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.
Wynn is positioned to participate in the long-term growth of Macao (49% of 2025 EBITDA) and has low-double-digit revenue share in the region and is developing a new tower with 432 suites, increasing rooms 25% at its Palace resort.
The Macao and Chinese governments are gradually moving the region toward a nongaming full resort destination site, as opposed to one of high-end VIP gaming, which could result in an outsize slowdown in growth for Wynn, given its higher-end exposure.
Metric | WYNN | MGM | CZR |
|---|---|---|---|
Price/Earnings (Normalized) | 19.19 | 17.87 | — |
Price/Book Value | — | 3.31 | 1.82 |
Price/Sales | 1.23 | 0.49 | 0.51 |
Price/Cash Flow | 6.52 | 3.73 | 4.12 |
Metric | WYNN | MGM | CZR |
|---|---|---|---|
Quick Ratio | 0.82 | 1.04 | 0.61 |
Current Ratio | 0.91 | 1.24 | 0.82 |
Interest Coverage | 1.81 | 2.80 | 0.78 |
Metric | WYNN | MGM | CZR |
|---|---|---|---|
Return on Assets (Normalized) | 4.21% | 2.18% | −0.51% |
Return on Equity (Normalized) | — | 35.34% | −4.67% |
Return on Invested Capital (Normalized) | 9.35% | 3.51% | 7.12% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Las Vegas Sands Corp LVS | LOCK|V<<^D<X | LOCK|>W!sW | $26B | |||
| Galaxy Entertainment Group Ltd ADR GXYYY | — | LOCK|%?!?y | $20B | |||
| Galaxy Entertainment Group Ltd GXYEF | — | LOCK|DZ?t# | $20B | |||
| Sands China Ltd Shs Unitary 144A/Reg S SCHYF | — | LOCK|G!<rX | $12B | |||
| Sands China Ltd ADR SCHYY | — | LOCK|<>%!< | $12B | |||
| MGM Resorts International MGM | LOCK|BJ^W?># | LOCK|scs | $8B | |||
| Caesars Entertainment Inc CZR | LOCK|^sk<<Dh | LOCK|Dt | $6B | |||
| PENN Entertainment Inc PENN | LOCK|Z^B??c | LOCK|!x | $2B | |||
| Melco Resorts and Entertainment Ltd ADR MLCO | LOCK|dZN@H&^ | LOCK|NZ&%@ | $2B |
United States