secwatch.observer — SEC 8-K summary
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Issuer:     WYNN RESORTS LTD (WYNN)
CIK:        0001174922
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001174922-23-000104
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wynn Resorts Q1 revenues $1.42B, net income $12.3M; reinstates $0.25 quarterly dividend
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- Operating revenues $1.42B, up 49% YoY from $953.3M; net income $12.3M vs net loss $183.3M.
- Adjusted Property EBITDAR $429.7M (+142% YoY); all resorts profitable for first time in three years.
- Dividend of $0.25 per share reinstated, payable June 6 to holders of record May 23.
- Las Vegas Operations record Adjusted Property EBITDAR of $231.6M; Macau operations rebound with Wynn Palace EBITDAR $111.1M.
- Cash and equivalents $3.84B; total debt $12.25B; completed $600M note offering and convertible bond issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174922/000117492223000104/0001174922-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174922/000117492223000104/wynn-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001174922-23-000104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer