Investors stand to pocket a 44% gain should the analyst's thesis play out. On the CapEx front, we have postponed the Wynn Las Vegas room remodel, which was slated to begin in June conserving approximately $170 million of cash and liquidity. Obviously, you saw strength -- relative strength in the VIP and the premium segments in that period in February and March. Gross gaming revenue per day in October was approximately 33% Q4 2019, with premium mass strengthening into the later portion of the month. But I think the capital market's showed that they were more than happy to embrace us. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [37] -------------------------------------------------------------------------------- I'll start with this and then turn it over to Ian. And so we have the -- we think we have the ability to do that to the extent that we need to. It's the Director for Global Health Security from Georgetown University. So more than half of our revenue is generated between — at night. Both our properties are niche luxury products that are completely geared for premium mass and VIP, and we've really benefited from that. And we were back to roughly 25% of our volumes in the fourth quarter. 5 Years From Now, You’ll Probably Wish You’d Grabbed This Stock. And how does that inform you of the opportunity in sports betting versus potentially interactive gaming? We're a very strong casino brand. (To watch Bolton’s track record, click here)Like Bolton, Wall Street is picking ICHR as a long-term winner. Sure. What's going to happen to it? We're beginning to continue — not beginning. -------------------------------------------------------------------------------- David Brian Katz, Jefferies LLC, Research Division - MD and Senior Equity Analyst of Gaming, Lodging & Leisure [48] -------------------------------------------------------------------------------- Look, I think you've given an awful lot of detail. It's currently till May 31. I think you saw us access the market just last month. They're the next stage of the testing process. Two questions. Ichor is best known for its contributions to the semiconductor industry’s capital equipment, where its gas module and chemical process subsystems make up a substantial portion of each chip’s cost. Wynn Resorts Ltd (WYNN) Q3 2018 Earnings Conference Call Transcript | Nasdaq … Wynn Las Vegas Named Best Hotel In Las Vegas By Travel + Leisure Magazine; Exclusive Vacation Package Invites Guests To Join The Celebration PR Newswire. In Macau -- because the government has done a very good job there. As he also mentioned, upon reopening in late February, our normalized EBITDA burn rate improved to approximately $800,000 per day in March. We generated roughly $14 million of EBITDA in October. So we already have access to 25% of that, and we're in very active dialogue, definitive documentation, in many cases, on seven additional states, which represents another one-third of that market. So we would have access to the bond market at WML. Or Linda? I am also very happy that we're in the business of the premium in high-end, which requires less people and more revenue. I'm not sure how long this will last, and I'm not sure how much longer we can continue this practice. Cumulative Growth of a $10,000 Investment in Stock Advisor, Wynn Resorts (WYNN) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $WYNN. We suggested to the Massachusetts Gaming Commission in mid-March that it was time for us to close. What do you think the authorities are waiting for, particularly given the opening of Chimelong and the fact that there haven't been any cases in -- of COVID in Macau for weeks? After the surprising 2020 stock market rally, here are key lessons for 2021. In fact, the transaction was upsized from $350 million and was approximately 8x oversubscribed. Ian, do you have any thoughts on that? Q2 2019 Wynn Resorts Ltd Earnings Call. But whether it's VIP or premium mass lead, we feel like the snapback will be pretty quick. The Chief Executive in his policy address said that when Macau and the region of Guangdong are stable, that they will look at the process of reopening the border restrictions. Q1 2018 Wynn Resorts Limited Earnings Conference Call . The election is settled, except for the Georgia Senate runoffs, but no matter how those turn out the overall results is known: a closely divided government, without a clear mandate for sweeping legislation. We also obtained a covenant waiver for our U.S. credit facility, further increasing our financial flexibility. And then if I could, just one follow-up for either of you. -------------------------------------------------------------------------------- Joseph Richard Greff, JP Morgan Chase & Co, Research Division - MD [10] -------------------------------------------------------------------------------- Matt, the first question relates to Macau. And Matt, you said that you thought that the curfew would be short-lived. I don't know at what pace, but the overall mood, attitude and trajectory is quite good. I don't know at what speed. DEEP DIVE (Updates story with year-end closing prices and consensus price targets.) But clearly, our casino customers and our higher-end casino customers are coming frequently. -------------------------------------------------------------------------------- Operator [52] -------------------------------------------------------------------------------- This concludes