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Last €95.22 EUR
Change Today -1.55 / -1.60%
Volume 14.0
WYR On Other Exchanges
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As of 11:40 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3131 Las Vegas Boulevard South

Las Vegas, NV 89109

United States

Phone: 702-770-7555

Fax:

Wynn Resorts, Limited engages in the development, ownership, and operation of destination casino resorts (integrated resorts) which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment, and convention facilities. The company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau). The company also owns 100% of and operates an integrated resort in Las Vegas, Nevada. Macau Operations The company refers the integrated Wynn Macau and Encore at Wynn Macau resort as ‘Wynn Macau | Encore’ or as its ‘Macau Operations’. The company operates Wynn Macau | Encore under a 20-year casino concession agreement granted by the Macau Government in June 2002. The company leases from the Macau Government an approximately 16 acre parcel of land in downtown Macau's inner harbor where Wynn Macau | Encore is located. Wynn Macau | Encore features the following, as of February 13, 2015: approximately 284,000 square feet of casino space offering 24-hour gaming and a range of games with 498 table games and 625 slot machines, private gaming salons, sky casinos and a poker pit; 2 luxury hotel towers with a total of 1,008 spacious guest rooms and suites; casual and fine dining in 8 restaurants; approximately 57,000 square feet of high-end, brand-name retail shopping; approximately 31,000 square feet of space for lounges and meeting facilities; recreation and leisure facilities, including 2 health clubs, spas, a salon and a pool; and Rotunda show featuring a Chinese zodiac-inspired ceiling along with gold ‘prosperity tree’ and ‘dragon of fortune’ attractions. In February 2015, the company completed the renovation of approximately 27,000 square feet of its casino space at Wynn Macau for new VIP gaming rooms. Las Vegas Operations The company refers to the integrated Wynn Las Vegas and Encore at Wynn Las Vegas resort as ‘Wynn Las Vegas | Encore’ or as its ‘Las Vegas Operations’. Wynn Las Vegas | Encore is located at the intersection of the Las Vegas Strip and Sands Avenue, and occupies approximately 215 acres of land fronting the Las Vegas Strip. In addition, the company owns approximately 18 acres across Sands Avenue, a portion of which is utilized for employee parking and an office building, and approximately 5 acres adjacent to the golf course on which an office building is located. Wynn Las Vegas | Encore features the following, as of February 13, 2015: approximately 186,000 square feet of casino space, offering 24-hour gaming and a range of games with 232 table games and 1,849 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; 2 luxury hotel towers with a total of 4,748 spacious guest rooms, suites and villas; 34 food and beverage outlets featuring signature chefs; approximately 99,000 square feet of high-end, brand-name retail shopping; approximately 290,000 square feet of meeting and convention space; 3 nightclubs and a beach club; specially designed theater presenting ‘Le Rêve-The Dream,’ a water-based theatrical production and a theater presenting ‘Steve Wynn's Showstoppers,’ a Broadway-style entertainment production; recreation and leisure facilities, including an 18-hole golf course, swimming pools, private cabanas and 2 full service spas and salons; a Ferrari and Maserati automobile dealership; and wedding chapels. Strategy The company integrates luxurious surroundings, distinctive entertainment and superior amenities, including convention facilities, entertainment, fine dining and premium retail offerings, to create resorts that appeal to its international customer base. The company heavily emphasizes human resources and staff training to ensure its employees are prepared to provide the luxury service that its guests expect. The company markets its resorts directly to gaming customers using database marketing techniques, as well as traditional incentives, including reduced room rates and complimentary meals and suites. Regulations In addition to gaming regulations, the company is subject to extensive local, state, federal and foreign laws and regulations in the jurisdictions in which the company operates. These include laws and regulations relating to alcoholic beverages, environmental matters, employment and immigration, currency and other transactions, taxation, zoning and building codes, marketing and advertising, lending, debt collection, privacy, telemarketing, money laundering, laws and regulations administered by the Office of Foreign Assets Control, and anti-bribery laws, including the Foreign Corrupt Practices Act. Intellectual Property Among the company’s most important marks are its trademarks and service marks that use the name ‘WYNN’. The company has registered with the U.S. Patent and Trademark Office (PTO) various WYNN-related trademarks and service marks in connection with various goods and services. The company also has filed applications with various foreign patent and trademark registries, including in Macau, China, Singapore, Hong Kong, Taiwan, Japan, certain European countries and various other jurisdictions throughout the world, to register various WYNN-related trademarks and service marks in connection with various goods and services. The company’s domain registrations extend to various foreign countries, such as ‘.com.cn’ and ‘.com.hk’. Competition The company’s Macau resort complex faces competition from casinos located in other areas of Asia, including the Marina Bay Sands and Resorts World Sentosa resorts operating in Singapore; Genting Highlands Resort, a gaming and resort destination located outside of Kuala Lumpur, Malaysia; and casinos in the Philippines. History Wynn Resorts, Limited, a Nevada corporation, was founded in 2002.

 

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Industry Analysis

WYR

Industry Average

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