Wynn Resorts Ltd
WYNN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|l> | LOCK|&d&@ | LOCK|l!?!n# |
Wynn Earnings: Soft Calendar and Macroeconomic Pressures Weigh on Revenue; Shares Undervalued
Wynn's third-quarter revenue decreased 8% to $1.69 billion, with Macao and Las Vegas revenue declining 8% and 7%, respectively. Total adjusted property EBITDAR contracted 360 basis points to 27.5%, primarily from lower gaming volumes across regions.
