US Market News
3月前
WYNN NIGHTLIFE EMBRACES "THE YEAR OF EXCESS" WITH CINEMATIC SHORT FILM FEATURING TOP DJSMarch 19, 2026 3:00 PM
PR Newswire (US)
Calvin Harris, The Chainsmokers, Marshmello, Diplo, Mau P, Hugel, Kaskade, ODESZA (DJ Set), SOFI TUKKER and More Alongside Hollywood Actor Rob Riggle*To download the video, click here.LAS VEGAS, March 19, 2026 /PRNewswire/ -- Wynn Nightlife, Wynn Las Vegas' premier nightlife brand, releases "The Year of Excess," a cinematic short film conceived and produced entirely in-house. The film is an unfiltered embrace of the glamour, mayhem, and liveliness that makes Las Vegas legendary.
Narrated by Hollywood actor Rob Riggle, the film features 14 of the world's most sought after DJs inhabiting a world of indulgence across Wynn and Encore Las Vegas—alpacas on the golf course, workouts scaling the iconic rooftop, to champagne painted graffiti by an acclaimed artist, bath side caviar, and beyond. The short film features artists including Calvin Harris, The Chainsmokers, Marshmello, Diplo, Mau P, Hugel, Kaskade, ODESZA (DJ Set), SOFI TUKKER and many more.The film emerges from a six month-long creative vision cultivated by the Wynn Nightlife creative marketing team. Conceptualized by Emilio Gonzales and Alex Schenberg, the work challenged the traditional residency announcement, elevating it into an innovative cinematic moment. "The Year of Excess" is the most expansive and daring expression of the philosophy — a world where glamour runs unchecked, ambition is amplified, and every moment feels larger than life."Wynn Nightlife has always believed that great entertainment speaks for itself. "The Year of Excess" is the purest expression of that belief, as a visual piece that celebrates our artists, our venues, and the city of Las Vegas," said Ryan Jones, Senior Vice President of Wynn Nightlife. "Whether it brings people through our doors or simply reminds them why Las Vegas is unlike anywhere else in the world, that's a win for all of us."Each artist scene channels the extravagance, vibrancy, and unapologetic energy that define Las Vegas at its most iconic, closing with the line, "Now go and be FABULOUS" a nod to the city's official tagline and a tribute to XS Nightclub, whose influence has defined the nightlife scene and continues to echo as it steps into its next chapter."Following the launch of the cinematic piece, we hope "The Year of Excess" creates a feeling; One that honors its venues, the artists who define them, the city that inspires everything and an invitation to experience what comes next," said Alex Schenberg, Creative Marketing of Wynn Nightlife.ABOUT WYNN NIGHTLIFE
Wynn Nightlife consists of the award-winning dayclub and nightclubs at Wynn Las Vegas, the recipient of more Forbes Travel Guide Five-Star Awards than any other independent hotel company in the world. The resort is home to the Las Vegas Strip's most luxurious nightlife venues, XS and Encore Beach Club at Night, as well as the acclaimed dayclub, Encore Beach Club. Recently added to the portfolio, Wynn Field Club at Allegiant Stadium offers guests the first of its kind in stadium entertainment. Combined, the venues feature a roster of today's most in-demand artists.ABOUT WYNN LAS VEGAS
Wynn Resorts (Nasdaq: WYNN) is the recipient of more Forbes Travel Guide Five Star Awards than any other independent hotel company in the world and in 2025 was once again honored on FORTUNE Magazine's World's Most Admired Companies list. Wynn and Encore Las Vegas have two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas. The resort features approximately 196,000 square feet of casino space, 22 signature dining experiences, 10 bars, two award-winning spas, approximately 560,000 rentable square feet of meeting and convention space, approximately 174,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course. For more information on Wynn and Encore Las Vegas, visit newsroom.wynnresorts.com. MEDIA CONTACT
Krystle Anttonelli
Wynn Nightlife
Krystle.anttonelli@wynnlasvegas.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/wynn-nightlife-embraces-the-year-of-excess-with-cinematic-short-film-featuring-top-djs-302719158.htmlSOURCE Wynn Las Vegas
Original: WYNN NIGHTLIFE EMBRACES "THE YEAR OF EXCESS" WITH CINEMATIC SHORT FILM FEATURING TOP DJS
US Market News
3月前
Wynn Las Vegas Debuts Art Collaboration at Zero Bond Las VegasMarch 11, 2026 1:30 PM
