Wynn Resorts, Limited (NASDAQ:WYNN) has demonstrated strong market activity recently, attracting significant investments from various institutional shareholders, who now own 67% of the company. A number of asset management firms and wealth advisers have increased their positions in WYNN or bought new shares. Q4 2024 earnings reports show record growth in Las Vegas, with strong performance also notable in Macau as highlighted in the Q3 2024 earnings call. Despite some analyst speculations about the company being potentially undervalued, it has been deemed one of the best consumer discretionary stocks to buy. Furthermore, the company is set to acquire Crown London from Crown Resorts. There are mixed reports about the stock's performance, with some reports and analysts maintaining bullish outlooks while others point towards weaker Q3 results and underperformance compared to competitors. Other significant developments include a $130M deal concerning illegal transactions and an $800 million offering of Senior Notes. The company is also expanding its presence in the UAE by obtaining the first gambling license there.
Wynn Resorts Ltd WYNN News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Sun, 16 Mar 2025 01:04:26 GMT -
Rating 6
- Innovation 0
- Information 8
- Rumor -2
