-------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [27] -------------------------------------------------------------------------------- Yes. Protect yourself and your home with wireless alarm systems. And their user acquisition cost in the U.K. and their LTVs were quite attractive relative to industry standards. And if you look at what's happening in Texas right now, with the various food and beverage outlets, if you look at what's happening on the beaches in Southern California, we're going to have a very safe environment, but we will have an environment that I think a lot of people want to come participate in. So first of all, this — again, this is a business of customer lifetime value and cost per acquisition. All earnings call transcripts. Wynn Resorts Ltd (WYNN) Q3 2018 Earnings Conference Call Transcript | Nasdaq … Tesla and Nio sales loom. There's clear demand for the product that we offer. Thank you. Good question, Felicia. Just curious about that. And it's just going to take time for the market to continue to open, but we feel really good about the current trajectory that's going on there. And the amount of progress that's been made over there has been extraordinary. So closing at 9:30 pm is going to have quite an impact. While these are often difficult decisions, many of the changes we made to achieve these decreases are permanent and will drive operating leverage as business volumes return. Wynn Resorts (WYNN) Q2 2020 Earnings Call Transcript PR Newswire. Lastly, I'll quickly note that our reported EBITDA for our U.S. properties in the first quarter was negatively impacted by a $75.7 million accrual associated with our commitment to pay our domestic team members' full wages and benefits after quarter end from April 1 through May 15. So that's really where we are, and that's -- we're not -- we have not deviated from that plan. Wynn Resorts' (WYNN) CEO Matt Maddox on Q3 2020 Results - Earnings Call Transcript Seeking Alpha 11/6/2020 Wynn Macau, Limited (WYNMY) -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [42] -------------------------------------------------------------------------------- No. When you look at Hengqin Island and how that opens up to Macau and how we become a bigger part of the Greater Bay Area. It's still our plan. And I would think it's hard to tell. I think a lot of the analysts on this call say that, that's roughly $20 billion to $30 billion. So if we're trying to model out, looking into the future, how should we think about the asset, again, assuming that some of those costs will return? And what I've been focused on, along with Craig is we're going to build an amazing product and have a real business opportunity and roll it out. Any employee and any customer that wants the swab test, you can get it, we have on-site. And you did mention some of that relative to Vegas. (2.28% APR). You may disconnect at this time. There's real progress. Finally, in October, we entered into a series of transactions, resulting in the creation of Wynn Interactive through the merger of BetBull, our strategic partner for digital gaming and several Wynn owned entities. And if so, who's doing them? And its’ that upbeat sentiment which has Wall Street’s top analysts selecting stocks as potential winners for the year ahead.And when we say it’s Wall Street’s top analysts making these calls, we mean it. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [29] -------------------------------------------------------------------------------- Yes. Here's how to maximize the Social Security benefits you receive and minimize the taxes you pay on them. Wynn Resorts last announced its earnings data on November 5th, 2020. Ian, what do you think? And so there was a real focus on how to do that. Because that's pretty important, particularly as you get into the higher price points, and it's obviously going -- need to be something that works together with the broader industry out there. So our pricing power, I believe, will help dictate how full we want our property to be. EarningsCast provides the latest company earnings calls, calendar feed and podcast feed. And so I think some of that will come when we're open, and we're going to offset it with expenses. If you’re worried about the stock market correcting, or eventually heading into bear market territory, then you will want to consider the exchange-traded funds (ETF) covered below. Thank you, operator, and good afternoon, everyone. Also on the line are Ian Coughlan, Linda Chen, Ciaran Carruthers, Frederic Luvisutto and Brian Gullbrants. And where does Wynn -- the company fit in? You can see that in our occupancy. So COVID cases are picking up in the U.S., obviously. They're going to be quite public. Great. They will all give you more downside protection than the vast majority of ETFs throughout the ETF universe. It is very important to do your own analysis before making any investment. And there seems to be a really deep collaboration and cooperation with Macau and Guangdong in terms of these health checks and to begin to move in a very reasonable and data-driven way. Semiconductor chips are essential in the digital world, and they cannot be manufactured without input from Ichor’s tools. Thank you for your participation. We had a little bit of cold luck in there, maybe $2 million. We are one of the outliers in our industry or in hospitality in general that have done that. So I think that until it's a commodity, businesses themselves need to work with medical communities to make sure that those are available. That's never been our business. 