PR Newswire (US)
The collection curated exclusively for the resort by Heather James will debut for Zero Bond membersLAS VEGAS, March 11, 2026 /PRNewswire/ -- Wynn Las Vegas (Nasdaq: WYNN) launches the opening art exhibition for Zero Bond, the exclusive private members club, curated through a collaboration with Heather James. The exhibition conceived in collaboration with Wynn Design & Development's President and Chief Creative Officer, Todd-Avery Lenahan, spans masters across movements and centuries, and signifies one of the most diverse collections of fine art assembled for a single-site exhibition in Las Vegas. Items on display will vary over time, and feature masterpieces from the Impressionist period and first quarter of the 20th century, alongside post-war, pop art, and contemporary artworks, as well as Asian antiquities from A.D. 500 through the 10th century.
"Bringing this remarkable collection to Zero Bond at Wynn Las Vegas is not only a milestone achievement, but also a testament to Wynn's commitment to fostering artistic expression," said Todd-Avery Lenahan, President and Chief Creative Officer of Wynn Design & Development. "This program is intended to inspire and engage through the compelling power of art."The exhibition is thoughtfully arranged throughout the 15,000 square-foot space and showcases consignments from a variety of artists, including: Ansel Adams, John Baldessari, Thomas Hart Benton, Toby Burrows, Alexander Calder, Sir Winston Churchill, Camille Claudel, Richard Diebenkorn, Lynne Mapp Drexler, Robert Henri, Marie Felix Hippolyte-Lucas, Hans Hofmann, Winslow Homer, Saul Kaminer, Andre Kertesz, Amedeo Modigliani, Jorge Pardo, Max Pellegrini, Pierre-Auguste Renoir, George Rickey, and Andrew Wyeth.In addition, there are Japanese and Chinese antiquities on display from various eras, such as the Tang Dynasty and Meiji period. Zero Bond at Wynn Las Vegas also has an outdoor sculpture garden overlooking Wynn Golf Club that features monumental works by Herb Alpert, Jim Dine, Jeppe Hein, Joan Miró, and Robert Indiana. All pieces from the debut collection are available for purchase through Heather James."This collaboration reflects what Zero Bond stands for at its core, thoughtful curation, cultural relevance, and meaningful connection," said Scott Sartiano, Founder of Zero Bond. "Bringing a collection of this caliber to Wynn Las Vegas gives our members and guests the rare opportunity to experience extraordinary works up close. It is about creating an environment where art is integrated into the setting and becomes part of the overall experience."For more than 30 years, Heather James has offered the world a look at important works from a cross-section of periods, movements, and genres through its global network and gallery locations.More information on Heather James is available at heatherjames.com, while more information on Zero Bond at Wynn Las Vegas is available at zerobondwynn.com.ABOUT WYNN LAS VEGAS
Wynn Resorts has the longest-running Forbes Travel Guide Five-Star Awards of all independent hotel companies in the world, and in 2026 was once again honored on FORTUNE Magazine's World's Most Admired Companies list. Wynn and Encore Las Vegas have two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas. The resort features approximately 196,000 square feet of casino space, 21 signature dining experiences, 10 bars, two award-winning spas, approximately 560,000 rentable square feet of meeting and convention space, approximately 174,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course. For more information on Wynn and Encore Las Vegas, visit newsroom.wynnresorts.com. ABOUT BOND HOSPITALITY
BOND Hospitality is a lifestyle hospitality company based in New York City. Founded in 2017 by Scott Sartiano, BOND Hospitality has evolved from operating private members-only space in lower Manhattan, Zero Bond, into a nationwide portfolio of restaurants and culinary service at the most premier locations in each city, including: Zero Bond, Broken Coconut, Rose Lane, Darling Rooftop, SARTIANO'S, The Mercer Hotel, and The Newbury Hotel Boston. BOND Hospitality has pioneered a design-forward approach to hospitality, with consciously designed venues that give space to ingenuity, creativity and innovation.ABOUT ZERO BOND