today's call. So we're just seeing more business. Wynn Resorts (NASDAQ: WYNN)Q3 2020 Earnings CallNov 05, 2020, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to the Wynn Resorts third-quarter 2020 earnings call. So there's some behind the scenes work that needs to happen. And then based on the benchmarks and the data, I believe we'll continue to see, in Phase 2, openings of additional businesses and potentially opening of our business in late May. Pershing Square's stock is also up 82% in 2020, crushing the S&P 500's 15.4% gains. Thank you. As we think about the impact of the curfew, what does your customer mix usually look like at night versus during the day? So we're continuing to be optimistic about what's going to happen in Macau as the cautious reopening of the border continues. With 10 Buy ratings vs 3 Holds received in the last three months, the stock earns a Strong Buy consensus rating. Wynn Resorts (NASDAQ: WYNN)Q3 2020 Earnings CallNov 05, 2020, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to the Wynn Resorts third-quarter 2020 earnings call. In Las Vegas, like I said, we're going to have the ability working with UMC when we open it wins. The following Wynn Resorts conference call took place on October 15, 2015, 04:30 PM ET. The women who sued in Manhattan federal court in June 2019 include Roma Torre, a Montclair, New Jersey, resident in her early 60s who was NY1′s first on-air hire when it began its programs in 1992. And what we are optimistic about in Macau is the way that everything has been handled there, it doesn't appear to be one step forward, one step backward, one step forward. It is very important to do your own analysis before making any investment. And I'm sure, over time, there could be other funding sources, but only on our terms. All earnings call transcripts. And customer lifetime value and cost per acquisition have to make sense in order to deploy marketing spend. This article is a transcript of this conference call produced for The Motley Fool. And the amount of progress that's been made over there has been extraordinary. And on that, I think that there's been tremendous progress in terms of testing and testing capacity, hundreds and hundreds of thousands of tests likely will be performed over the next couple of weeks on a daily basis. OK. So in terms of database overlap, I mean that's not going to be enough to scale any digital sports betting business, to be honest. They've had a very progressive development over the last 2 weeks. And he just went public with what he predicts will be his next big winner. At a $276.46 average price target, analysts see ~22% upside potential in store for DocuSign. There's been a lot going on in the gaming world concerning sports betting, and in particular, online sports betting. Earnings in the third quarter were up an impressive 53% year-over-year. And we actually closed our resorts in Las Vegas in advance of the state declaration to close. But again, that is assuming that we stay in line with the benchmarks and that the environment is safe for customers and for all of our employees. As we talked about on the last call, we are not going to sacrifice our brand or our culture to make an extra few dollars here or there. The street was anticipating revenue of $1.6 billion and adjusted earnings of $1.44 per share. When you think about the VIP environment and the premium mass environment, if you look over the next one to two to three years, relative to 2019, how would you characterize your expectations for the mix of those two segments within the GGR channels? We feel very, very good about our position, in particular, on the premium mass side, over the next couple of years. So this is Marilyn. We're working closely with the state officials and the gaming control board here. I mean we do see demand, and we see the leisure market coming back, the drive in market for sure, the casino customers, the value-oriented ones. That would be helpful in understanding how you're thinking that. So there's real consumer — pent-up consumer demand. But we've also been focusing on making sure that we continue to breakeven or make money. Upon the closure of casino operations in Macau in February as Matt just alluded to, we announced an expected daily OpEx burn rate in Macau of $2.5 million. We're going to finish that. Just kind of going back to the trends they saw in Macau in October and month-to-date. Adding to the good news, its $40 average price target puts the upside potential at ~32%. And where does Wynn -- the company fit in? So -- which really measures the amount of tests that are being conducted in an area. Just kind of what kind of impact do you think the curfew might have on the property? And some of our hosted customers can't wait to come through the door. So we will continue. The government of Massachusetts has done a terrific job, throughout all of this, managing this from Governor Baker to the Massachusetts Gaming Commission. The third quarter was up 47% year-over-year, and was the sixth quarter in a row to show sequential gains. At least there was the stock market. It's still our plan. The top line rose 29% between Q1 and Q3, with the third quarter number hitting $382.9 million. Wynn Palace revenue grew $8.3 million; Wynn Macau saw $3.2 million growth and Las Vegas Operations rebounded with $22.6 million increase in sales. It will be finished this year. 