Wynn Resorts announces steady growth and strategic investments By Investing.com
Wynn Resorts (NASDAQ: WYNN) reported a moderate increase in revenue and profitability in its Third Quarter 2024 Earnings Call held on October 30, 2024.
CEO Craig Billings and CFO Julie Cameron-Doe presented a detailed overview of the company’s financial performance, highlighting growth in key markets, strategic capital expenditures, and a robust liquidity position.
The company also announced an increase in its share repurchase program and declared a dividend, signaling confidence in its financial health and future prospects.
Key Takeaways
- Wynn Resorts reported a 1% increase in normalized revenue in Las Vegas.
- Hotel revenue in Las Vegas rose by 5%, and slot handle grew by 4%.
- Encore Boston’s EBITDAR was up 4% year-over-year, reaching…
