Wynn Resorts Ltd
Company Profile
Business description
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and the US, respectively.
Contact
3131 Las Vegas Boulevard South
Las VegasNV89109
USAT: +1 702 770-7555
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Resorts & Casinos
Fiscal Year End
31 December 2024
Employees
27,800
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