OverviewSuggest Edit

Wynn Resorts is a developer and operator of high end hotels and casinos. It integrates accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters, and meeting complexes. The company owns Wynn Las Vegas, Encore Boston Harbor, Wynn Macau, and Wynn Palace, Cotai.

TypePublic
Founded2002
HQLas Vegas, US
Websitewynnresorts.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2018)26,000(+4%)
Job Openings41
Revenue (FY, 2019)$6.6 B(-1%)
Share Price (May 2020)$78.3 (-5%)

Key People/Management at Wynn Resorts

Matt Maddox

Matt Maddox

Director and Chief Executive Officer
Linda Chen

Linda Chen

President, Wynn International Marketing, Ltd
DeRuyter O. Butler

DeRuyter O. Butler

Executive Vice President of Architecture, Wynn Design & Development, LLC
Ian Coughlan

Ian Coughlan

President, Wynn Macau, Limited
Craig Billings

Craig Billings

President, Chief Financial Officer and Treasurer
Ellen Whittemore

Ellen Whittemore

Executive Vice President, General Counsel and Secretary
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Wynn Resorts Office Locations

Wynn Resorts has an office in Las Vegas
Las Vegas, US (HQ)
3131 S Las Vegas Blvd
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Wynn Resorts Financials and Metrics

Wynn Resorts Revenue

Wynn Resorts's revenue was reported to be $6.61 b in FY, 2019
USD

Revenue (Q1, 2020)

953.7m

Net income (Q1, 2020)

(450.3m)

EBIT (Q1, 2020)

(247.4m)

Market capitalization (22-May-2020)

8.4b

Closing stock price (22-May-2020)

78.3

Cash (31-Mar-2020)

2.9b

EV

17.2b
Wynn Resorts's current market capitalization is $8.4 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.5b6.3b6.7b6.6b

Revenue growth, %

10%41%7%

Cost of goods sold

2.8b4.0b4.1b

Gross profit

1.7b2.3b2.6b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

997.7m1.1b1.1b1.5b1.5b1.6b1.7b1.6b1.7b1.7b1.7b1.6b953.7m

Cost of goods sold

608.0m651.8m695.3m921.3m968.7m1.0b1.0b985.8m1.1b1.0b1.0b1.0b

Gross profit

389.7m406.6m414.5m554.4m560.6m610.7m702.3m619.7m656.6m645.0m641.6m611.1m

Gross profit Margin, %

39%38%37%38%37%38%41%39%38%39%39%37%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.5b2.8b2.2b2.4b

Accounts Receivable

219.0m224.1m276.6m346.4m

Prepaid Expenses

69.5m

Inventories

91.5m71.6m66.6m88.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

2.1b1.9b1.5b2.5b2.5b2.9b2.0b1.4b1.9b1.8b1.5b1.7b2.9b

Accounts Receivable

188.5m173.6m177.6m186.0m196.2m224.1m228.2m230.1m232.7m259.8m296.7m286.6m380.8m

Prepaid Expenses

67.4m

Inventories

72.6m74.8m88.7m86.5m84.5m82.9m67.6m66.8m63.1m67.4m81.8m80.5m86.2m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

302.5m889.3m803.1m311.4m

Depreciation and Amortization

404.7m552.4m550.6m624.9m

Accounts Payable

117.0m71.0m49.5m(61.9m)

Cash From Operating Activities

970.5m1.9b961.5m901.1m
USDY, 2020

EV/EBIT

-69.5 x

EV/CFO

-97.4 x

Financial Leverage

14.4 x
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Wynn Resorts Operating Metrics

Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Table Games (Wynn Macau)

488 428 267 303 303 314 301 316 312 306 310 317 328 312 329

Table Games (Wynn Palace)

346 304 299 310 307 323 323 321 323 320 326 323 381

Table Games (Wynn Las Vegas)

238 233 235 234 238 229 240 247 238 233 233 243 233 233 236

Table Games (Encore Boston Harbor)

145
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Wynn Resorts Acquisitions / Subsidiaries

Company NameDateDeal Size
103 Broadway, LLC
10 Gardner Street, LLC
10 Lynde Street, LLC
10 Scott Place, LLC
11 Thorndike Street, LLC
127 Broadway, LLC
12 Lynde Street, LLC
12 Mystic Street, LLC
12 Scott Place, LLC
14-16 Robin Street, LLC
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Wynn Resorts Revenue Breakdown

Embed Graph

Wynn Resorts revenue breakdown by business segment: 41.0% from Wynn Palace, 24.8% from Wynn Las Vegas and 34.2% from Wynn Macau

Wynn Resorts revenue breakdown by geographic segment: 24.8% from Las Vegas Operations and 75.2% from Macau Operations

Wynn Resorts Online and Social Media Presence

Embed Graph

Wynn Resorts News and Updates

Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May

Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May with extensive safety measures in place, assuming the state is in line with certain benchmarks around the spread of the coronavirus.

Betting On Casino Stocks? The Odds Favor Las Vegas Sands Over Wynn Resorts

Notably, Wynn Resorts stock is down over 50% since early February, while its rival Las Vegas Sands has lost 34% of its value over the same period. Although both companies have a similar exposure to Macau (around ~70% of total revenues), Wynn Resorts has grown at a faster rate...