Founded in the heart of NoHo, Zero Bond members-only urban lodge and social workspace occupying 20,000-square-feet over multiple floors. The property features a curated constellation of experiences including world-class dining, luxurious personal care services and the opportunity to socialize with like-minded community members. Dating back to 1818, Zero Bond has had a rich history from a humble farm to an unashamedly grand Victorian Gothic mansion. Zero Bond will be embellished with a bounty of arches flooding the space with natural light. Each space is designed to bathe members in understated elegance. Zero Bond is a home for the questioners, challengers and lovers of life's possibilities for whom the member's club experience has been re-imaged.ABOUT HEATHER JAMES
For 30 years, Heather James Fine Art has presented exceptional works spanning Impressionism, Modernism, Postwar, and Contemporary art, and more across periods and movements. With galleries and consultancies across the United States, Heather James brings together paintings, sculpture, and works on paper in thoughtfully curated exhibitions that foster dialogue and invite deeper engagement.The gallery works closely with private collectors and institutions worldwide, offering advisory services that include acquisitions, consignments, valuations, and collection guidance. Grounded in connoisseurship, passion, and discretion, Heather James builds enduring relationships centered on the careful placement and long-term stewardship of significant works of art.MEDIA CONTACTS
Wynn Las Vegas
Jordan Massanari
jordan.massanari@wynnlasvegas.comZero Bond at Wynn Las Vegas
SHADOW
zerobond@weareshadow.comHeather James
Chip Tom
chip@heatherjames.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/wynn-las-vegas-debuts-art-collaboration-at-zero-bond-las-vegas-302711309.htmlSOURCE Wynn Las Vegas
Original: Wynn Las Vegas Debuts Art Collaboration at Zero Bond Las Vegas
US Market News
3月前
Wynn Resorts Issues Update on Wynn Al Marjan IslandMarch 11, 2026 9:04 AM
PR Newswire (US)
LAS VEGAS, March 11, 2026 /PRNewswire/ -- Wynn Resorts (Nasdaq: WYNN) offered an update, current as of time of issue, on Wynn Al Marjan Island, its resort under development in Ras Al Khaimah, in the United Arab Emirates (UAE).
The Company continues to be in regular communication with the governments of the United States and Ras Al Khaimah, UAE, so that we can make informed decisions. The Company believes the broad defense posture of the UAE has worked extremely well, and we have confidence in the UAE's ability to keep its population safe.We note that for broad segments of the local population, business continues to follow normal patterns. Our project construction has resumed following a short pause. Steps have been taken to ensure the safety and security of all employees working on site.The Wynn Design and Development team overseeing the construction, architecture, and design of project, and the resort executive team leading operational strategy and planning, have been able to continue their work in a consistent manner. Wynn employees have been offered the opportunity to work from abroad, if their home embassy recommends they do so. We will continue to closely monitor the situation; any additional impacts on the project will be assessed in due course.The Company thanks its employees and the construction teams in the UAE for their truly remarkable commitment and professionalism during this extraordinary time.Wynn Resorts, Limited
Lauren Seiler, Vice President – Investor Relations
702-770-7555
investorrelations@wynnresorts.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/wynn-resorts-issues-update-on-wynn-al-marjan-island-302711028.htmlSOURCE Wynn Resorts, Limited
Original: Wynn Resorts Issues Update on Wynn Al Marjan Island
US Market News
4月前
Wynn Resorts Recognized on FORTUNE Magazine’s World’s Most Admired Companies List for 18th Consecutive YearFebruary 4, 2026 1:00 PM
Business Wire
The Company also received first in its category for Quality of Products and Services
Wynn Resorts has once again been named to FORTUNE Magazine’s World’s Most Admired Companies list, continuing to lead the Hotels, Casinos & Resorts category as the highest-ranked casino resort company. This year, the Company moved up to third overall and ranked first for Quality of Products/Services and People Management. The Company also received among the highest marks in the areas of Innovation and Quality of Management.
