secwatch.observer — SEC 8-K summary
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Issuer:     WYNN RESORTS LTD (WYNN)
CIK:        0001174922
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001174922-25-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wynn Resorts Q1 2025: Revenue $1.70B (-8.7%), EPS $0.69 vs $1.30, Macau VIP weak
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- Operating revenues $1.70B, down $162.5M YoY; net income $72.7M vs $144.2M.
- Adjusted net income $113.1M ($1.07 diluted) vs $176.8M ($1.59) a year ago.
- Macau VIP win at Wynn Palace 2.61% and Wynn Macau 1.09%, both below expected 3.1%-3.4% range.
- Las Vegas revenue $625.3M, EBITDAR $223.4M vs $246.3M; Encore Boston Harbor EBITDAR $57.5M vs $63.1M.
- Board declared $0.25/share dividend, payable May 30; repurchased $200M stock in Q1 (2.36M shares at $84.76).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174922/000117492225000083/0001174922-25-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174922/000117492225000083/wynn-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001174922-25-000083

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