05:25PM : Wynn Resorts (WYNN) Reports Q2 Loss, Lags Revenue Estimates. But you've also been able to probably optimize Macau a little bit more. It's a couple of million dollars, but we will be able to facilitate thousands and thousands and thousands of saliva-based tests with — that can be distributed throughout the property and turned around within five to six hours, PCR. Our next question comes from Thomas Allen with Morgan Stanley. So we're very encouraged. Yes. Fair enough. The stock has gained as the company’s revenues have gone up. So our EBITDA and EBITDA share, I think we'll be able to get back to the pre COVID levels because we were already very premium mass and premium fly heavy, and that has been the focus of Linda Chen and Candy and our flow of marketing team, and they're doing a very good job there. In fact, looking at October at our sales, they were roughly flat with last year. The Chief Executive in his policy address said that when Macau and the region of Guangdong are stable, that they will look at the process of reopening the border restrictions. Wynn Resorts (WYNN) Q3 2020 Earnings Call Transcript Image source: The Motley Fool. We understand what excites the customer and where the market is, and we are working with the team and the BetBull team that understands that as well as we do. I hope that you are all safe and healthy, likely working from home right now. No, I guess the question was what percentage of the mix was convention and was international as we think about that effectively at zero now, and you're already seeing a pretty healthy recovery in betting and really revenue and EBITDA. -------------------------------------------------------------------------------- Felicia Rae Kantor Hendrix, Barclays Bank PLC, Research Division - MD & Senior Equity Research Analyst [19] -------------------------------------------------------------------------------- Craig, on liquidity, you've given us a decent amount of information. DEEP DIVE (Updates story with year-end closing prices and consensus price targets.) We own 70% of that company now, and they are fully integrated in. As more LDTs are developed, we anticipate that adoption for Saphyr should increase, driving revenue for Bionano.”While the accreditation is the first of its kind in the U.S., in Europe, whole genome clinical tests are already in progress across several applications including inherited genetic disorders and leukemia.The news followed the recent publication of an article which further highlighted Saphyr’s qualities. We saw Chimelong Resort just the stone’s throw from Macau, absolutely packed over the May holiday. But I think the capital market's showed that they were more than happy to embrace us. Compared to the fourth quarter of 2019, our global FTE count has decreased by nearly 7,500 or 30%, and our global payroll and non-variable expenses have declined by nearly $200 million or 34%, leading to consolidated opex per day, inclusive of corporate and exclusive of gaming taxes of $4.8 million compared to $7.6 million in Q4 '19. Thank you, everybody, for joining the call today. At long last, the annus horribilus 2020 is coming to an end, and it’s time to get our portfolios in order for the new year ahead. Wynn Resorts Ltd. (NASDAQ:WYNN) Q4 2018 Earnings Conference Call - Final Transcript Welcome to the Wynn Resorts Fourth Quarter 2018 Earnings Call. We scoured the earth, and we found a company in the U.K. called BetBull. Motley Fool. I think the May holiday has given people a lot of encouragement. Hi. So that's under way. The merging and synchronizing of the 2 health colds for Guangdong and for Macau involved a lot of regional cooperation between government departments that -- they're deep in dialogue about that. WynnBET, our sports betting and online casino application has been live in New Jersey for several months. And then just on Macau. A number of those saves, which are admittedly less than in the U.S. because you're right, labor is less flexible. Table drop was down about 35% in the quarter, and we were down 25%. Our team is doing a great job saving money where we can, being more efficient while protecting the local employment and all of our employees. Aug-04-20 10:29PM : Wynn Resorts Misses Q2 Analyst Estimates, Reports 