Wynn Resorts, Companies Reported Strong Results With Increasing Number Of Female Directors

Wynn resorts, companies (Nasdaq:Wynn) reported strong results on Tuesday, beating on the bottom line but missing on the top. Personally, I like what I see at the top and bottom lines for WYNN shares.

Nightmare Macau seem to have come to an end, and it seems to me that the company was back on track. Elaine Wynn restructuring of the Board of Directors, the purpose appears to be wiping allegations of sexual harassment on the shares of wynn to clean any remnants from her ex-husband.

Overall operating income for Wynn stock rose more than 20 percent to 1.72 billion. That came on the back of a 25% increase in casino revenue to $1.24 billion Backing of a massive dispute 464 million for the quarter, operating income was $ 382 million. an increase of more than 50% From last year’s $250 million Net income before income tax amounted to $ 225 million, substantially increased from last year of $ 135 million.

Overall, these figures look pretty damn good to me. However, we want to drill down to make sure nothing to lose.

High Rollers Again

At the level of wynn shares, although the decline in occupancy 160 bps 83.9%, operations in Las Vegas to maintain high prices with the average daily rate increased from $316 to$340, and revpar increased from $271 to $285.

The numbers from Wynn Macau are very encouraging, with revenues up 12% and 16% increase in adjusted EBITDA in property. Casino revenues increased by 10.5%. Table games in VIP turnover increased by 29% to $17 billion. Finally, the high rollers back. Really clean room, saw a 19% higher average daily rate increased by 18%, and Rev par increased by 21.5%.

The numbers are even more blockbusters in Cotai the wynn Palace. Operating income grew by 47%, adjusted ebit property exploded to 89%, casino revenues increased by 51%, VIP table games turnover increased by 39%, room revenue increased by 38%, the ADR increased by 31% and revpar increased by 32%.

Big Changes, Not Fallout

That’s great news.

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Elaine Wynn obviously knew that these numbers were large, and actively make changes in the leadership of the company after the expulsion of Steve Wynn. This is a very tricky move to make, as this should improve the optics in relation to the visitors feelings for Wynn resorts and wynn shares. Her ex went and he sold all his shares in the company.

Elaine Wynn has added three women to the Board of Directors. Betsy Atkins is especially noticeable as it has been in business for over 35 years, primarily from a technological point of view. Wendy Webb is the CEO of Kestrel advisors, a consulting firm, and Walt Disney (Ticker NYSE: DIS) for 20 years.

That is, the former press Secretary of the White house Clinton, Dee Dee Myers, who was obviously chosen for her experience in public relations. In addition, Elaine Wynn is trying to remove another Board member who is perceived to have links that are dangerously close to Steve Wynn.

The bottom line for Wynn stock

I think the goal here is for Elaine Wynn or the company’s position for success in the future with it remaining the largest holder of WYNN stock, and is also exploring a merger or sale to another entity.

Despite this, all the steps that she took, was smart, and the most recent results indicate that business is finally blooming again for Wynn resorts. I believe that Wynn shares have headed higher, and there is as much as 25 pips in the case of a sale.

Lawrence Meyers is the CEO of PDL capital, a specialty lender focusing on consumer loans and a portfolio Manager of liberty for www.thelibertyportfolio.com. He owns shares and calls on Wynne. He has an experience of 23 years in the stock market and has written over 2000 articles about investing. Lawrence Meyers can be reached at[Email protected].

 

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