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Craig Billings - 3 Wynn - 1 — - 1 we're - 1 management's - 1 Wynn Al - 1 There's - 1 annualized - 1
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Search resuls for: "Craig Billings"


8 mentions found


☆ Wynn Resorts CEO: The market had expectations of a Macao recovery that didn't pan out this quarter
  + stars: | 2023-11-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWynn Resorts CEO: The market had expectations of a Macao recovery that didn't pan out this quarterWynn Resorts CEO Craig Billings joins 'Squawk on the Street' to discuss what happened in Wynn's quarterly earnings results, whether the recovery is intact in Macao, and how Wynn's hotel pricing shapes up in the coming months.
Persons: Craig Billings Organizations: Wynn Resorts Locations: Macao
☆ The market unfairly docks Wynn after a strong quarter. But we see a buying opportunity
  + stars: | 2023-11-09 | by ( Jeff Marks | ) www.cnbc.com   time to read: +8 min
But investor concerns over an unevenness to the Macao recovery sparked selling in afterhours trading, sending Wynn stock down more than 5% — and creating a potential buying opportunity. Despite these positives, Thursday evening's sell-off brought Wynn stock to about $40 below the level at which was trading in 2019. However, the company's two properties in the region – Wynn Palace and Wynn Macao – are not enjoying an equal pace of recovery. In the third quarter of 2023, Wynn Macao generated about $78 million in profits, which when annualized is only $312 million. The weakness at Wynn Macao has the market concerned Thursday about a loss of market share.
Persons: Wynn, —, we're, management's, Wynn Al, There's, annualized, Craig Billings, Jim Cramer's, WYNN, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, WYNN, LSEG, Wynn Macao, Wynn, United Arab Emirates, Vegas, Management, Prix, NFL, Wynn Interactive, CNBC, Bloomberg, Getty Locations: Las, Macao, China, Las Vegas, Boston, Wynn Al Marjan, EBITDAR, Wynn Macao, Vegas, RevPar
☆ UAE gambling: New regulatory body introduced to oversee commercial gaming
  + stars: | 2023-09-07 | by ( Aimee Look Mostafa Salem | Aimee Look | Mostafa Salem | ) edition.cnn.com   time to read: +3 min
The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.
Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore
☆ This casino stock can jump 30% as Macao market recovers despite macro headwinds, Barclays says
  + stars: | 2023-05-17 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Wynn Resorts has more to gain as a recovery in its Macao properties continues, according to Barclays. It also hiked its price target on the stock to $135 from $120. Despite the already strong gain for the stock, analyst Brandt Montour thinks the casino operator remains "under appreciated by the market." And the company's Las Vegas business remains strong, Montour noted. CEO Craig Billings said during the company's first-quarter earnings call earlier this month that Wynn Las Vegas had a record adjusted net EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring or rent costs) of $232 million.
☆ Stocks making the biggest moves after hours: Airbnb, Twilio, Rivian, Occidental Petroleum and more
  + stars: | 2023-05-09 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
The company posted a slight beat on revenue. Rivian — The electric vehicle stock gained more than 5% in extended trading. Rivian reported a narrower-than-expected loss and revenue beat Wall Street's expectations. Toast — The cloud-based restaurant software vendor popped 7.4% in extended trading. The company reported an adjusted loss of 47 cents a share.
☆ Wynn Resorts delivers the quarter we've been waiting for, bolstered by China
  + stars: | 2023-05-09 | by ( Jeff Marks | ) www.cnbc.com   time to read: +7 min
Wynn Resorts (WYNN) delivered a much better-than-expected first quarter Wednesday, with the casino. It appears the miss could be attributed to individual wealthy gamblers frequenting Wynn Palace at the expense of Wynn Macao, which historically is more exposed to groups and tours. Las Vegas Wynn Las Vegas continues to post big results, generating an all-time record adjusted EBITDAR of $231.6 million. There may be a lot of talk out there about a pullback in consumer spending, but it isn't showing up at Wynn Las Vegas. On a hold normalized basis, Wynn Las Vegas' EBITDAR margins expanded 300 basis points year-over-year and 1,400 basis points from the first quarter of 2019.
☆ All-weather stocks that can outperform in any economic 'landing,' according to Evercore ISI
  + stars: | 2023-03-06 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
As investors weigh the possibility of a U.S. recession or a soft landing, there are certain stocks that should outperform in either scenario, according to Evercore ISI. However, Evercore ISI is among those on Wall Street that have a base-case scenario of a recession in the second half of the year. The other is what he calls " valmentum stocks " — value stocks with momentum — that have high free-cash-flow yield and strong earnings-per-share momentum, he added. Booking Holdings is one of Evercore ISI's valmentum stocks and could rally about 15% from Friday's close, according to the firm's price target of $3,000. Wynn is up more than 40% year to date, while Las Vegas Sands stock has gained more than 26%.
☆ Wynn CEO on consumer outlook, return of Macao and a casino in the Middle East
  + stars: | 2023-02-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWynn CEO on consumer outlook, return of Macao and a casino in the Middle EastCraig Billings, Wynn Resorts CEO, joins 'Halftime Report' to discuss the company's earnings and consumer outlook.
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