94.8% Operating Revenue Plunge. We felt that we should invest in our culture right now because it's taken years and years and years to build the best team in the industry. TEXT version of Transcript ===== Corporate Participants ===== * Craig Scott Billings. We seeded the business with $80 million, and we'll deploy marketing spend at scale as long as it continues driving the appropriate customer lifetime value. Win per unit was over $400 on 1,800 unit, I think, $407 compared to $219 million last year. What I'd like to do is spend some time talking about how we've handled this pandemic in the way that we've been thinking about it. -------------------------------------------------------------------------------- Craig Scott Billings, Wynn Resorts, Limited - President, CFO & Treasurer [4] -------------------------------------------------------------------------------- And Carlo, I would just add to that. Great question. We suggested to the Massachusetts Gaming Commission in mid-March that it was time for us to close. It will be underneath the mask, but it'll still radiate through because we're in the business of making people happy. So as an example, in the month of August in Macau, our EBITDA line was negative $40 million because there's very low revenue, and we are carrying our cost. We've been working with our experts and state and local officials on benchmarks to track that should be public and transparent. I'm not sure how long this will last, and I'm not sure how much longer we can continue this practice. And take market share as we open. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [32] -------------------------------------------------------------------------------- I think there's clearly a focus on a safe reopening of the economy. So the team has done a great job, and we'll continue to do that through this and adjust as necessary. Some consumers may be shocked to receive Visa debit cards with stimulus cash in January. -------------------------------------------------------------------------------- Ian Michael Coughlan, Wynn Resorts, Limited - President & Executive Director of Wynn Macau Limited [40] -------------------------------------------------------------------------------- There's no clarity on that right now, Harry. All participants are on listen-only until the question-and-answer session of today’s conference. They've -- like the rest of us, have kept their teams together in anticipation of business picking up. So — and Craig, the detail on the opex by segment was super helpful. And sort of as a follow-up on the same theme. On the customer acquisition side, the brand provides a distinct competitive advantage. (Operator Instructions) This call is being recorded. So I think that's a great point. So we would have access to the bond market at WML. It's been quite a year of contrasts for investors. -------------------------------------------------------------------------------- Carlo Santarelli, Deutsche Bank AG, Research Division - Research Analyst [5] -------------------------------------------------------------------------------- And Craig, of that 45% that's breakeven. And obviously, you're positioned very much at the premium end, but you have to be impacted by what else is going on in the market. In Macau, we've been -- we've remained open in Macau after the closure in the first 2 weeks of February. Our CPAs are quite good, and it's encouraging what we're seeing. Our next question comes from Shaun Kelley from Bank of America. -------------------------------------------------------------------------------- Operator [35] -------------------------------------------------------------------------------- Our next question is from Harry Curtis with Instinet. When you think about, we had 1,800 slot machines opened during this third quarter compared to 3,000 last year and volume was higher on a daily basis. And it just feels like we are — and the market is just going to continue to get better. With that, we will now open up the call to Q&A. And so I think it's a little bit of a different situation there. Over the next two quarters, we anticipate going live in Colorado, Michigan and Indiana. Is it going to survive? With 10 Buy ratings vs 3 Holds received in the last three months, the stock earns a Strong Buy consensus rating. We remain focused on cost discipline in Las Vegas with our opex per day, excluding gaming taxes and excluding the reversal of those performance-based incentive accruals decreasing to $1.8 million per day in Q3 2020 from $3 million per day in Q4, 2019. Buy) rating, suggesting that ZI has room for ~25% growth next year. Wynn Resorts' CEO Discusses Q3 2011 Results - Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Wynn Resorts Ltd. (NASDAQ:WYNN) Q2 2017 Earnings Conference Call - Final Transcript Good afternoon. In fact, the transaction was upsized from $350 million and was approximately 8x oversubscribed. And some of our hosted