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So how do you think -- or how are you thinking about both the sort of the balance of new supply coming back along relative to how you can kind of retain some rate integrity? OK. You can create your customized portfolio podcast by signing up, get earnings webcast and EPS alerts. When you look at Hengqin Island and how that opens up to Macau and how we become a bigger part of the Greater Bay Area. Employees are being very compliant in terms of wearing mask and what they need to be doing and hand sanitization. We have 150 people inside Wynn Interactive and we've begun our U.S. rollout. (Operator Instructions) This call is being recorded. And then switching over to Las Vegas. But there was a clear focus on how to reopen the economy and to start moving in that direction. We've always been focused on the premium end. So that's really where we are, and that's -- we're not -- we have not deviated from that plan. And the convention business traditionally was about 30%. Latest Earnings Call / Transcript of Wynn Resorts Ltd (WYNN) Wynn Resorts EPS misses by $1.23, misses on revenue. But what I know is when we do reopen, in whatever state that is in Las Vegas and in Massachusetts that I want our team members to have smiles on their face. There are people that want to come. Lastly, I'll quickly note that our reported EBITDA for our U.S. properties in the first quarter was negatively impacted by a $75.7 million accrual associated with our commitment to pay our domestic team members' full wages and benefits after quarter end from April 1 through May 15. GE's turnaround is winning over more believers on Wall Street, and the Boeing 737 Max has returned to service soon. Wynn Resorts (WYNN) Q3 2020 Earnings Call Transcript. In Macau, as we laid out for all of you on the first quarter call, during the closure, we were roughly between $2.2 million and $2.6 million a day of burn. Sure. As more LDTs are developed, we anticipate that adoption for Saphyr should increase, driving revenue for Bionano.”While the accreditation is the first of its kind in the U.S., in Europe, whole genome clinical tests are already in progress across several applications including inherited genetic disorders and leukemia.The news followed the recent publication of an article which further highlighted Saphyr’s qualities. And it's just going to take time for the market to continue to open, but we feel really good about the current trajectory that's going on there. WYNN earnings call for the period ending December 31, 2018. We'll talk to you next time. Welcome to the Wynn Resort third-quarter 2014 earnings call. In terms of you said convention business international? The merging and synchronizing of the 2 health colds for Guangdong and for Macau involved a lot of regional cooperation between government departments that -- they're deep in dialogue about that. And so we're working through that. Moving to North America. Over the next two quarters, we anticipate going live in Colorado, Michigan and Indiana. Thomas Allen -- Morgan Stanley -- Analyst. With sensitivity rates and the 98% specificity rates over 99%. The Yahoo Mobile Phone brings you more Yahoo than ever. If you’re worried about the stock market correcting, or eventually heading into bear market territory, then you will want to consider the exchange-traded funds (ETF) covered below. So our pricing power, I believe, will help dictate how full we want our property to be. Clearly, it's changing. And what I've been focused on, along with Craig is we're going to build an amazing product and have a real business opportunity and roll it out. ET. The first stage was allowing teachers and students based in Zhuhai, who live in Zhuhai and come over to Macau to attend school and teachers, to work. Check out 25 stocks in buy zones. Clearly, it will be smaller even as we come through this than it was before, but it's still very real. We're going to be ready, and we'll be the first ones, really probably the first ones in the U.S. to do something like that. -------------------------------------------------------------------------------- Felicia Rae Kantor Hendrix, Barclays Bank PLC, Research Division - MD & Senior Equity Research Analyst [19] -------------------------------------------------------------------------------- Craig, on liquidity, you've given us a decent amount of information. We have proximity to China. Our next question comes from Shaun Kelley from Bank of America. The settlement of the lawsuit was announced by the women, their lawyers and by NY1. In terms of the type of player, their wallet size, their length of stay, the biggest noticeable factor has been their length of stay. We've been working with our experts and state and local officials on benchmarks to track that should be public and transparent. So that's really our strategic goal right now. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [13] -------------------------------------------------------------------------------- And Ian, I think just to clarify. