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Image source: The Motley Fool. Wynn Resorts (NASDAQ: WYNN) Q4 2024 Earnings Call Feb 13, 2025, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Operating revenues from Wynn Palace were $586.9 million for the first quarter of 2024, an increase of $217.5 million from $369.4 million for the first quarter of 2023.
Wynn is currently building Wynn Al Marjan Island which will be the first casino in the United Arab Emirates. [25] [26] Wynn Resorts is also exploring the possibility of developing a property in Thailand if gambling is legalized there. [27] In January 2025, Wynn Resorts completed the acquisition of the Crown London casino, formerly owned by ...
WYNN earnings call for the period ending June 30, 2024.
Maddox joined Wynn Resorts at its founding in 2002. [8] He served as vice president of investor relations and treasurer while helping secure the financing required to launch Wynn. In 2003, he relocated to Macau to build Wynn Resorts Macau as its chief financial officer.
The next year, it was announced that the plan would include a "'resort' tower", developed with Wynn, as well as a casino and hotel. The plan includes a 2-million-square-foot office tower, as well as 5.5 acres of public parkland, a public school, and a 1 million-square-foot apartment building with 329 affordable housing units. [ 24 ]
The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Wynn Resorts shares were trading up 1.54% at $112.88. The stock has a 52-week high ...
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.