Wynn Resorts, Limited (OQ:WYNN)
Business Focus: Casinos
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3131 Las Vegas Blvd S LAS VEGAS NV 89109-1967 |
| Tel: | N/A |
| Website: | https://www.wynnresorts.com |
| IR: | See website |
| Key People | ||
| Craig S. Billings Chief Executive Officer, Director | Julie Mireille Cameron-Doe Chief Financial Officer | Ellen F. Whittemore Executive Vice President, General Counsel, Secretary |
| Business Overview |
| Wynn Resorts, Limited is a designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. Its segments include Wynn Palace, Wynn Macau, Las Vegas Operations, Encore Boston Harbor, and Wynn Interactive. Wynn Palace features a luxury hotel tower with a total of 1,706 guest rooms, suites, and villas, offering a health club, spa, salon, and pool. Wynn Palace offers 14 food and beverage outlets, approximately 107,000 square feet of high-end, brand-name retail space, and over 37,000 square feet of meeting and convention space. Wynn Macau features two luxury hotel towers with a total of 1,010 guest rooms and suites, offering two health clubs, two spas, a salon and a pool. Wynn Macau offers 14 food and beverage outlets, approximately 64,300 square feet of high-end, brand-name retail space, and over 31,000 square feet of meeting and convention space. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Wynn Resorts, Limited revenues increased 74% to $6.53B. Net income totaled $730M vs. loss of $423.9M. Revenues reflect Macau Operations segment increase from $721.5M to $3.1B, Occupancy (%)-Wynn Palace increase from 38.4 to 94.9%, Average Daily Rate (ADR)-Wynn Palace increase from $156 to $323. Net Income reflects Interest income increase from $29.8M to $175.8M (income). |
| Employees: | 27,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $18,891M as of Dec 31, 2023 |
| Annual revenue (TTM): | $6,532M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,746M as of Dec 31, 2023 |
| Net annual income (TTM): | $729.99M as of Dec 31, 2023 |
| Free cash flow (TTM): | $655.97M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $8,014M as of Dec 31, 2023 |
| Shares outstanding: | 112,066,829 as of Mar 5, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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