“This acknowledgement, and the top ranking in quality, reflects the diligence, passion, and dedication of our team members across the globe,” said Craig S. Billings, CEO of Wynn Resorts. “It is an honor to again be included on this prestigious list, and I am proud of our team’s commitment to providing the outstanding service that sets us apart and defines the Wynn experience.”
Wynn Resorts is recognized globally for its commitment to excellence. From thoughtfully curated events to world-class hospitality, the Company continues to deliver exceptional experiences for its guests.
In partnership with Korn Ferry, FORTUNE compiles the World’s Most Admired Companies list by surveying top industry executives, directors, and analysts. Companies are evaluated across nine criteria, including investment value, quality of management and products, social responsibility, and ability to attract talent. Only companies ranking in the top half of their industry are included in the list.
For more information on methodology and to view the full rankings, visit https://fortune.com/ranking/worlds-most-admired-companies/.
ABOUT WYNN RESORTS
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Wynn Macau (wynnmacau.com), Wynn Palace, Cotai (wynnpalace.com), and operates Encore Boston Harbor (encorebostonharbor.com). The Company is constructing an Integrated Resort in Ras Al Khaimah, United Arab Emirates, set to open in 2027.
Wynn and Encore Las Vegas consist of two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites, and villas. The resort features approximately 194,000 square feet of casino space, 20 signature dining experiences, 14 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 177,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course
Encore Boston Harbor is a luxury resort destination featuring a 210,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 14 dining and lounge venues, a nightclub and approximately 71,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created a six-acre public park and Harborwalk along the shoreline. It is the largest private, single-phase development in the history of the Commonwealth of Massachusetts.
Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People's Republic of China with two luxury hotel towers with a total of 1,010 spacious rooms and suites, approximately 294,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 64,300 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 468,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities.
Wynn Al Marjan Island will be the first integrated resort in the United Arab Emirates. Set to open in 2027, the resort will be located 50 minutes from the Dubai International Airport in the emirate of Ras Al Khaimah. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding, creating a new category of luxury in the region. The resort will offer 1,542 rooms and well-appointed suites, as well as 22 restaurants, lounges, and bars, a theater, a nightclub, and a beach club adjacent to the Arabian Gulf. In addition, Wynn Al Marjan Island will feature multiple swimming and wading pools, water features, private cabanas, and tropical landscaping, a five-star spa, and a salon. The resort will also include a 15,000-square-meter shopping promenade filled with the world’s top luxury boutiques, and a 7,500-square-meter meetings and events center.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260204781549/en/
PRESS CONTACT
Kelly Garcia
702-770-3738
kelly.garcia@wynnlasvegas.com
Original: Wynn Resorts Recognized on FORTUNE Magazine’s World’s Most Admired Companies List for 18th Consecutive Year
detearing
10月前
Wynn Resorts Limited (WYNN) stock has been experiencing an upward trend due to several factors, primarily driven by positive developments in the gaming industry and strategic company initiatives. Key drivers include a surge in Macau's gaming revenue, strong performance in Nevada and the Las Vegas Strip, positive analyst sentiment, and the company's strategic investments and shareholder return programs. [1] [2] [3]
According to www.iAsk.Ai - Ask AI:
