New England property<\/a> got off to an impressive start when it opened in mid-2019. But it didn’t even notch a year of operation before the coronavirus pandemic hit.<\/p>\nMassachusetts also had some of the longest pandemic-related casino closures in the US, hindering operators’ ability to generate profits there. However, data indicate Wynn could be turning a corner in that state.<\/p>\n
Encore Boston Harbor posted a \u201crecord quarterly EBITDA of $30.4m (23% margin) that beat the consensus (estimate) by 33 percent,” said Macquarie analyst Chad Beynon.<\/p>\n
“Thus far in 2Q, daily EBITDA is up over 30 percent compared to 1Q, as WYNN has rationalized the cost base. We are looking for the property to generate a \u201921 EBITDA of $194m (vs. $23.2m in 2019),<\/strong>\u201d Beynon continued.<\/p>\n","protected":false},"excerpt":{"rendered":"On another dismal day for the broader gaming complex, Wynn Resorts (NASDAQ:WYNN) stock is standing out with a modest gain early Tuesday. The operator is winning praise for encouraging Macau results and the decision to bring its online gaming division public. Upon releasing first-quarter results after the close of US markets yesterday, the Las Vegas-based […]<\/p>\n","protected":false},"author":46,"featured_media":173262,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Wynn Stock Draws Analyst Support on Interactive Deal, Macau Numbers<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n