📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Wynn Resorts

 

Buy Wynn Resorts stocks

WYNN RESORTS (WYNN) Stocks

ABOUT WYNN RESORTS

? Wynn Resorts, Limited, a developer, owner and operator of high-end hotels and casinos, was incorporated on June 3, 2002 and has its headquarters in Las Vegas Strip (Paradise), Nevada in the United States.

The company develops, owns and operates destination casino resorts that integrate a range of amenities such as accommodation, dining outlets, retail offerings, meeting complexes and entertainment theaters.

The company’s story began in 2000 when Steve Wynn sold Mirage Resorts to MGM Grand after having led Mirage and its predecessors since 1973.

Wynn Resorts made its initial public offering (IPO) on NASDAQ in 2002 and opened its first project, Wynn Las Vegas, in 2005. Other projects quickly followed, such as Wynn Macau that opened in 2006 and its extension, Encore that broke ground in April, 2006.

As of 2018, the company has developed five properties and is in the process of building a sixth.

Wynn Resorts, Limited owns and operates Wynn Las Vegas and Encore in Las Vegas, Nevada and Wynn Macau and the Wynn Palace in Macau, People’s Republic of China.

The company boasts more Forbes Travel Guide Five Stars than any other hotel company in the world. Today, the company employs approximately 25 000 people across its operations.

You might also like: WHIRLPOOL STOCKS

HISTORY OF WYNN RESORTS

  • Wynn Resorts, Limited conducts its operations through two segments: Macau Operations and Las Vegas Operations. The Macau Operations include Wynn Macau and Wynn Palace, as well as Encore (an expansion at Wynn Macau). Las Vegas Operations comprise Wynn Las Vegas and Encore (an expansion at Wynn Las Vegas).
  • The company is also developing Wynn Boston Harbor, an integrated casino resort in Everett, Massachusetts.
  • The company’s Macau operations comprise about 284,000 square feet of casino space at Wynn Macau, and 420,000 square feet of casino space at Wynn Palace.
  • Wynn Macau also includes two hotel towers comprising of 1 008 rooms and eight food and beverage outlets. It also features 57,000 square feet of retail space.
  • Wynn Palace features a luxury hotel with about 1 706 guest rooms, suites and villas, 10 food and beverage outlets, and 105, 000 square feet of retail space.
  • Las Vegas Operations include Wynn Las Vegas that occupies about 215 acres of land fronting the Las Vegas Strip. The company owns approximately 18 acres across Sands Avenue.
  • Wynn Las Vegas features 189,000 square feet of casino space, two luxury hotel towers with a total of 4, 748 guest rooms, suites and villas, 33 food and beverage outlets and about 99,000 square feet of high-end retail space.

VISION & VALUES OF WYNN RESORTS

  • Wynn Resorts, Limited’s culture is founded on the concept of compassion. The company cares about its guests, employees and stakeholders. The Wynn team strives at all times to provide the very best in hospitality and service.
  • The company recognizes cultural diversity, as amazing things happen when people from different worlds and views work with each other to attain a common goal. Its business ethos is inclusive, welcoming and supportive.
  • This approach enables the company to maintain growth and adds value for shareholders who purchase company shares.

MARKET PERFORMANCE OF WYNN RESORTS

  • Wynn Resorts, Limited trades on the New York Stock Exchange (NYSE) under the stock symbol “WYNN”. The company is an S&P 500 component.
  • For the first quarter 2019, the company recorded operating revenue of USUS Dollar 1.65 billion and adjusted property EBITDA of USUS Dollar 494.8 million.

You might also like: WEYERHAEUSER STOCKS

LATEST NEWS WYNN RESORTS

Buy WYNN RESORTS stocks / shares – A Step by Step Guide how to Buy / Purchase WYNN RESORTS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy WYNN RESORTS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN WYNN RESORTS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE WYNN RESORTS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of WYNN RESORTS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy WYNN RESORTS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : WESTROCK STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

OvalX – Account Types

  OvalX does not offer different account types, and traders at all levels and depositing amounts of all sizes, are offered CFD trading accounts. OvalX

EuroFinance Review

  Overall, EuroFinance offers traders an Individual Live Standard Trading Account that can be used on all three of their trading platforms.EuroFinance does not charge

10 Best Forex Brokers in Botswana

  The Top 10 Best Forex Brokers in Botswana revealed. We have rated and reviewed the best Forex Brokers accepting Batswana Traders.   This is a

XM Review

  Overall, XM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ trading instruments. XM is