Macau's gaming bureau reported a 19% increase in gross revenue from games of fortune in July, significantly benefiting companies with a strong presence in the region like Wynn Resorts.[1] [3] [4] This surge in Macau's gaming revenue has been a major catalyst, signaling a robust recovery in the world's largest gambling hub.[3] Additionally, Nevada announced remarkable gaming wins for June, with statewide income climbing by 3.53% and the Las Vegas Strip also seeing a rise, further contributing to Wynn's positive outlook.[1] [4]
Despite Q2 earnings per share being slightly off consensus, Wynn showed robust growth in Las Vegas, maintaining a solid market presence in Macau, and continuing investments in various properties.[1] [4] Analysts from firms like Stifel and Deutsche Bank have adjusted their price targets upwards, reinforcing confidence in Wynn's future performance.[1] [4] The company's financial metrics, such as an EBITDA margin of 26.6%, indicate strong profitability and cash flow.[1] Wynn's strategic investments, including the ambitious Wynn Al Marjan Island project in the United Arab Emirates, and its active stock buyback and dividend strategies, demonstrate a commitment to future growth and returning value to shareholders, further bolstering investor sentiment.[1] [4] [5]
Authoritative Sources
Wynn Resorts Limited (WYNN) News. [stockstotrade.com]↩
Why Wynn Resorts Stock Moved. [trefis.com]↩
Why Wynn Resorts (WYNN) Shares Jumped Today. [finance.yahoo.com]↩
Wynn Resorts Limited (WYNN) News. [stockstotrade.com]↩
Wynn Resorts stock price poised for more upside — here’s why. [invezz.com]↩
detearing
1年前
Here's an analysis of how Donald Trump could potentially assist Steve Wynn, considering their past relationship and the political landscape:
Step-by-step explanation:
Public Endorsement: Trump could publicly endorse Wynn's return to the gaming industry. Such an endorsement could carry significant weight, especially with Trump's supporters and within the Republican Party, potentially influencing public opinion and the decisions of regulatory bodies.
Political Influence: While Trump is no longer in office, he remains a powerful figure in the Republican Party. He could use his influence to lobby Nevada officials, including Governor Lombardo, to support Wynn's reinstatement. This could involve direct communication or indirect pressure through allies and supporters.
Legal and Regulatory Advocacy: Although Trump's direct influence on Nevada's legal and regulatory processes is limited, he could use his platform to advocate for changes in the state's gaming regulations or to publicly criticize any obstacles to Wynn's return. This could create a favorable environment for Wynn.
Financial Support: Trump could provide financial support to Wynn, either directly or indirectly, through investments or endorsements of Wynn's ventures. This could help Wynn regain a foothold in the industry and demonstrate confidence in his return.
Networking and Connections: Trump could leverage his extensive network of contacts in the business and political worlds to connect Wynn with potential investors, partners, and influential individuals who could assist in his comeback.
Acknowledge the relationship: Steve Wynn has a history of donating to Donald Trump.
Assess Trump's influence: Trump remains a significant figure in the Republican Party and has a strong following.
Identify potential actions: Trump could use his public platform, political influence, and network to assist Wynn.
Consider the impact: These actions could influence public opinion, regulatory decisions, and financial support for Wynn.
In summary, Trump could assist Steve Wynn through public endorsements, political lobbying, advocacy for regulatory changes, financial support, and leveraging his network of contacts.
Here's an analysis of how Donald Trump could potentially assist Steve Wynn, and the role of Tilman Fertitta in such a scenario.
Potential Ways Trump Could Help Steve Wynn
Tilman Fertitta's Potential Role
Political Influence: Donald Trump, as a former President, still wields significant political influence, particularly within the Republican Party. He could use this influence to advocate for Wynn's reinstatement with Nevada officials, including Governor Lombardo.
Public Endorsement: A public endorsement from Trump could sway public opinion and potentially pressure regulators to reconsider Wynn's status. Trump's support could signal to the Nevada Gaming Commission that a favorable decision would be viewed positively by a powerful figure.
