Morningstar

Wynn Resorts Ltd

WYNN: XNAS (USA)
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Wynn Resorts Earnings: Profitability Declines, Despite Demand Recovery; Shares Undervalued

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In the fourth quarter, Wynn posted moderate sales growth of 1.6%, driven by a 4.4% lift in Macao that offset a 1.6% decline in Las Vegas. Las Vegas EBITDA contracted 320 basis points to 35%, weighed down by the timing of large events.

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