Wynn Resorts Limited (WYNN) Stock

Moody's indicated that the casino operator's credit rating might improve.

WYNN is concentrating on expanding in the UAE and launching new projects in Macau, which is promising. However, rising operating costs are a worry.

The drop in Wynn shares following the disappointing third-quarter results presents a chance to purchase undervalued assets. The reported figures for the third quarter show only slight decreases, which align with the stock's historical trading behavior. The main focus has always been on the company's resilience and high-quality assets.

Billionaire Tilman Fertitta has raised his ownership in Wynn Resorts to 9.9%, as stated in a report to the Securities and Exchange Commission. The report suggests that his position is passive, but several sources close to the situation have informed CNBC that they believe Fertitta will be assertive.

Wynn Resorts (WYNN) saw its stock drop on Tuesday after the hotel and casino company reported third-quarter results that fell short of what analysts expected, mainly due to a slowdown in its Las Vegas operations.

WYNN's results for the third quarter of 2024 show strong demand for its resorts, even though costs are high.

WYNN's results for the third quarter of 2024 are expected to improve due to a rise in the number of visitors and higher demand, particularly in Las Vegas and Macau.

In addition to looking at analysts' estimates for Wynn's overall revenue and profit, it's important to assess predictions for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

Wynn Resorts, Limited (NASDAQ: WYNN) has announced that it will share its financial results for the third quarter, which ended on September 30, 2024, after the market closes on Monday, November 4, 2024. A conference call will take place at 1:30 p.m. PT (4:30 p.m. ET) and can be listened to live on their website under the "Company Information" section. Those interested can also join by calling (888) 455-5965 for domestic calls or (773) 799-3869 for international callers.