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    Wynn Resorts (WYNN) Posts Sales Decline In 2Q Amid Macau Turmoil

    Wynn Resorts (WYNN) Posts Sales Decline In 2Q Amid Macau Turmoil

    FromSchwab Network

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    Wynn Resorts (WYNN) Posts Sales Decline In 2Q Amid Macau Turmoil

    FromSchwab Network

    ratings:
    Length:
    8 minutes
    Released:
    Aug 10, 2022
    Format:
    Podcast episode

    Description

    Panelists Dan Wasiolek and Ed Butowsky recap Wynn Resorts' 2Q earnings, as revenue missed estimates amid ongoing weakness in Macau. Butowsky has a target price of $100, as the Las Vegas business is fairing well relative to 2019. But he notes big debt payments in 2024 and 2025 are looming largely. Wasiolek has a $104 fair value estimate on shares, as Macau demand remains anemic but long-term, he remains constructive on the casino operator.
    Released:
    Aug 10, 2022
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.