WYNN Stock Recent News

Wynn Resorts (WYNN, Financial) saw its stock rise by over 2.2% in early trading, hitting a peak of $107.81. The company announced that it has received the first-ever commercial gaming operator license in the United Arab Emirates.

Wynn Resorts Ltd (NASDAQ:WYNN) stock is continuing its recent rally, up 1.1% at $106.60, after Friday's announcement that the company received the first commercial gaming operator license in the United Arab Emirates (UAE).

LAS VEGAS--(BUSINESS WIRE)--Wynn Resorts, Limited (NASDAQ: WYNN) announced today that it will hold an Analyst & Investor Update Meeting to discuss Wynn Al Marjan Island, the Company's integrated resort currently under construction in the UAE. The event will take place on October 8, 2024, at Wynn Las Vegas. Craig Billings, Chief Executive Officer, along with other members of the Wynn Resorts global leadership team will deliver presentations, including on the resort's expected financial perfo.

The head of the New York State Gaming Commission flagged recent Las Vegas betting scandals as potential roadblocks for two major bidders vying for highly coveted New York City casino licenses.

Wynn Resorts (WYNN) saw its stock soar this week off news of China's stimulus package. To sustain that growth, Zach Warring says the company will need to see "significant improvement" from that stimulus to accelerate long-term growth.

Morgan Stanley analysts see opportunities beyond China—like the United Arab Emirates.

Wynn (WYNN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

One of the largest settlements of Section 10b-5 claims arising from #MeToo allegations NEW YORK, NY / ACCESSWIRE / September 19, 2024 / After six years of highly contested litigation, Pomerantz LLP has achieved a $70 million settlement in a securities class action brought on behalf of Wynn Resorts shareholders. On Monday, September 16th, the Firm filed a motion asking the United States District Court for the District of Nevada to grant preliminary approval to the settlement.

I recommend buying Wynn Resorts shares due to impressive financial results and reasonable valuation, despite the dividend yield being lower than the 10-year Treasury Note. Recent financial performance shows significant improvements: revenue, operating income, and net income up 8.6%, 33.5%, and 28.5%, respectively, compared to 2019. Long-term debt has decreased by 7.4%, reducing interest expenses by 4%, and the company has increased dividends significantly, though not yet to pre-pandemic levels.

The Proposal to Build Hudson Yards West on top of the Undeveloped Western Rail Yards is an Unprecedented $12B Total Project Investment in NYC that will Create 35,000 Union Construction Jobs, 5,000 Permanent Union Careers in the Resort and 1,500 units of New Housing Hudson Green, a 5.6 Acre Public Park, will be the Centerpiece of Hudson Yards West Renderings and Animations Available to Download Are Linked Here NEW YORK , Aug. 28, 2024 /PRNewswire/ -- Related Companies/Oxford Properties Group and Wynn Resorts today revealed new project details for the next phase of Hudson Yards, including new renderings and animations as well as additional testimonials of support. The $12 Billion total project proposal to build Hudson Yards West on top of the undeveloped western rail yards, is a once-in-a-generation commitment that, if approved by City and State officials, would provide significant quality-of-life improvements for the neighborhood and enormous economic opportunity for the entire city, i