Wynn Resorts, Limited (WYNN)

In the past six months, Wynn Resorts reported a slight increase in second-quarter revenue for 2025, though net income saw a drop due to weaker results in Macau and investments in the UAE project, while Las Vegas operations performed strongly. The company reported an 8.3% year-over-year increase in operating revenues in the third quarter of 2025, driven by a 15.3% rise in casino revenue. Tilman J. Fertitta became the largest stockholder in April 2025, increasing his stake to 12.50%. In May 2025, Wynn Resorts withdrew its bid for a casino in New York City. Craig Fullalove was announced as the successor to Julie Cameron-Doe as Chief Financial Officer in January 2026. As of December 31, 2025, the stock price was $120.33, marking a 43.59% increase from January 2, 2025, with some reports indicating a slowdown in revenue growth in late 2025.

Demand for Wynn Resorts' products and services can exhibit seasonality, influenced by factors such as major sporting events and travel restrictions. Macau's gross gaming revenue in June 2024 was lower due to seasonality and events like the UEFA Euro 2024 soccer tournament. Las Vegas operations adjust for the impact of major events like the Super Bowl. The company strategically focuses on attracting high-end, resilient global luxury consumers, which can provide some stability, and the post-pandemic recovery in Macau highlights the impact of external factors on demand.

Wynn Resorts Ltd. designs, develops, and operates high-end integrated resorts featuring luxury hotel accommodations, extensive casino gaming, fine dining, premium retail spaces, diverse entertainment options, meeting and convention facilities, spas, nightclubs, and golf courses. The company's portfolio includes properties such as Wynn Las Vegas, Encore at Wynn Las Vegas, Wynn Macau, Wynn Palace in Cotai, and Encore Boston Harbor. In 2025, the company acquired and rebranded the Crown London casino as Wynn Mayfair, aiming to provide unparalleled guest experiences through exceptional service, world-class amenities, and innovative design, targeting affluent global clientele.

Wynn Resorts maintains a significant global presence with operations in key destinations, including Las Vegas, Nevada, and Everett, Massachusetts, in the United States. Internationally, the company has a strong foothold in Macau, China, with Wynn Macau and Wynn Palace. Additionally, Wynn Resorts expanded into the European market with Wynn Mayfair in London, England, in 2025. The company is also developing a new integrated resort, Wynn Al Marjan Island, in Ras Al Khaimah, United Arab Emirates, which is projected to open in early 2027.

In the past year, Wynn Resorts has maintained a strong brand reputation for luxury and service excellence, being recognized on FORTUNE Magazine's World's Most Admired Companies list for 2025 for the 17th consecutive year and earning accolades such as Condé Nast Traveler's "Gold List 2025" and multiple Forbes Travel Guide Five-Star Awards. Wynn Resorts earned 19 Forbes Travel Guide Five-Star awards in 2025, the most of any independent hotel company globally. However, the company faced challenges, including reports of minor regulatory infractions impacting customer satisfaction scores, a decline in service standards, and allegations of questionable practices involving senior executives, which damaged Wynn's public image.

Wynn Resorts Ltd. has a diverse ownership structure, with institutional investors holding the majority of shares, typically around 64% to 66%. Major institutional owners include Capital World Investors, Vanguard Group Inc, BlackRock, Inc., Alkeon Capital Management Llc, American Funds Fundamental Investors, Barrow Hanley Mewhinney & Strauss Llc, State Street Corp, Susquehanna International Group, Llp, and Geode Capital Management LLC. Individual and insider ownership is also significant, accounting for approximately 35% to 36% of the company, with key individual owners including Tilman J. Fertitta, the Wynn Family Limited Partnership, Elaine P. Wynn, and Jack B. Binion.