Wynn Resorts CEO says company is paying employees to retain them despite coronavirus closures

In an interview with CNBC, Wynn CEO Matt Maddox says the decision to pay employees despite casinos being shut is a long-term investment in the company's culture.

Wynn Resorts, MGM Close Las Vegas Casinos in Face of Coronavirus Crisis

As the number of confirmed Covid-19 cases and deaths continues to grow rapidly in the US and the rest of the world, two of the biggest Las Vegas Strip resort operators have decided to grind to a halt in the face of the worst, most acute health crisis seen in modern times. Wynn Resorts announced […] …

Wynn Resorts CEO Matt Maddox Announces Updates to Safety Program and Policies

LAS VEGAS, March 12, 2020 /PRNewswire/ -- Wynn Resorts CEO Matt Maddox (Nasdaq: WYNN) announces safety program and policy updates related to the COVID-19 pandemic. STATEMENT FROM MATT MADDOX, CEO OF WYNN RESORTS: It has been just a week since we announced operational changes designed to...

Wynn Resorts Updates Health Safety and Cancelation Policies at Vegas Casinos amid Coronavirus Spread

Wynn Resorts’ Las Vegas properties have increased staff at buffet stations as part of preventive measures amid the coronaviurs outbreak, which the World Health Organization now classifies as a pandemic. Wynn Resorts owns and operates the Wynn Las Vegas and Encore casino resorts on the Las Vegas Stri…
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Wynn Resorts Blogs

Wynn Resorts, Limited Reports Fourth Quarter and Year End 2019 Results

LAS VEGAS --(BUSINESS WIRE)--Feb. 6, 2020-- Wynn Resorts, Limited (NASDAQ: WYNN) (the "Company") today reported financial results for the fourth quarter and year ended December 31, 2019 . Operating revenues were $1.65 billion for the fourth quarter of 2019, a decrease of 2.0%, or $34.1 million ,

Wynn Resorts Board of Directors Extends CEO Matt Maddox's Contract Through 2022

LAS VEGAS , Dec. 17, 2019 /PRNewswire/ -- The Wynn Resorts Board of Directors announced today that it has unanimously agreed to extend Matt Maddox's contract as Chief Executive Officer through 2022.  Mr. Maddox became the Company's Chief Executive in early 2018.

Wynn Resorts Settles Consolidated Derivative Lawsuit

Wynn Resorts Settles Consolidated Derivative Lawsuit Filomeno.Lacap… Wed, 11/27/2019 - 17:37 Wynn Resorts Settles Consolidated Derivative Lawsuit November 27, 2019 at 4:00 PM EST This release is a backfill from a News Wire General LAS…

Wynn Resorts, Limited Reports Third Quarter 2019 Results

LAS VEGAS --(BUSINESS WIRE)--Nov. 6, 2019-- Wynn Resorts, Limited (NASDAQ: WYNN) (the "Company") today reported financial results for the quarter ended September 30, 2019 . "We delivered solid financial results in the third quarter, despite negative hold impact in both Macau and Las Vegas ," said

Wynn Resorts Announces Third Quarter Earnings Release Date

LAS VEGAS --(BUSINESS WIRE)--Oct. 31, 2019-- Wynn Resorts, Limited (NASDAQ: WYNN) announced today that it will release the Company’s financial results for the third quarter ended September 30, 2019 after the market close on Wednesday, November 6, 2019 , followed by a conference call at 1:30 p.m.

Wynn Resorts Announces Closing of Private Offering of Wynn Resorts Finance, LLC’s and Wynn Resorts Capital Corp.’s 5.125% Senior Notes due 2029 and Wynn Resorts Finance, LLC’s Senior Secured Credit Facilities and Completion of Internal Restructuring

LAS VEGAS --(BUSINESS WIRE)--Sep. 20, 2019-- Wynn Resorts, Limited (“ Wynn Resorts”) (NASDAQ: WYNN) announced today the completion by Wynn Resorts Finance, LLC (formerly known as Wynn America, LLC ) (“Wynn Resorts Finance”) and its subsidiary Wynn Resorts Capital Corp.
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Wynn Resorts Frequently Asked Questions

  • When was Wynn Resorts founded?

    Wynn Resorts was founded in 2002.

  • Who are Wynn Resorts key executives?

    Wynn Resorts's key executives are Matt Maddox, Linda Chen and DeRuyter O. Butler.

  • How many employees does Wynn Resorts have?

    Wynn Resorts has 26,000 employees.

  • What is Wynn Resorts revenue?

    Latest Wynn Resorts annual revenue is $6.6 b.

  • What is Wynn Resorts revenue per employee?

    Latest Wynn Resorts revenue per employee is $254.3 k.

  • Who are Wynn Resorts competitors?

    Competitors of Wynn Resorts include MGM Resorts, Penn National Gaming and Heythrop Park Resort.

  • Where is Wynn Resorts headquarters?

    Wynn Resorts headquarters is located at 3131 S Las Vegas Blvd, Las Vegas.

  • Where are Wynn Resorts offices?

    Wynn Resorts has an office in Las Vegas.

  • How many offices does Wynn Resorts have?

    Wynn Resorts has 1 office.