Wynn Resorts

OverviewSuggest Edit

Wynn Resorts is a developer and operator of luxury hotels and casinos. It integrates accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters, and meeting complexes. The company owns and operates Wynn Las Vegas, Encore Boston Harbor, Wynn Macau and Wynn Palace, Cotai.
TypePublic
Founded2002
HQLas Vegas, NV, US
Websitewynnresorts.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2020)27,500(-8%)
Job Openings194
Revenue (FY, 2020)$2.1 B(-68%)
Share Price (Jun 2022)$58.3(+13%)
Cybersecurity ratingAMore
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Key People/Management at Wynn Resorts

Matt Maddox

Matt Maddox

Director and Chief Executive Officer
Craig S. Billings

Craig S. Billings

President and Chief Financial Officer
Ellen Whittemore

Ellen Whittemore

Executive Vice President, General Counsel and Secretary
Dean Lawrence

Dean Lawrence

Senior Vice President and Chief Financial Officer, Wynn Las Vegas, LLC
Linda Chen

Linda Chen

President, Wynn International Marketing, Ltd
Craig Fullalove

Craig Fullalove

Senior Vice President and Chief Financial Officer, Wynn Resorts (Macau), S.A.
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Wynn Resorts Office Locations

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

Wynn Resorts Revenue

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View revenue for all periods
Wynn Resorts's revenue was reported to be $2.1 b in FY, 2020 which is a 68.3% decrease from the previous period.
USD

Revenue (Q1, 2021)

725.8m

Gross profit (Q1, 2021)

203.8m

Gross profit margin (Q1, 2021), %

28.1%

Net income (Q1, 2021)

(336.2m)

EBIT (Q1, 2021)

(175.7m)

Market capitalization (24-Jun-2022)

6.8b

Closing stock price (24-Jun-2022)

58.3

Cash (31-Dec-2020)

3.5b

EV

16.6b
Wynn Resorts's current market capitalization is $6.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

6.7b6.6b2.1b

Revenue growth, %

7%(2%)(68%)

Cost of goods sold

4.1b4.1b1.7b

Gross profit

2.6b2.5b352.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

1.7b1.7b1.6b953.7m85.7m725.8m

Cost of goods sold

1.0b1.0b1.0b737.7m240.3m522.0m

Gross profit

645.0m641.6m611.1m236.1m(154.6m)203.8m

Gross profit Margin, %

39%39%37%25%(180%)28%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.2b2.4b3.5b

Accounts Receivable

276.6m346.4m200.2m

Inventories

66.6m88.5m66.3m

Current Assets

2.6b2.9b3.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.8b1.5b1.7b2.9b3.8b3.6b

Accounts Receivable

259.8m296.7m286.6m380.8m296.3m178.8m

Inventories

67.4m81.8m80.5m86.2m84.8m62.1m

Current Assets

2.2b2.0b2.1b3.4b4.2b3.9b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

803.1m311.4m(2.3b)

Depreciation and Amortization

550.6m624.9m725.5m

Accounts Payable

49.5m(61.9m)(162.5m)

Cash From Operating Activities

961.5m901.1m(1.1b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

159.7m302.0m328.8m(450.3m)(1.2b)(2.0b)(336.2m)

Depreciation and Amortization

136.6m276.8m449.8m178.7m358.0m541.5m185.1m

Accounts Payable

(26.1m)8.7m(83.6m)(70.8m)(198.9m)(208.3m)20.6m

Cash From Operating Activities

263.9m509.4m779.9m(176.5m)(608.0m)(781.1m)(253.9m)
USDFY, 2018

Revenue/Employee

258.4k

Financial Leverage

7.3 x
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Wynn Resorts Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Occupancy Rate (Wynn Macau)

99.2%99.3%98.9%99.4%99.2%49.2%7.5%16.6%34.8%60.8%

Occupancy Rate (Wynn Palace)

96.5%97.2%97.4%97.2%97.2%41.6%4.4%11.6%29.8%60.4%

Occupancy Rate (Wynn Las Vegas)

87.5%82.6%90.1%69.6%87.5%80.1%43.7%39.2%49.6%35.3%

Occupancy Rate (Encore Boston Harbor)

69.6%72.6%75.8%72.7%74.5%71%

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 Scott Place, LLC
15 Mystic Street, LLC
18 Lynde Street, LLC
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Wynn Resorts Revenue Breakdown

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Wynn Resorts revenue breakdown by business segment: 10.5% from Entertainment, Retail and Other , 59.0% from Casino, 15.7% from Food and Beverage and 14.7% from Rooms

Wynn Resorts revenue breakdown by geographic segment: 24.1% from Wynn Palace, 35.7% from Las Vegas Operations, 22.7% from Wynn Macau, 17.2% from Encore Boston Harbor and 0.3% from Other

Human Capital Metrics

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Wynn Resorts Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Wynn Resorts Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Wynn Resorts Online and Social Media Presence

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Wynn Resorts News and Updates

Wynn Resorts (Macau) S.A. and Macau SAR Government Enter into Concession Extension Agreement

Gaming concession extended to December 31, 2022 MACAU, June 23, 2022 /PRNewswire/ -- Wynn Resorts (Macau) S.A. (hereafter referred to as Wynn) is pleased to announce that it has entered into the Concession Extension Agreement with the Macau SAR Government, to extend the gaming concession...