customers can't wait to come through the door. [Operator instructions] This call is being recorded. Is GE stock a buy right now? The Dow Jones slipped as Senate Minority Leader Chuck Schumer attempted to strike a Covid-19 stimulus check bargain with Republican rival Mitch McConnell. And so they've gone through that process. But their medical community has handled it really as good as has been handled around the globe and should be commended. People are just focused on trying to do what they can and watch the market come back. So we went through our long list of capital projects in Massachusetts, Las Vegas and in Macau. The yoy increase in free cash flow was even more impressive, turning from negative $14 million to a surplus of $38 million.All of this leads RBC's Alex Zukin, the 3 analyst in the TipRanks database, to rate DOCU an Outperform (i.e. Thanks for squeezing me. So we think those opex levels are reflective of the current environment and certainly sustainable for the near term, particularly with the adjusted hours at Encore Las Vegas. And so if you can drive a higher LTV and you can drive a lower CPA, you can scale a business like this, and we intend to do so. You have to understand what the customer wants, you have to build a product to it and you have to scale into that. Pershing Square's stock is also up 82% in 2020, crushing the S&P 500's 15.4% gains. And we're seeing roughly 6,000 people a day come in the building, pre COVID, that number was 18,000. Conference Call Transcript The following Wynn Resorts conference call took place on October 28, 2014, 04:30 PM ET. -------------------------------------------------------------------------------- Matthew Ode Maddox, Wynn Resorts, Limited - CEO & Director [15] -------------------------------------------------------------------------------- Sure. There wasn't a lot to talk about. So we will be rolling out this product in the various markets where we have access, and it's something that we have a lot of focus on. All right. We generated roughly $14 million of EBITDA in October. But Matt, just overall, if you could comment, just -- you mentioned in your prepared remarks, you're talking to a number of CEOs and partners out there. So depending upon what we opened, we would expect to break even at the 50% to 60% occupancy level. And what we saw from February 20 to roughly March 20 after we reopened, was a gradual increase in gaming volumes and particularly led by VIP and Premium segment to the point where our burn went, in a matter of 3 weeks, from $2.5 million a day to $800,000 a day. So there's real consumer — pent-up consumer demand. All participants are on listen-only until the question-and-answer session of today's conference. It's pretty extraordinary. Sure. And then just moving to Boston. So we would anticipate that, as everyone else is, that progress will continue in terms of reopening the borders in a cautious way, resuming tourism in a cautious way. But clearly, our casino customers and our higher-end casino customers are coming frequently. I do think we can retain what we have. In Nevada, our governor has launched a -- the concept of a phased opening. And one of the things that we've done we will finish this year, our own PCR COVID testing lab. And I think for all of the reasons that we've been laying out from our security protocols of checking everyone when they walk in, to our COVID protocols, to all of our restaurants being open. So how do you think -- or how are you thinking about both the sort of the balance of new supply coming back along relative to how you can kind of retain some rate integrity? The women who sued in Manhattan federal court in June 2019 include Roma Torre, a Montclair, New Jersey, resident in her early 60s who was NY1′s first on-air hire when it began its programs in 1992. -------------------------------------------------------------------------------- Craig Scott Billings, Wynn Resorts, Limited - President, CFO & Treasurer [22] -------------------------------------------------------------------------------- The covenant in Macau is at the concessionaire level on a senior secured basis. So the gold standard in terms of testing. That would be helpful in understanding how you're thinking that. Or Linda? Sure. We saw get back to 25% to 30% of its previous levels. And the convention business traditionally was about 30%. The third quarter was up 47% year-over-year, and was the sixth quarter in a row to show sequential gains. And we -- I've personally spoken to the airlines that have lots of lift capacity, in particular, into Las Vegas. -------------------------------------------------------------------------------- Craig Scott Billings, Wynn Resorts, Limited - President, CFO & Treasurer [6] -------------------------------------------------------------------------------- Yes. We want to stay above 0 during this closure because, again, more than half of our revenue was generated at the time when we'll be closed. Returns as of 01/01/2021. So our team — well, so October will not be repeated in November and December. Of course, that compares to revenues that were up a lot more than that, which is why we were EBITDA positive. Similar to Las Vegas, we made a number of operating and staffing adjustments, resulting in daily opex down from Q4 2019 by approximately 40% to approximately $750,000 per day in 3Q, 2020. It's been a very deliberate approach, very thoughtful. It also allowed us, I think, to be -- to act quite fast in the way that we're thinking about a reopening because of the resources we had at hand. And in the U.S., we had total available liquidity of approximately $1.6 billion at the end of April. 