn's rapid growth strategy in the online gaming sector.
WynnBET, the mobile app from Wynn Resorts, has announced a multi-year partnership with the Detroit Pistons. This collaboration includes new marketing initiatives aimed at enhancing fan engagement through promotions like Wynn Wednesdays, where app users can win prizes. WynnBET plans in-arena activations to provide VIP experiences, alongside traditional sponsorships across various media platforms. The company has also secured partnerships with other sports franchises and is expanding its market access in several states, enhancing its position in the sports betting industry.
Wynn Resorts has successfully retained all 22 Forbes Travel Guide Five-Star awards for 2021, showcasing its leadership in the hospitality industry. It holds the most FTG Five-Star accolades among independent hotel companies, with Wynn Las Vegas, Encore Las Vegas, and Wynn Palace recognized as the top FTG Five-Star resorts globally. Wynn Macau continues to lead with eight FTG Five-Star awards, achieving this distinction for five consecutive years. The Wynn properties also achieved Sharecare Health Security verification to enhance safety protocols.
WynnBET, the sports betting app from Wynn Resorts, has announced a multi-season marketing partnership with the Memphis Grizzlies, aiming to enhance its presence in the Tennessee sports community. This collaboration will feature a digital-first strategy with integrations across Grizzlies' media platforms and unique fan experiences, including a WynnBET branded lounge at games. Following recent partnerships with NASCAR, WynnBET is expanding rapidly, now operational in New Jersey, Colorado, and Michigan, with further market access opportunities in several states, including Tennessee and Virginia.
WynnBET has received conditional approval to operate its online sports betting app in Tennessee. This marks the ninth state where WynnBET has gained market access, enhancing its growth strategy in the booming online sports betting market. The app offers a user-friendly interface with numerous betting options for both experienced and novice bettors. Currently available in New Jersey, Colorado, and Michigan, WynnBET is also pursuing licenses in additional states, including Virginia. The company aims to expand its market presence further in 2021, backed by Wynn Resorts' reputation for quality service.
Wynn Resorts, Limited (NASDAQ: WYNN) announced a follow-on offering of 6,500,000 shares of common stock at $115.00 per share, increasing the initial offering by 1,000,000 shares. The underwriters have a 30-day option to purchase an additional 975,000 shares. Proceeds will be used for general corporate purposes. The offering is expected to close on February 11, 2021, subject to customary conditions. Deutsche Bank, Goldman Sachs, and BofA Securities are the joint lead managers. An effective shelf registration statement was filed with the SEC on November 6, 2019.
Wynn Resorts (NASDAQ: WYNN) has initiated an underwritten public offering of 5,500,000 shares of common stock, with an option for underwriters to purchase an additional 825,000 shares within 30 days. The proceeds will be allocated for general corporate purposes. Deutsche Bank Securities, Goldman Sachs & Co. LLC, and BofA Securities, Inc. are the joint lead managers for this offering. An effective shelf registration statement was previously filed with the SEC on November 6, 2019. For detailed investment information, potential investors are encouraged to review the prospectus available on the SEC's website.