Wynn Resorts, Limited (WYNN) designs, develops, and operates integrated resorts.
The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor.
The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.
The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions.
The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club.
On February 8th, WYNN reported a Quarter December 2022 loss of $1.23 per share on revenue of $1.0 billion. The consensus estimate was a loss of $1.17 per share on revenue of $941.1 million. Shares have formed a bullish "double bottom" and higher share prices are expected.
Entry Point: $113.00
Trading Range: $50.20 to $117.17
Stop Loss: $107.00
Target Price: $124.00