secwatch.observer — SEC 8-K summary
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Issuer:     WYNN RESORTS LTD (WYNN)
CIK:        0001174922
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001174922-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wynn Resorts Q4 2022 net income $32.4M, North American properties hit record EBITDAR
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- Q4 2022 operating revenues were $1.00B, down $48.2M from Q4 2021, while net income attributable swung to $32.4M from a loss of $177.2M.
- Adjusted Property EBITDAR rose to $195.1M from $149.1M; Las Vegas Operations and Encore Boston Harbor set a new Q4 record for combined North American EBITDAR.
- Wynn Palace and Wynn Macau reported revenue declines of $80.9M and $54.5M respectively; Macau operations received a new 10-year gaming concession.
- In December 2022, closed the Encore Boston Harbor sale-leaseback, receiving $1.7B in proceeds with initial annual rent of $100M.
- During 2022, the company repurchased 2,956,331 shares for $171.3M; cash and equivalents totaled $3.65B as of Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174922/000117492223000023/0001174922-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174922/000117492223000023/wynn-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001174922-23-000023

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