2024.07.18
mgm grand casino spa detroit(Image: Shutterstock)Marc of EDGe Vegas broke the MGM rumors on TwitteMGM Resorts is rumored to be considering increasing its resort fees at three Las Vegas casinos. As for buybacks, Wynn described its methodology there as “opportunistic rather than programmatic.”Betting On Boston, Expansion OpportunitiesEncore Boston Harbor is widely viewed as integral to Wynn Resorts’ efforts to diversify its revenue mix away from Macau. big fish casino real moneyThe venue along the Mystic River has 3,158 slot machines, 143 table games, and 88 poker tables. (Image: Las Vegas Review-Journal).The company made the comments at its annual analyst and investor day held from the recently opened Encore Boston Harbor. Wynn CEO Matt Maddox. coushatta casino starbucks sycuan casino resortmgm casino entry feeNoting that “FCF inflection is imminent,” Wynn said its 2021 discretionary FCF target is .68 billion, or per share. harrah s casino valley center If the company gets anywhere close to a share in FCF, it would likely be good for one of the best marks in the casino industry.As for shareholder rewards, Wynn noted its quarterly dividend has doubled to a share from 50 cents in the fourth quarter of 2017 and that it repurchased 7 million worth of its own stock in the last three months of 2018.The company said it is focusing on “sustainable dividends” and that it will “selectively consider” special payouts. (Image: Las Vegas Review-Journal).The company made the comments at its annual analyst and investor day held from the recently opened Encore Boston Harbor. Wynn also said it sees capital expenditures declining to 5 million by 2021 from .2 billion this year.Looking out to 2021, the gaming company highlighted a number of factors that could affect performance in its three marquee markets: Macau, Las Vegas, and Boston.In Macau, a market that accounted for three-quarters of Wynn’s 2018 operating revenue, the company cites a recovery in its share of VIPs, increased percentage of the mass market, and positive broader economic conditions as potential growth drivers over the next two years. ellis island hotel and casino vegas(Image: Las Vegas Review-Journal).The company made the comments at its annual analyst and investor day held from the recently opened Encore Boston Harbor. It might become more expensive to stay at the Bellagio should MGM Resorts again raise the property’s resort fee. ssued last year, analysts at Moody’s Investors Service said the slot market in the Keystone State is likely already oversaturated. choctaw casino size boomtown casino reno nv job openingsbrian christopher slots moviesWynn CEO Matt Maddox. Wynn Resorts, Ltd. Capital spending for 2021 is forecast at 5 million, all of which appears devoted to general maintenance, according to a slide deck given to analysts and investors.The Encore Boston Harbor owner is also projecting a massive increase in free cash flow (FCF) over the next two years. Noting that “FCF inflection is imminent,” Wynn said its 2021 discretionary FCF target is .68 billion, or per share. harrah s casino valley center If the company gets anywhere close to a share in FCF, it would likely be good for one of the best marks in the casino industry.As for shareholder rewards, Wynn noted its quarterly dividend has doubled to a share from 50 cents in the fourth quarter of 2017 and that it repurchased 7 million worth of its own stock in the last three months of 2018.The company said it is focusing on “sustainable dividends” and that it will “selectively consider” special payouts. Noting that “FCF inflection is imminent,” Wynn said its 2021 discretionary FCF target is .68 billion, or per share. harrah s casino valley center If the company gets anywhere close to a share in FCF, it would likely be good for one of the best marks in the casino industry.As for shareholder rewards, Wynn noted its quarterly dividend has doubled to a share from 50 cents in the fourth quarter of 2017 and that it repurchased 7 million worth of its own stock in the last three months of 2018.The company said it is focusing on “sustainable dividends” and that it will “selectively consider” special payouts. As for buybacks, Wynn described its methodology there as “opportunistic rather than programmatic.”Betting On Boston, Expansion OpportunitiesEncore Boston Harbor is widely viewed as integral to Wynn Resorts’ efforts to diversify its revenue mix away from Macau. is morongo casino pet friendly cache creek casino ca |