Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $106.54 USD
Change Today -1.56 / -1.44%
Volume 1.4M
WYNN On Other Exchanges
Symbol
Exchange
WYNN is not on other exchanges.
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

wynn resorts ltd (WYNN) Key Developments

Wynn Resorts Ltd. Approves Amendment to its Articles of Incorporation

At the AGM held on April 24, 2015 the shareholders of Wynn Resorts Ltd. approved an amendment to the company’s second amended and restated articles of incorporation to provide the company with additional flexibility in making distributions to its stockholders.

Wynn Resorts Ltd. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Approves Quarterly Cash Dividend, Payable on May 21, 2015

Wynn Resorts Ltd. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. Net revenues for the first quarter of 2015 were $1,092.2 million, compared to $1,513.6 million in the first quarter of 2014. The decline was the result of a 37.7% net revenue decrease from Macau Operations, partially offset by a 1.6% increase in net revenues from the Las Vegas Operations. Adjusted property EBITDA was $323.0 million for the first quarter of 2015, a 34.7% decrease from $494.6 million in the first quarter of 2014. On a US GAAP basis, net loss attributable to the company for the first quarter of 2015 was $44.6 million, or $0.44 per diluted share, compared to net income attributable to the company of $226.9 million, or $2.22 per diluted share, in the first quarter of 2014. Adjusted net income attributable to the company in the first quarter of 2015 was $70.5 million, or $0.70 per diluted share (adjusted EPS), compared to an adjusted net income attributable to the company of $236.7 million, or $2.32 per diluted share, in the first quarter of 2014. Operating income was $185,059,000 against $376,831,000 for the same period of last year. Loss before income taxes was $10,705,000 against $305,652,000 for the same period of last year. Total debt outstanding at the end of the quarter was $8.0 billion, including $3.4 billion of Wynn Las Vegas debt, $2.7 billion of Wynn Macau debt and $1.9 billion at the parent company. The company also announced that the company has approved a cash dividend of $0.50 per common share, a reduction from its previous quarterly dividend. This dividend will be payable on May 21, 2015, to stockholders of record on May 11, 2015.

Shareholders of Wynn Resorts Ltd Ousts Elaine Wynn from the Board

Wynn Resorts Ltd. announced that it's shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. Elaine Wynn, co-founder and third-largest stockholder of Wynn Resorts, failed to get renominated by the board, which has been pressure from some institutional shareholders to improve governance.

Wynn Resorts Ltd. to Report Q1, 2015 Results on Apr 28, 2015

Wynn Resorts Ltd. announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on Apr 28, 2015

Wynn Resorts Ltd., Q1 2015 Earnings Call, Apr 28, 2015

Wynn Resorts Ltd., Q1 2015 Earnings Call, Apr 28, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WYNN:US $106.54 USD -1.56

WYNN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Accor SA €50.63 EUR -0.17
Host Hotels & Resorts Inc $20.09 USD -0.13
Hyatt Hotels Corp $58.59 USD -0.35
Starwood Hotels & Resorts Worldwide Inc $84.78 USD -0.06
Wyndham Worldwide Corp $86.89 USD +0.17
View Industry Companies
 

Industry Analysis

WYNN

Industry Average

Valuation WYNN Industry Range
Price/Earnings 23.6x
Price/Sales 2.1x
Price/Book NM Not Meaningful
Price/Cash Flow 13.9x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WYNN RESORTS LTD, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.