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Wynn Resorts Ltd WYNN Stock Quote

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NASDAQ:WYNN

Morningstar‘s Stock Analysis WYNN

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Las Vegas Sands' Shares Near Fair Value After Favorable License and Easing of Pandemic Restrictions

Dan Wasiolek Senior Equity Analyst

Analyst Note

| Dan Wasiolek |

We no longer see Las Vegas Sands' shares offering a compelling risk/reward, after appreciating more than 30% since late October. Sands' shares have reacted positively to recent news of a provisional 10-year gaming license renewal in Macao (66% of precoronavirus EBITDA), supporting the company’s regulatory intangible asset advantage, the source of its narrow moat, as well as some easing of travel restrictions in greater China (reopening of e-visa applications, and reduced quarantine and testing requirements).

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Key Statistics WYNN

Company Profile WYNN

Business Description

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2023, which we forecast to open in 2026. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Contact
3131 Las Vegas Boulevard South
Las Vegas, NV, 89109
T +1 702 770-7555
Industry Resorts & Casinos
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 26,950

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