Alright, let’s talk Wynn Resorts (WYNN, $66.10 as of April 8, 2025). On April 4, 2025, 10% owner Tilman Fertitta decided to bet big and added 400,000 shares at $69.68 per share, shelling out $27.87 million. Fertitta is the man behind Landry’s, the Houston Rockets, and a vast empire of restaurants from Morton's The Steakhouse to Rainforest Cafe and many more. To say he knows how to make money would be an understatement. And now, he’s backing Wynn Resorts. If he’s putting his chips in, should you? 💰🏨

The Fertitta Factor: A Big Bet on Wynn
As of February 2025, Tilman Fertitta's net worth is a whopping $10.8 billion, landing him at No. 99 on the Forbes 400 list. Forbes even calls him the "World's Richest Restaurateur.” And he isn’t alone in believing in Wynn Resorts. Insiders own 21.56% of the company, and institutions hold a whopping 86.45% of the float. That’s a lot of confidence from the pros. So, what’s the deal with Wynn’s financials? Well, let’s dive in.

Wynn’s Recent Financials – It’s Not a Jackpot, But It’s Steady 🎰
Straight from the earnings report, Wynn posted $1.84 billion in operating revenues for Q4 of 2024, about the same as Q4 2023. However, net income dropped from $729.2 million in 2023 to $277.0 million in 2024. Despite the dip, they still managed a diluted net income per share of $2.29, compared to $6.19 in 2023. But hey, it’s not all bad news!

Highlights 📊

• Revenue Growth: For the full year of 2024, operating revenues grew by $596.1 million to $7.13 billion, thanks to strong performances in Macau and Las Vegas.

• Cash Flow: Wynn’s cash and equivalents hit a solid $2.43 billion, though they have a hefty $10.54 billion in debt.

• Shareholder Love: They’re trying to keep shareholders happy with a dividend yield of 1.51% and a $200 million stock repurchase program. 💵

Looking Ahead: Wynn’s Plans for Global Domination (Well, Almost) 🌍
Wynn is expanding! They’ve got plans in the UAE, with the Wynn Al Marjan Island project, set to open in 2027. Plus, they’ve thrown their hat in the ring for a $12 billion proposal for one of New York’s coveted casino licenses. Talk about leveling up! 🎮

But here’s the kicker—Wynn’s future looks bright, but not without a little caution. Their debt profile isn’t exactly pristine, and while the stock’s P/E ratio of 15.20 is not crazy high, it’s not a bargain either. Still, with a potential game-changer like the New York casino bid, the company could see some nice upside. 🤷♂️

So, Should You Bet on Wynn? 🎲
Wynn Resorts seems to be on solid ground, but not exactly on a fast track to skyrocket. The stock isn’t too expensive, but it’s not a steal either. With growth opportunities in the UAE and New York, Wynn Resorts has significant potential ahead. However, risks remain, especially with the company's substantial debt load and the uncertain economic and geopolitical landscape. In today’s bearish market, Wynn’s relative stability might be a safe play—but don’t expect fireworks just yet.

Risks to Keep in Mind ⚠️

1. Debt: $10.54 billion in debt could limit flexibility.

2. Revenue Decline: While the company remains profitable, revenue growth deceleration seems like a recurrent concern.

3. Competition: The casino industry is competitive, and any economic downturns can affect demand.

Final Thoughts: Wynn May Not Be the Jackpot You’re Looking For 💰
So, should you take a gamble on Wynn Resorts? If you're into steady growth, moderate risk, and a potential boost from global expansion, it might just be your bet. But, don't go all-in without a bit of caution—it's not exactly a moonshot.

As always, do your research, and remember to gamble responsibly—this isn't Vegas, after all! 🎲🚫

Disclaimer: Do not take any investment advice from us, especially if you expect us to be the next Warren Buffett. Always consult your financial advisor, who may not be the next Warren Buffett either. (And if things go south, don’t blame us!) 🤪