HomeLifestyleTravel & LeisureWynn Resorts (WYNN) Posts Sales Decline In 2Q Amid Macau Turmoil
Wynn Resorts (WYNN) Posts Sales Decline In 2Q Amid Macau Turmoil

Panelists Dan Wasiolek and Ed Butowsky recap Wynn Resorts' 2Q earnings, as revenue missed estimates amid ongoing weakness in Macau. Butowsky has a target price of $100, as the Las Vegas business is fairing well relative to 2019. But he notes big debt payments in 2024 and 2025 are looming largely. Wasiolek has a $104 fair value estimate on shares, as Macau demand remains anemic but long-term, he remains constructive on the casino operator.

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10 Aug 2022

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