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [49] -------------------------------------------------------------------------------- That's something that I think about and we think about every day, which is why we've continued to encourage phased openings and watch the data. August 5, 2020. (To watch Bracelin’s track record, click here)Overall, there are 9 recent reviews on record for ZoomInfo and all are Buys – making the analyst consensus rating a unanimous Strong Buy. So the gold standard in terms of testing. I believe it will continue to consolidate with some of the largest operators, and we will continue to participate in it. Just maybe for Matt or Craig, as we think about Macau, a little bit longer term, and you're starting to see this rebounding trajectory. He’s pinpointed 23 recommendations that went on to soar 1,000% or more. We're -- this was a -- just the University Medical Center and Wynn Las Vegas reaching that agreement. And so if you can drive a higher LTV and you can drive a lower CPA, you can scale a business like this, and we intend to do so. I'd like to start with a few points on liquidity and operating expenses. (To watch Zukin’s track record click here)Backing his stance, Zukin writes, “[The] Beats go on as DOCU delivered another very strong quarter of acceleration on every metric... What is even more impressive in our minds is that this is being driven almost entirely by an acceleration of the core e-signature business with the company being confident that it is still very modestly penetrated in its TAM (which has expanded significantly) that they can maintain growth above pre-pandemic levels in a post-pandemic world…” Similarly, other Wall Street analysts like what they’re seeing. From 2015 to 2017, Ackman's fund lost about 30% of its NAV and lagged the S&P 500 by about 60%. So we believe we can maintain the momentum that we have, and then when you layer group and convention back on, on top of an opex base that is lower than it has historically been, it's a pretty good recipe for operating leverage. We're seeing new domestic customers that we've never seen before that previously were lifers at some of our competitors. Thanks, Matt. And so we need to make sure that our teams are prepared for that and that we can learn as we go. Our CPAs are quite good, and it's encouraging what we're seeing. So first of all, this — again, this is a business of customer lifetime value and cost per acquisition. Sure. In Macau, we had approximately $2.2 billion of available liquidity as of October 31. And then we have to watch the data from all the communities around us and what's going on. Sure. Wynn Resorts (WYNN) Q3 2020 Earnings Call Transcript WYNN earnings call for the period ending September 30, 2020. There's clear demand for the product that we offer. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [24] -------------------------------------------------------------------------------- Felicia, it's Matt. There is none. -------------------------------------------------------------------------------- Carlo Santarelli, Deutsche Bank AG, Research Division - Research Analyst [7] -------------------------------------------------------------------------------- Great. On the call with me today are Matt Maddox and Marilyn Spiegel in Las Vegas. Thank you, operator, and good afternoon, everyone. -------------------------------------------------------------------------------- Thomas Glassbrooke Allen, Morgan Stanley, Research Division - Senior Analyst [33] -------------------------------------------------------------------------------- Okay. -------------------------------------------------------------------------------- Shaun Clisby Kelley, BofA Merrill Lynch, Research Division - MD [26] -------------------------------------------------------------------------------- And just wanted to pass along my sentiments and thanks for also just keeping all of the employees on the payroll. Norbert, one of the founders of Bwin is in that sub equity. And that's particularly true in the U.S., where I think we're actually running our businesses differently while maintaining the appropriate level of brand standards. All earnings call transcripts on Wynn Resorts, Limited (WYNN) stock. With things shut, does that give you an opportunity to get a head start on or accelerate your room remodel plan? Or do you think that when some of the junket pieces recover in particular and given the product that you could still do OK there? And you did mention some of that relative to Vegas. EPS, at 45 cents per share, was up 28% yoy.Among the fans is Needham's Quinn Bolton, who's ranked 2 on Wall Street, according to TipRanks.“[We] believe Ichor's fundamentals remain strong… we expect the offering will enable ICHR to pursue meaningful accretive M&A that should strengthen its market position, accelerate revenue growth and provide for vertical integration and higher gross margin over time. How to -- testing is continuing to be a real point of focus. I think that there's continued disagreement between the airlines and TSA on temperature checks, which is kind of a logistical problem as to how are they going to do them? Here's what'll be new when you sit down to do your 2020 taxes in the new year. But I would have seen that as we get into a more normalized environment, some of those costs will return. At the onset of the outbreak of the virus in both Asia and the U.S., we took immediate and decisive action to bolster our global liquidity position, maximize our financial flexibility and preserve cash. Operators are focused on it. And is there a big difference in the recovery, whether it's on the Peninsula or on Cotai as well? And I think everybody is anticipating us building business very nicely. Wynn Resorts Q1 2020 earnings call dated May 06, 2020. I think that during these times, there's usually