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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Wynn Resorts, Limited
Type
Public
Traded as
  • NASDAQ: WYNN
  • NASDAQ-100 component
  • S&P 500 component
Industry Hospitality, Tourism
Founded 2002; 15 years ago (2002)
Founder Steve Wynn
Headquarters Las Vegas Strip (Paradise), Nevada, U.S.
Area served
United States and China
Key people
Steve Wynn (CEO)
Products Casinos, Entertainment, Gaming and Resorts
Revenue Increase $4.47 billion - 2016
Operating income
Increase $521.66 million - 2016
Net income
Increase $302.47 million - 2016
Total assets Increase $11.95 billion - 2016
Total equity Increase $257.88 million - 2016
Number of employees
24,500 - 2016
Website wynnresorts.com

Wynn Resorts Limited is a publicly traded corporation based on the Las Vegas Strip, Nevada that is a developer and operator of high end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn. As of 2017, the company has developed five properties and was building a sixth.

In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand, after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $270 million.

Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation. Wynn, together with Universal subsidiary Aruze USA, controlled almost half the stock.

Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion.

Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002.

The company's first project, Wynn Las Vegas, opened on April 28, 2005.

Wynn Macau, the company's second project started construction on June 28, 2004. It opened September 5, 2006 and is now the largest-grossing casino in the region.

Encore, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas.

Encore at Wynn Macau, the company's second project on the Macau Peninsula, Macau, People's Republic of China, opened on April 21, 2010. A second resort in Macau, Wynn Palace on the Cotai Strip, opened August 22, 2016.

Wynn bought 52 acres (21 ha) of the Cotai Strip in Macau where he hopes to break ground in 2012 for Wynn Cotai for a 2013 or early 2014 opening.

The company considered opening a casino as part of the Entertainment City development in the Philippines, but decided against it. When Okada decided to proceed with the project alone, their partnership dispute went public with reciprocal accusations of corrupt practices. Wynn accused Okada of bribing Philippines gaming regulators with over $110,000 in benefits (including free nights in a luxury suite at Wynn Las Vegas), while Okada questioned some of Wynn's actions (such as a $135 million donation to the University of Macau). Okada resigned as vice chairman in October 2011. The board of directors forced Okada's company, Aruze USA, to sell back its stock at approximately a 30% discount.

On September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts’ proposed $1.6 billion casino to be located in Everett, Massachusetts on the Mystic River, just north of Boston. This project will be known as Wynn Boston Harbor and is scheduled to open in 2019.

The Encore in Las Vegas opened shortly after the beginning of the Great Recession. Despite the additional casino at the Encore (which added 97 tables and 857 slot machines to the original 190 tables and 2000 slots), net casino revenues for the combined resort were initially lower. Similarly, in the first quarter of 2009, net revenues of the Macau operations declined. Following the global economic recovery, performance of the Wynn properties also recovered. Wynn remained the only gaming operator to not perform mass layoffs during the recession. In 2017 CNBC reported that Wynn’s stock was up 44% for the year and that Wynn’s Macau operations were the leading US-based resorts there.

Investment goal date:
Dividends reinvested
Wynn Resorts, Limited WYNN report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-30
--
--
Q4 2017
2018-01-24
--
--
Q3 2017
2017-10-26
1.5200
0.7800
Q2 2017
2017-07-25
1.1800
0.7300
Q1 2017
2017-04-25
1.2400
0.9900
Q4 2016
2017-01-26
0.5000
1.1200
Q3 2016
2016-11-02
0.7500
-0.1700
Q2 2016
2016-07-28
1.0700
0.6900
Q1 2016
2016-05-05
1.0700
0.7400
Q4 2015
2016-02-11
1.0300
0.8600
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
1376909
BlackRock Inc.
4945920
BlackRock Institutional Trust Company, N.A.
2070738
Capital International Investors
3128968
CITADEL ADVISORS LLC
1396908
GOLDMAN SACHS GROUP INC
1499297
Melvin Capital Management LP
1434711
Northern Cross, LLC
9146761
NORTHERN TRUST CORP
966403
OZ MANAGEMENT LP
2132012
PLATINUM INVESTMENT MANAGEMENT LTD
1724330
SOUTHEASTERN ASSET MANAGEMENT INC/TN/
9858937
STATE STREET CORP
3308320
THORNBURG INVESTMENT MANAGEMENT INC
1009470
Vanguard Group, Inc
8018334
Major Shareholders
Name Relationship
Total Shares
Holding stocks
WYNN STEPHEN A
11.9200% (12079800)
WYNN /
IRANI RAY R
0.0500% (51662)
OXY / WYNN /
IRANI RAY R
0.0600% (61662)
OXY / WYNN /
SHOEMAKER ALVIN V
0.0100% (9162)
HUN / WYNN /
MILLER ROBERT JOS
0.0100% (9162)
IGT / WYNN /
WAYSON DANIEL BOONE
0.0900% (94162)
WYNN /
MADDOX MATT
0.3000% (307686)
WYNN /
MORAN JOHN A
0.0400% (37500)
WYNN /
SCHORR MARC D
0.1400% (145125)
WYNN /
WYNN ELAINE P
9.4100% (9539077)
ATVI / WYNN /
STRZEMP JOHN
0.2200% (218323)
WYNN /
ZEMAN ALLAN
0.0100% (7500)
WYNN /
GOLDSMITH RUSSELL D
0.0100% (6500)
CYN / WYNN /
VIRTUE J EDWARD
0.0100% (6662)
WYNN /
Chen Linda
0.1000% (105897)
WYNN /
Cootey Stephen Lawrence
0.0200% (20609)
WYNN /
Sinatra Kimmarie
0.2000% (201992)
WYNN /
Sinatra Kimmarie
0.2000% (206182)
WYNN /
Mulroy Patricia
0.0100% (5785)
WYNN /
% ()