Wynn Resorts (WYNN) PT Raised to $233 at Citi Following 1Q

Wynn Resorts, Limited Reports First Quarter 2018 Results

LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2018. The results reflect the Companys adoption of the new revenue recognition standard ("ASC 606"), effective January 1, 2018. Certain prior period amounts have been reclassified to reflect the full retrospective adoption of ASC 606, with no impact on operating income, net income or Adjusted Property EBITDA (1).

Operating revenues were $1.72 billion for the first quarter of 2018, an increase of 20.5%, or $291.8 million, from $1.42 billion for the same period of 2017. The increase was the result of increases of $213.5 million, $65.5... More

Wynn Resorts Responds to Recent Elaine Wynn Shareholder Letter

LAS VEGAS, April 23, 2018 /PRNewswire/ -- The Company is continuing the positive momentum that has accompanied its recent initiatives and is focused on the future.  The Board is working in an orderly fashion to refresh its composition, with three new experienced and distinguished directors being named last week.  The Board intends to continue its work.

Wynn Resorts Co-Founder and Largest Shareholder Elaine P. Wynn Urges Shareholders to Withhold Votes from Legacy Director Nominee John J. Hagenbuch

LAS VEGAS, April 23, 2018 /PRNewswire/ -- Elaine Wynn, co-founder and the largest shareholder of Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts," "Wynn," the "Company"), today filed preliminary proxy materials with the Securities and Exchange Commission and released a letter addressed to all shareholders urging that they join her in WITHHOLDING votes from Wynn director candidate John J. Hagenbuch, who is up for re-election at Wynn's Annual Meeting scheduled for Wednesday, May 16, 2018, in Las Vegas, Nevada.

A copy of the letter follows:

April 23, 2018

Dear Fellow Wynn Resorts... More