Networking and Connections: Trump has extensive connections within the business and political worlds. He could leverage these relationships to facilitate discussions, negotiations, or agreements that would benefit Wynn.
Legal and Regulatory Advocacy: While Trump's direct legal influence is limited, he could use his platform to criticize or question the fairness of Wynn's past treatment, potentially creating pressure for a reevaluation of the situation.
Step-by-step explanation
Business Relationship: Tilman Fertitta is a prominent businessman and owner of Landry's, Inc., and the Golden Nugget casinos. He has a history of business dealings and relationships within the gaming industry.
Industry Influence: Fertitta's position in the gaming industry could allow him to act as a mediator or advocate for Wynn. He could lobby on Wynn's behalf, leveraging his own relationships with regulators and industry leaders.
Financial Support: Fertitta could potentially provide financial support or investment to Wynn, which could strengthen Wynn's position and make his return to the industry more viable.
Shared Interests: Fertitta and Wynn share a common interest in the success of the gaming industry. Fertitta might see Wynn's return as beneficial to the industry as a whole, and therefore support his efforts.
Identify the Key Players: Donald Trump, Steve Wynn, Tilman Fertitta, Nevada Gaming Commission, and Governor Lombardo.
Assess Trump's Motivations: Political influence, public endorsement, networking, and legal advocacy.
Evaluate Fertitta's Potential Role: Business relationships, industry influence, financial support, and shared interests.
Consider the Regulatory Environment: The Nevada Gaming Commission's role in regulating the industry and the potential for political influence to affect their decisions.
Synthesize the Information: Trump could use his political influence and connections to support Wynn's return, while Fertitta could act as an industry advocate and potentially provide financial or business support.
In summary, Donald Trump could assist Steve Wynn through political influence, public endorsement, and leveraging his network. Tilman Fertitta, with his industry connections and business interests, could potentially support the process through advocacy, mediation, or financial backing.
detearing
1年前
Here's an analysis of the possibility of Tilman Fertitta buying out Wynn Resorts at $110 per share, based on available information.
Potential for a Wynn Resorts Buyout by Tilman Fertitta
Financial Considerations
Tilman Fertitta, as the largest individual shareholder of Wynn Resorts, has the potential to initiate a buyout. However, several factors would influence the feasibility of such a move, including financial capacity, regulatory hurdles, and the willingness of other shareholders.
Regulatory and Legal Aspects
Fertitta's ability to finance a buyout at $110 per share would be a primary determinant. This would involve assessing the total cost of acquiring all outstanding shares, considering Wynn Resorts' current market capitalization, and determining the availability of funding through debt, equity, or a combination of both.
The willingness of other shareholders to accept a $110 per share offer would be crucial. Institutional investors, who often hold significant stakes in publicly traded companies, would likely evaluate the offer based on their investment objectives and the perceived value of Wynn Resorts.
Shareholder Dynamics
A buyout of Wynn Resorts would be subject to regulatory approvals in various jurisdictions where Wynn operates, particularly in the gaming industry. These approvals could involve extensive due diligence and scrutiny of Fertitta's financial resources, business practices, and suitability to operate casinos.
Fertitta's Strategy and Intentions
The prevailing market conditions and the valuation of Wynn Resorts at the time of a potential offer would also play a role. Factors such as Wynn's financial performance, growth prospects, and the overall sentiment in the gaming industry would influence the attractiveness of the offer.
Market Conditions and Valuation
Conclusion
While Fertitta has increased his stake in Wynn Resorts, his long-term strategy and intentions remain subject to speculation. Whether he is primarily a passive investor or has more ambitious plans, such as a potential takeover, is a key factor.
Based on the available information, it is possible, but not guaranteed, that Tilman Fertitta could attempt to buy out Wynn Resorts at $110 per share. The feasibility of such a move would depend on financial capacity, regulatory approvals, shareholder dynamics, market conditions, and Fertitta's strategic intentions.
