Wynn Resorts is enhancing its existing protocols in Las Vegas and equipping armed security officers with ballistic body armor.
Wynn hotel casino to equip security guards with ballistic body armour (KNTV Las Vegas)
Wynn Resorts is likely to enjoy higher margins post-Covid due to its cost-cutting efforts, but the main excitement to come from its Q1 results came from a plan to spin off its digital business, analysts say.
Wynn Resorts said it continued to experience gradual improvement in visitation trends in the first quarter of 2021 at its Macau properties, driving premium mass casino and luxury retail revenues.
Wynn Resorts said all of its employees will be given the choice of either completing a Covid vaccination or obtaining weekly negative tests, with 60 percent of staff already having received their shots.
Wynn Resorts has announced a new COVID-19 vaccination and testing policy for its employees at Wynn Las Vegas. The policy gives employees the option of either completing a COVID-19 vaccination or obtaining weekly negative COVID-19 tests.
Moody’s Investors Service has completed a periodic review of Macau’s three U.S. operators, commenting that liquidity is relatively good and their long-term prospects are credit solid despite the hit from Covid.
Wynn Resorts said it was raising fund for general corporate purposes through the sale to the public of 5.5 million shares, with an option for underwriters for an additional 825,000 stocks. It didn't give the offer price, but Wynn's stock is currently trading at $116.99.
Wynn Resorts was upgraded to “Neutral” from “Sell” at Citi due to optimism over the company’s premium mass business in Macau after it reported better-than-expected Q4 results last week.
Wynn Resorts has published its fourth quarter 2020 and full year financial results, headlined by a 58.5 percent year-on-year decrease in operating revenues.
Wynn Resorts has clarified that its withdrawal from the Yokohama IR race at this juncture does not mean that it no longer has interest in the Japan market, and that it could jump into a bid for another candidate site at another time.
Wynn Resorts said it has again featured in Fortune magazine's most admired companies list, appearing in the top five in the hotels, casinos and resorts category.