Wynn Resorts Stock Price, News & Analysis
Company Description
Wynn Resorts, Limited (NASDAQ: WYNN) is a casino hotel and luxury hospitality company in the accommodation and food services sector. According to company disclosures, it is part of the S&P 500 Index and its shares trade on the Nasdaq Global Select Market under the ticker symbol WYNN. The company focuses on large-scale integrated resorts that combine gaming, hotel, dining, entertainment, retail, and convention amenities.
Core properties and operations
Wynn Resorts states that it owns and operates Wynn Las Vegas, Wynn Mayfair in London, and operates Encore Boston Harbor. It is also the majority shareholder of Wynn Macau, Limited, which is listed on the Hong Kong Stock Exchange and includes Wynn Macau and Wynn Palace in Cotai. In addition, the company, together with equity partners, is constructing Wynn Al Marjan Island, an integrated resort in Ras Al Khaimah in the United Arab Emirates.
Wynn and Encore Las Vegas consist of two luxury hotel towers with a total of 4,748 hotel rooms, suites, and villas. The resort includes 22 dining experiences, 10 bars, two spas, meeting and convention space, shopping esplanades, two showrooms, two nightclubs, a beach club, and the Wynn Golf Club, an 18-hole championship golf course. These facilities illustrate the company’s focus on combining casino operations with extensive non-gaming amenities.
Encore Boston Harbor, which Wynn Resorts operates, is described as a luxury resort destination with 671 hotel rooms and suites, an ultra-premium spa, fourteen dining and lounge venues, a nightclub, and ballroom and meeting spaces. It is situated on the waterfront along the Mystic River in Everett, Massachusetts, and features a public park and Harborwalk.
Macau integrated resorts
Through its majority interest in Wynn Macau, Limited, Wynn Resorts is active in the Macau Special Administrative Region of the People’s Republic of China. Wynn Macau is a luxury hotel and casino resort with two hotel towers totaling 1,010 rooms, meeting and convention space, a shopping esplanade, two spas, a salon, and public entertainment experiences. Wynn Palace, located in Cotai, is described as a floral-themed luxury resort with 1,706 rooms, suites, and villas, 14 food and beverage outlets, meeting and convention space, boutique shopping, SkyCabs that traverse an eight-acre Performance Lake, an art collection, and wellness facilities.
Company financial reports segment results by property, including Wynn Palace, Wynn Macau, Las Vegas operations, and Encore Boston Harbor. These reports discuss casino revenues, rooms, food and beverage, and entertainment, retail and other categories, reflecting the integrated nature of the business model across gaming and non-gaming offerings.
International expansion and Wynn Al Marjan Island
Wynn Resorts highlights expansion beyond North America and Macau. The company notes an expansion into Europe through the acquisition and integration of Wynn Mayfair in London, described as a historic private members’ club in the Mayfair district that blends gaming and dining in an exclusive environment. The club features popular table games such as Baccarat, Blackjack, and American Roulette in private salons, along with fine dining, cocktails, and social spaces including a rooftop terrace.
In the Middle East, Wynn Resorts is developing Wynn Al Marjan Island in Ras Al Khaimah, UAE, through a joint venture. Company communications describe Wynn Al Marjan Island as the first integrated resort in the UAE, expected to offer 1,530 rooms and suites, 22 restaurants, lounges, and bars, a theater, a nightclub, and a beach club. Plans include multiple pools, a spa and salon, a shopping promenade, and a celebrations and events center. Additional details released by the company describe an upper-tier product called Enclave within Wynn Al Marjan Island, with suites located on the upper levels of the tower, a private entry, dedicated restaurant and lounge spaces, and a private pool and beach setting.
Las Vegas entertainment and events
At Wynn Las Vegas, the company features large-scale entertainment and culinary programming. One example is Awakening, described as an 80-minute spectacle that combines choreography, puppetry, acrobatics, and technology in a 360-degree theater with a glass stage and custom LED visuals. The show is positioned as a core entertainment offering at the resort.
Wynn Las Vegas also hosts events such as the Revelry culinary festival, which brings together chefs, vintners, and mixologists for tastings, collaboration dinners, and classes. Company materials describe this event as involving culinary teams from Wynn Las Vegas, Wynn Al Marjan Island, Wynn Macau, and Wynn Palace, underscoring how Wynn uses its global resort network in its programming.