DiscoverGold
3年前
Casino Stock Wynn Resorts (WYNN) Blitzed by Bear Notes After Earnings
By: Schaeffer's Investment Research | November 10, 2023
• No fewer than five analysts slashed their price targets on WYNN
• Wynn Resorts' Macau figures overshadowed a top-line beat for the third quarter
Casino stock Wynn Resorts, Limited (NASDAQ:WYNN) is down 8.6% to trade at $82.83, on track for its worst single-session drop since October 2022. While the company reported third-quarter earnings and revenue that topped expectations, analysts were more concerned about Wynn's Macau properties, which missed revenue estimates amid market headwinds in Asia. WYNN saw no fewer than five price-target cuts in response, with the lowest coming from Jefferies to $91 from $104.
Wynn Resorts stock is trading at its lowest level this year and is on track for its fourth-straight loss, as well as a fourth weekly drop in the last five. To boot, the security breached its year-to-date breakeven level today.
Drilling down to today's options activity, 15,000 calls and 17,000 puts have exchanged hands, volume that is 20 times the intraday average amount. Most popular is the January 2024 75-srike put, where new positions are being bought to open.
At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), WYNN sports a 50-day put/call volume ratio of 0.67 that ranks higher than 81% of annual readings. This means that while calls still outnumber puts on an absolute basis, the high percentile suggests traders have been more bearish than usual.
Read Full Story »»»
DiscoverGold
DiscoverGold
3年前
Options Traders Dancing to Wynn Resorts (WYNN) Stock's Bullish Beat
By: Schaeffer's Investment Research | August 10, 2023
• Wynn's Las Vegas and Macau properties drove a second-quarter top-line beat
• A short squeeze could help WYNN overcome short-term chart pressure
Wynn Resorts, Limited (NASDAQ:WYNN) is up 3.5% to trade at $105.11 at last check, after the casino giant reported better-than-expected second-quarter earnings and revenue. The company credited the strong results to its Las Vegas and Macau properties, which saw growing hotel bookings, gaming, and dining. In response, Jefferies and Citigroup lifted their price targets on WYNN to $118 and $132.50, respectively.
Despite the positive price action, the equity is yet to overcome recent pressure from the 40-day moving average, which emerged earlier this month. The $112 region also lingers above as a long-term ceiling, but year-to-date Wynn Resorts stock sports a healthy 28.2% lead.
Short sellers are hitting the exits, with short interest down 13.7% over the last two reporting periods. The 5.69 million shares sold short still make up 5.9% of the equity's available float, though, meaning there is still some pessimism left to unwind.
The options pits show a more bullish beat. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day call/put volume ratio of 2.90 sits higher than 99% of readings from the past 12 months. This means long calls have been picked up at a much quicker-than-usual clip.
Drilling down to today's options activity, 10,000 calls and 5,703 puts have been exchanged, which is six times the intraday average volume. Most popular is the weekly 8/11 105-strike call.
Read Full Story »»»
DiscoverGold
DiscoverGold
3年前
Wynn Resorts: Is Now a Good Time to Trade the Stock?
By: Jayanthi Gopalakrishnan | June 22, 2023
When the stock market trends higher, it doesn't necessarily mean all stocks are moving higher. This is why it's necessary to have a method to filter through the day's market action and select stocks or securities to trade that have the potential for a decent return. And since each trader is different and each trading day is different, it's a good idea to develop various scans that identify securities to trade.
Once you've developed your scans, it's good to get in the habit of running a few of them every day. This can be for several reasons—are your scans still working the way they were designed? Are you getting very few results or too many results? Each day you run the scan, it produces different results, some of which may raise eyebrows. For example, on June 21, one of the stocks that came up in the StockCharts Technical Rank (SCTR) scan was Wynn Resorts Ltd. (WYNN).