11-17 seekingalpha.com - Greetings. Are you seeing any increased level of competition or anything, anyone doing anything irrational? Wynn Resorts (WYNN) Q3 2020 Earnings Call Transcript. It's under construction now it's not a lot of money. And I appreciate that the headcount piece is not particularly negotiable, but there's going to be some mix shift here as it could relate to mass versus VIP and other things. That's clearly a setback for us but it's very temporary. -------------------------------------------------------------------------------- Craig Scott Billings, Wynn Resorts, Limited - President, CFO & Treasurer [2] -------------------------------------------------------------------------------- Thank you, operator, and good afternoon, everyone. Latest Earnings Call / Transcript of Wynn Resorts Ltd (WYNN) Wynn Resorts EPS misses by $1.23, misses on revenue. Q1 2020 Wynn Resorts Ltd Earnings Call LAS VEGAS Jun 14, 2020 (Thomson StreetEvents) -- Edited Transcript of Wynn Resorts Ltd earnings conference call … Can you talk about your current thoughts on how you're opening? We're -- this was a -- just the University Medical Center and Wynn Las Vegas reaching that agreement. The system is being set up and now they're trialing it. And so far, and Craig will talk a little bit more about this. This is down from approximately $3 million in Q4 '19. That's a great question, Shaun. On the testing front, we think a lot about this. As Matt mentioned, when we reopened in February and into March, we got back to 25% to 30% of our Q4 '19 gaming volumes. Just in the extreme case that you did need to access more liquidity, just wondering if you could walk us through the incremental levers you have to pull both in Macau and on the U.S. side. Five female anchors will no longer work at a New York news channel as part of the settlement of an age and gender discrimination lawsuit alleging they were passed over in favor of younger talent, according to statements from the women, their lawyers and the channel. All right. We're working closely with the state officials and the gaming control board here. On the call with me today are Matt Maddox and Marilyn Spiegel in Las Vegas. We're going to be ready, and we'll be the first ones, really probably the first ones in the U.S. to do something like that. In Las Vegas, like I said, we're going to have the ability working with UMC when we open it wins. That means, while we have significantly less staff and approximately 7,400 less staff globally now that we did pre COVID, we are still operating at a 5-star level in Macau and in North America. Is there a big difference in terms of the premium mass, looking at it versus a year ago in terms of minimum bet, length of time, it's ability to move around between your Peninsula Hotel property and your Cotai property. So we are not actively thinking about M&A right now. So to me, it seems like every 2 weeks, there's progress. And that's what we're in the early stages of doing in New Jersey. And our team has really learned how to be a super regional operator. In Macau, where we drew down our revolving credit facility in February, we had approximately $1.8 billion of available liquidity as of April 30. But there was a clear focus on how to reopen the economy and to start moving in that direction. Cumulative Growth of a $10,000 Investment in Stock Advisor, Wynn Resorts (WYNN) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $WYNN. (See ZI stock analysis on TipRanks)Ichor Holdings (ICHR)Next up is a holding company, whose subsidiaries design, engineer, and manufacture gas and chemical fluid delivery systems essential in a variety of industries. Wynn Resorts (WYNN) Q2 2020 Earnings Call Transcript. -------------------------------------------------------------------------------- Operator [9] -------------------------------------------------------------------------------- Next question is from Joe Greff with JP Morgan. These are the stock experts with the most recommendations on file, the best success rate, and the highest average return. And I believe that, that will definitely be the segment that comes back first in Macau. 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