Wynn Resorts Recognized by Points of Light as a Top Community-Minded Company in America

Social Impact and Corporate Citizenship Among Company's Outstanding Efforts LAS VEGAS, June 16, 2022 /PRNewswire/ -- Wynn Resorts (Nasdaq: WYNN) has been named a 2022 honoree on The Civic 50 list by Points of Light, the world's largest nonprofit dedicated to accelerating people-powered...

Wynn Resorts Receives More Five-Star Awards Than Any Independent Hotel Company In The World On 2022 Forbes Travel Guide Awards

Encore Boston Harbor Achieves Its Inaugural Five-Star Award For Hotel And Spa LAS VEGAS, April 26, 2022 /PRNewswire/ -- Wynn Resorts (Nasdaq: WYNN) was once again honored on this year's Forbes Travel Guide (FTG) Five-Star Awards list, earning an impressive 24 Five-Star recognitions across...

Marjan to Develop a Multibillion-Dollar Integrated Resort in Ras Al Khaimah with Wynn Resorts

RAS AL KHAIMAH, UAE, Jan. 25, 2022 /PRNewswire/ -- Marjan, RAK Hospitality Holding and Wynn Resorts, Limited, the US-listed international developer and operator of luxury resorts, have announced a multibillion-dollar integrated resort development on the man-made Al Marjan Island in Ras Al...

Stocks making the biggest moves midday: JPMorgan, Wynn Resorts, Sherwin-Williams, Disney and more

These are the stocks posting the largest moves in midday trading.

Thinking about trading options or stock in Wynn Resorts, Tesla, American Airlines, Coca-Cola, or Pfizer?

NEW YORK, Jan. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WYNN, TSLA, AAL, KO, and PFE. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...
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Wynn Resorts Blogs

Wynn Resorts, Limited Reports First Quarter 2022 Results

LAS VEGAS --(BUSINESS WIRE)--May 10, 2022-- Wynn Resorts, Limited (NASDAQ: WYNN) (the "Company") today reported financial results for the quarter ended March 31, 2022 . Operating revenues were $953.3 million for the first quarter of 2022, an increase of $216.7 million , from $736.7 million for the

Wynn Resorts, Limited Reports Fourth Quarter and Year End 2021 Results

LAS VEGAS --(BUSINESS WIRE)--Feb. 15, 2022-- Wynn Resorts, Limited (NASDAQ: WYNN) (the "Company") today reported financial results for the fourth quarter and year ended December 31, 2021 . Operating revenues were $1.05 billion for the fourth quarter of 2021, an increase of 53.5%, or $367.1 million

Wynn Resorts to Sell the Real Estate of Encore Boston Harbor to Realty Income for $1.70 billion Through a Sale-Leaseback Transaction

LAS VEGAS --(BUSINESS WIRE)--Feb. 15, 2022-- Wynn Resorts (NASDAQ: WYNN) (“we” or the “Company”) announced today that it has entered into a definitive agreement to sell all of the land and real estate assets of Encore Boston Harbor to Realty Income (NYSE: O) for $1.70 billion in cash, representing

Brian Gullbrants

Brian Gullbrants lorenzatanacio Tue, 02/01/2022 - 13:34 Brian Gullbrants President, Wynn Las Vegas, LLC Mr. Gullbrants is the President of Wynn Las Vegas and Encore, a position he has held since 2021.  He was previously President of Encore Boston Harbor, which he…

Wynn Resorts Names Julie Cameron-Doe as New Chief Financial Officer

Leading luxury resort company solidifies its leadership structure with a well-regarded, senior finance executive LAS VEGAS --(BUSINESS WIRE)--Dec. 7, 2021-- Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) announced it will appoint Julie Cameron-Doe as its Chief Financial Officer, effective in

Wynn Resorts and Austerlitz Acquisition Corporation I Mutually Agree to Terminate Wynn Interactive Business Combination Agreement

LAS VEGAS --(BUSINESS WIRE)--Nov. 12, 2021-- Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) and Austerlitz Acquisition Corporation I (NYSE: AUS.U) (“Austerlitz I”) today announced that the companies have mutually agreed to terminate their previously announced agreement and plan of merger,
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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, Craig S. Billings and Ellen Whittemore.

  • How many employees does Wynn Resorts have?

    Wynn Resorts has 27,500 employees.

  • What is Wynn Resorts revenue?

    Latest Wynn Resorts annual revenue is $2.1 b.

  • What is Wynn Resorts revenue per employee?

    Latest Wynn Resorts revenue per employee is $76.2 k.

  • Who are Wynn Resorts competitors?

    Competitors of Wynn Resorts include Las Vegas Sands, Dover Downs Gaming & Entertainment and The Service Companies.

  • 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.