During the pandemic, casino stocks suffered, and those with exposure to Macau felt the pain for an even longer period. With China reopening, you'd expect casino stocks like WYNN to recover. But the general thought is that the recovery was priced in, and the stock is due for a pullback.
Earlier this month, Wynn was downgraded by a couple of analysts. So when the stock was one that popped up in the SCTR scan results list, it's worth focusing on the stock and analyzing it more closely.
The Big Picture: Analyzing the Leisure Industry
It may be worth doing a top-down analysis for WYNN stock. Let's start by looking at the hotel, restaurant, and leisure industry by analyzing the S&P 500 Hotels, Restaurants & Leisure Industry index ($GSPHRL). The weekly chart (click on the chart below for live version) shows that the index has been trending higher since October 2022. But it looks like it's reaching a high, which could be a resistance level for the industry. The question is whether the index will break to the upside and reach new highs.
CHART 1: STARTING FROM THE TOP. An analysis of the weekly chart of the S&P 500 Hotels, Restaurants & Leisure industry ($GSPHRL) shows that this group of stocks is trending higher. However, it is pretty close to its high. Will it bust through its highs and move higher?
Chart source: StockCharts.com (click on chart for live version). For educational purposes only.
The index is trading above its 50-, 100-, and 200-week simple moving average (SMA). For as long as people are spending more on discretionary items such as travel and leisure, this index could continue to move higher. But inflation is still a huge concern, and if consumers start cutting back on spending, this index could reverse quickly. So if you are considering investing in WYNN, analyzing $GSPHRL would be your starting point.
A Weekly Perspective of WYNN
Looking at the weekly chart of WYNN, you see that the stock has had its share of ups and downs. Although the stock has been trending higher since October 2022, it's had a tough time breaking above $116.90. Plus, there have been a series of lower highs since 2020.
Adding the 50-week and 100-week SMA to the weekly chart shows that the 50-week is crossing above the 100-week SMA. And that's after the stock has pulled back and bounced off its 200-week SMA. The SMA crossover and WYNN's stock bouncing off its 200-week SMA are positive signs.
CHART 2: WEEKLY CHART OF WYNN RESORTS. The stock looks to be trending higher but it has to reverse its lower highs pattern to move higher.
Chart source: StockCharts.com (click on chart for live version). For educational purposes only.
If the stock breaks above its $116.90 resistance, it could go as high as $151, the January 2020 high. That's about a $35 move, or almost a 30% move. If that happened, it would reverse the "lower highs" scenario. What are the chances of that happening? To answer that question, let's turn to the daily chart...
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DiscoverGold
3年前
Don't Gamble on Wynn Resorts (WYNN) Stock This Month
By: Schaeffer's Investment Research | June 7, 2023
• The casino stock has historically struggled in June
• There's plenty of optimism to be unwound
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are reversing a rally off a pullback to the $95 region, last seen down 0.7% to trade at $102.04. For the quarter, the casino stock is down 8.7%, and history suggests that June may see the stock drop lower still.
In fact, according to data from Schaeffer's Senior Quantitative Analyst Rocky White, Wynn Resorts is the second worst stock on the S&P 500 Index (SPX) to own in June, looking back over the past 10 years. The shares averaged a loss of 4.3% for the month over the last decade, and finished the month lower eight times.
As for the brokerage bunch, there's plenty of optimism to be unwound. Of the nine analysts in coverage, six maintain a "strong buy" rating. Plus, the security is ripe for a round of price adjustments, given the 12-month consensus price target of $129.35 is a 26.5% premium to current levels.
A shift in the options pits could also weigh on WYNN. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Wynn Resorts stock sports a 50-day call/put volume ratio of 2.64, which ranks higher than all readings from the past 12 months.
It's also worth noting that the 7.13 million shares sold short make up 7.4% of the stock's available float. It would take nearly three days for these traders to buy back their bearish bets.
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