Wynn Resorts (WYNN) delivered impressive second-quarter results on Wednesday, including higher profit margins out of a resurgent China — the linchpin of our investment thesis.
Combined adjusted property EBITDAR in for North American properties was also a second quarter record.
So, the higher the table game win rate, the more cash Wynn is holding onto and recording as revenue.
Las Vegas The win rate in Las Vegas was in line with management's expectations, though down from a year ago.
Wynn Interactive Wynn continues to take a disciplined cost approach to its digital gaming platform.
Persons:
—, We're, Wynn, Wynn Interactive Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Bob Henry
Organizations:
Wynn Resorts, WYNN, Refinitiv, North, Management, Wynn, Las Vegas, Wynn Interactive, CNBC, Universal, Getty
Locations:
China, Macau, North American, United States, Las Vegas, Boston, Wynn Macau