The Culinary Workers Union has declared a strike with the Formula One racing in Las Vegas just around the corner.
The stock, however, may experience some volatility due to a one-off incident. Investors expect Wynn to report an earnings beat, following its industry peers MGM Resorts International MGM, Caesars Entertainment CZR and Las Vegas Sands LVS. The report indicated a 316% year-over-year increase in Macau gross gaming revenue for the first ten months of 2023 with the return of live performances and industry conferences in the region, boosting hotel occupancy.Īnalysts expect Wynn to report 78 cents in EPS and $1.58 billion in revenue for the quarter.
Q3 Analysts' Focus: Analysts’ focus will be on the company’s revenue from Macau, given the Macau Gaming Inspection and Coordination Bureau’s recent report.