Corporate structure and capital markets activity
Wynn Resorts is incorporated in Nevada and files reports with the U.S. Securities and Exchange Commission. Recent Form 8-K filings describe quarterly financial results, cash dividends declared by the board of directors, and financing transactions. For example, filings detail offerings of senior notes by Wynn Macau, Limited, amendments to revolving credit facilities, and the use of proceeds for general corporate purposes and debt repayment. The company also reports on equity repurchase activity and available borrowing capacity under its credit facilities.
Through these filings, Wynn Resorts provides information on operating revenues by property, measures such as Adjusted Property EBITDAR, and the composition of debt across Macau-related borrowings, Wynn Las Vegas debt, and other obligations. The company explains that Adjusted Property EBITDAR is used internally to evaluate property performance and by some investors to assess operating performance and debt service capacity.
Management and governance developments
Company announcements also cover leadership changes. Wynn Resorts has disclosed that its Chief Financial Officer plans to retire and that a successor, who has been serving as Chief Financial Officer and Chief Administrative Officer of its Macau operations and Wynn Macau, Limited, will assume the CFO role. The company notes that the outgoing CFO played a role in the expansion into Europe through Wynn Mayfair and in securing financing for Wynn Al Marjan Island.
Business model characteristics
Across its portfolio, Wynn Resorts emphasizes luxury positioning, integrated casino and resort offerings, and a mix of gaming and non-gaming revenue streams. Its properties typically combine casino space with hotel accommodations, dining, entertainment, retail, spa, and meeting and convention facilities. The company’s disclosures indicate a reliance on a limited number of large resorts and reference factors such as gaming licenses, tourism trends, and macroeconomic conditions as relevant to its operations.
FAQs about Wynn Resorts (WYNN)
- What does Wynn Resorts, Limited do?
Wynn Resorts, Limited develops, owns, and operates luxury casino hotels and integrated resorts. Its properties combine gaming with hotel rooms, dining, entertainment, retail, spa, and meeting and convention facilities. - Where are Wynn Resorts’ main properties located?
According to company disclosures, Wynn Resorts owns and operates Wynn Las Vegas in Nevada, Wynn Mayfair in London, and operates Encore Boston Harbor in Massachusetts. Through its majority interest in Wynn Macau, Limited, it is associated with Wynn Macau and Wynn Palace in Macau. It is also developing Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates. - On which stock exchange is WYNN traded?
Wynn Resorts, Limited states that its common stock is traded on the Nasdaq Global Select Market under the ticker symbol WYNN. The company is also identified as a member of the S&P 500 Index. - What is Wynn Macau, Limited and how is it related to Wynn Resorts?
Wynn Macau, Limited is an indirect subsidiary of Wynn Resorts, Limited with ordinary shares listed on The Stock Exchange of Hong Kong Limited. Wynn Resorts reports that it owns approximately 72% of Wynn Macau, Limited’s ordinary shares and that Wynn Macau, Limited includes the Wynn Macau and Wynn Palace properties. - What is Wynn Al Marjan Island?
Wynn Al Marjan Island is an integrated resort under construction in Ras Al Khaimah in the United Arab Emirates. Company communications describe it as the first integrated resort in the UAE, planned to feature hotel rooms and suites, restaurants, lounges and bars, a theater, nightlife venues, pools, a spa and salon, a shopping promenade, and event space. - How does Wynn Resorts describe its Las Vegas operations?
Wynn and Encore Las Vegas are described as two luxury hotel towers with 4,748 rooms, suites, and villas, casino space, 22 dining experiences, 10 bars, two spas, meeting and convention space, retail space, showrooms, nightclubs, a beach club, and the Wynn Golf Club. - What type of financial information does Wynn Resorts provide in SEC filings?
In its SEC filings, including Forms 8-K, Wynn Resorts provides operating revenues by property and segment, net income, Adjusted Property EBITDAR, and details on debt, credit facilities, and capital markets transactions. The company also discloses dividends, equity repurchases, and information about non-GAAP measures it uses to evaluate performance. - Is Wynn Resorts expanding internationally?
Yes. Company announcements reference expansion into Europe through Wynn Mayfair in London and into the Middle East through the Wynn Al Marjan Island project in the UAE. Wynn Resorts also highlights collaborations and events that involve culinary and hospitality teams from its properties in Las Vegas, Macau, and the planned UAE resort.