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Fundamental Analysis: WYNN RESORTS LTD (#WYNN)

💡 Wynn Resorts #WYNN is a high-end hotel and casino operator. The company owns a large chain of hotels with gambling tables and slot machines in Macau and Las Vegas. Wynn Resorts' gambling houses are renowned for their impeccable service.

⚡️ Growth factors:

  • In July 2021, it has partnered with the San Carlos Apache Tribe to pursue an online sports betting license in Arizona. This marks the 16th state added to the rapidly growing list of jurisdictions where WynnBET operates or plans to launch.

  • Wynn Resorts, and the Colorado Rockies on Wednesday announced a multi-year partnership. As part of the agreement, WynnBET will be designated as a proud sports betting partner of the Major League Baseball club and have access to a wide range of assets.

  • Restoring the Wynn Resorts business by expanding vaccination coverage and, as a result, increased tourism.

  • Launch of WynnBet, a digital platform for online sports betting in 10 US states. Despite not overly strong recent reporting, Wynn Resorts has received approval from the Virginia Lottery agency in Virginia to launch the app.

  • Restoring the gaming industry in Macau by focusing on the premium and luxury markets.

📖 Financial indicators:

  • Stable Share Price: WYNN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

  • Return vs Market: WYNN underperformed the US Market which returned 41.3% over the past year.

  • High Growth Earnings: WYNN's is expected to become profitable in the next 3 years.

  • Revenue vs Market: WYNN's revenue (19% per year) is forecast to grow faster than the US market (9.4% per year).

  • Debt Coverage: WYNN's operating cash flow is negative, therefore debt is not well covered.

Entry range $ 115.00 - $ 116.00

Target $ 140.00

Stop loss $ 104.00

OTB Global Investments

16 July 2021

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