Last $147.95 USD
Change Today -5.02 / -3.28%
Volume 1.7M
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wynn resorts ltd (WYNN) Key Developments

Wynn Resorts Closes $34 Million Acquisition of Future Casino Site in Everett

Wynn Resorts announced that it has acquired a 33-acre parcel in Everett for $34 million as it advances plans to build a luxury gaming resort in Greater Boston. The deal closed Jan. 2 and involved the former Monsanto Chemical Plant overlooking the Mystic River in Everett. Wynn was awarded one of the state's three full-scale gaming licenses in September. The company said remedial cleanup and site preparation will commence immediately as it begins the permitting process for what promises to be a $1.6 billion gaming resort at its newly acquired property. MGM's planned casino will be built in Springfield, while Penn National is building out a facility in Plainville. The state legislation that legalized gaming in Massachusetts provides for a third full-gaming license, although the Massachusetts Gaming Commission has yet to award it to a potential operator.

Wynn Resorts Ltd. Presents at 2014 Debt Capital Markets and Derivatives Conference, Nov-20-2014 11:10 AM

Wynn Resorts Ltd. Presents at 2014 Debt Capital Markets and Derivatives Conference, Nov-20-2014 11:10 AM. Venue: The Plaza Hotel, Fifth Avenue at Central Park South, New York, New York, United States. Speakers: Alvin V. Shoemaker, Independent Director, Member of Executive Committee, Member of Audit Committee and Member of Compensation Committee.

Wynn Resorts Ltd. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended Sep. 30, 2014; Announces New Quarterly Cash Dividend Payable on November 25, 2014

Wynn Resorts Ltd. reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2014. For the quarter, net revenues were $1,370,010,000 against $1,390,112,000 for the same period of last year. Operating income was $332,575,000 against $313,978,000 for the same period of last year. Income before income taxes was $257,894,000 against $241,530,000 for the same period of last year. Net income attributable to the company was $191,406,000 against $182,020,000 for the same period of last year. Basic and diluted income per common share was $1.88 against $1.79 for the same period of last year. The decline in Revenue was the result of a 5.6% net revenue decrease from the Macau Operations, partially offset by a 9.0% increase in net revenues from Las Vegas Operations. Adjusted property EBITDA was $458.8 million for the third quarter of 2014, a 5.3% increase from $435.6 million in the third quarter of 2013. Adjusted net income attributable to the company in the third quarter of 2014 was $199.2 million, or $1.95 per diluted share (adjusted EPS), compared to an adjusted net income attributable to the company of $187.0 million, or $1.84 per diluted share, in the third quarter of 2013. For the nine months, net revenues were $4,295,686,000 against $4,101,039,000 for the same period of last year. Operating income was $1,050,748,000 against $921,650,000 for the same period of last year. Income before income taxes was $822,712,000 against $702,372,000 for the same period of last year. Net income attributable to the company was $622,208,000 against $514,768,000 for the same period of last year. Basic and diluted income per common share was $6.10 against $5.07 for the same period of last year. Adjusted net income attributable to the company was $651.007 million, or $6.38 per diluted share (adjusted EPS), compared to an adjusted net income attributable to the company of $545.6 million, or $5.37 per diluted share, in the same period of 2013. Wynn Resorts also announced that the company has approved a new quarterly cash dividend of $1.50 per common share, a 20% increase from its previous regular dividend. The company has also approved an additional cash dividend of $1.00 per share. The total dividend of $2.50 per share will be payable on November 25, 2014, to stockholders of record on November 12, 2014.

Wynn Resorts Ltd. to Report Q3, 2014 Results on Oct 28, 2014

Wynn Resorts Ltd. announced that they will report Q3, 2014 results at 1:30 PM, Pacific Standard Time on Oct 28, 2014

Wynn Resorts Ltd., Q3 2014 Earnings Call, Oct 28, 2014

Wynn Resorts Ltd., Q3 2014 Earnings Call, Oct 28, 2014

 

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Price/Book 157.7x
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