transactions that are out there, and there could be some really interesting assets that could come up that I think everybody will be watching. -------------------------------------------------------------------------------- Craig Scott Billings, Wynn Resorts, Limited - President, CFO & Treasurer [20] -------------------------------------------------------------------------------- Sure. -------------------------------------------------------------------------------- Craig Scott Billings, Wynn Resorts, Limited - President, CFO & Treasurer [4] -------------------------------------------------------------------------------- And Carlo, I would just add to that. Extra Money in Your Bank Account? And one of the things that we've done we will finish this year, our own PCR COVID testing lab. On the call with me today our Matt Maddox in Las Vegas; and on the phone line, Marilyn Spiegel; Ian Coughlan; Linda Chen; Ciaran Carruthers; Frederic Luvisutto; and Brian Gullbrants. Carlo Santarelli -- Deutsche Bank -- Analyst. They have clearly had a much more difficult time than Nevada has given the high amount of cases and deaths there. We're seeing higher end customers, not a lot, but we're seeing that we are gaining share on that front. Hi. And Joe, it's Matt. And if so, who's doing them? That means, while we have significantly less staff and approximately 7,400 less staff globally now that we did pre COVID, we are still operating at a 5-star level in Macau and in North America. Own the wrong S&P 500 stocks and you lose billions, but huge gains were there for the taking, too. And that's where we are and feel very good that while currently, Wynn interactive does roughly $20 million in revenue. Here’s Where We Think You Should Invest. I alluded — actually, I stated in my prepared remarks, that opex came back about a little over 10% in October relative to the $2 million per day that we experienced in Q3, which was reflective of some of that variable expense coming back as players came back but a reasonable chunk of what they've done will provide margin enhancements over time. As an example, I believe we were one of the first companies in the nation, not just in our industry, but in the nation, to produce a detailed reopening plan. So we went from 10% of our normal visitor volumes, up to almost 30%. So we have ample room to add liquidity to the extent we need it, though, again, I don't anticipate we will. To this end, Bolton rates the stock a Buy, and his $40 price target implies a one-year upside of 32%. 08/01/18: Add Links to Pages. 04/24/18: Add Links to Pages. We spent approximately $49 million in project costs in the group space at Wynn Las Vegas in Q4 '19, taking … The second U.S. stimulus payments could arrive soon. And so I think it's a little bit of a different situation there. We are well positioned to bridge the current period of uncertainty and to thrive operationally and strategically during the recovery period. It also allowed us, I think, to be -- to act quite fast in the way that we're thinking about a reopening because of the resources we had at hand. If you look at what's going on in Beijing and Shanghai, the -- go back to work and resume production campaign that has been launched, there's a lot of activity. And if there are other good ideas, we will implement them. But what we're going to do is think about it incrementally, watch it. And it just feels like we are — and the market is just going to continue to get better. So COVID cases are picking up in the U.S., obviously. Semiconductor Stocks To Buy And Watch Ahead Of Q4 Earnings Season. We don't have any answers right now on how much we'll be loaning to our junkets. But based on my conversations, it's been fairly short term because trying to predict what demand will be 60 or 90 days from now is almost impossible, given it's the speed of the information in the economy that we're all learning every day. Is GE Stock A Buy In 2021 As New Pattern Forms Amid Bullishness On Turnaround? MotleyFool 7h: Wynn Resorts (WYNN) Reports Q3 Loss, Misses Revenue Estimates. EarningsCast provides the latest company earnings calls, calendar feed and podcast feed. And in fact, we in -- Las Vegas, has signed a partnership with the University Medical Center, the research hospital in Las Vegas, whereby any of our employees can get tested for COVID-19. Where should you invest $1,000 right now? And we knew that we needed to be early and to make that move. Please go ahead. Wynn Resorts last announced its earnings data on November 5th, 2020. Is GE stock a buy right now? Does that concern you at all? Macao Casinos Gambling Revenue Plunges a Worse-Than-Expected 70%, Why Investors Are Rolling the Dice With Casinos Today, Wynn Resorts Misses Even Analysts' Subdued Expectations for Q3, Macao Casinos May Soon Put Their Woes Behind Them, Copyright, Trademark and Patent Information. We made an investment in that period in February and March of cases and deaths there will definitely the... October are continuing into November 2018, 4:30 p.m finish this year 228 million in,. Five stores in Macau, 2014, 04:30 PM ET, RevPAR was up 8 % 30... In hospitality in general that have lots of Resorts around we obviously have a much difficult. Obviously, you 've obviously operated our own PCR COVID testing lab taxes... Great job, and Craig, you walked through some of those costs will return Seeking... 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