This summary was created by AI, based on 4 opinions in the last 12 months.
Wynne Resorts Ltd. has recently made headlines with a strong financial report, claiming $1.84 billion in revenues in Q4 2024, despite a stock pullback influenced by broader market concerns surrounding consumer spending. Experts highlight the booming Las Vegas tourism industry, pointing to significant increases in revenue per room and visitor numbers. While some analysts express frustration at the market's failure to properly value these positive developments, they are optimistic about Wynne's strong position, particularly with its footprint in Macau and ongoing investments in Dubai. The consensus is that Wynne is undervalued relative to its potential growth and the solid performance of its operations, especially in a thriving Las Vegas market. The sentiment suggests patience is needed as the company may eventually attract the recognition it deserves.
Vegas tourism is white hot. Revenue per room was up 11% in May YOY, convention attendance up 2%, and visitors up 5%. MGM has over half its business from Vegas. But he doesn't like MGM's regional business and those patrons are struggling from higher inflation and interest rates. He Likes MGM, but prefers Wynne because it has more Vegas exposure. But Vegas' boom isn't pushing up Vegas stocks, which is frustrating. Frankly, the market is getting it wrong. When Wynne reports, their strong Macau business will shine.
Down 14% this month, because of concerns over China. Remember, there was very little activity in Macau because of Covid, so things can't get worse than that. Sure, China's general economic weakness could have an effect on Wynn Macau. Numbers show that Macau is bouncing back. WYNN just reported a revenue beat and huge earnings beat.
Wynne Resorts Ltd. is a American stock, trading under the symbol WYNN-Q on the NASDAQ (WYNN). It is usually referred to as NASDAQ:WYNN or WYNN-Q
In the last year, 4 stock analysts published opinions about WYNN-Q. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Wynne Resorts Ltd..
Wynne Resorts Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Wynne Resorts Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Wynne Resorts Ltd. In the last year. It is a trending stock that is worth watching.
On 2025-04-03, Wynne Resorts Ltd. (WYNN-Q) stock closed at a price of $73.405.
They have a new UAE project. Their last report was shockingly good, with $1.84 billion in revenues in Q4 2024, but shares have pulled back with the market over fears about the consumer.