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Wynn Resorts' (WYNN) Unveils Online Offerings in West Virginia

Wynn Resorts, Limited WYNN WynnBET recently announced the launch of its online casino and sports betting platform in West Virginia. Notably, this marks the 11th state of its online gaming footprint expansion.

Available on IOS and Android platforms WynnBET offers a user-friendly sports betting experience with an extensive array of games including classic casino games, live dealer blackjack and roulette, video poker, and Keno.

The initiative also involves the integration of Wynn Rewards, allowing members to redeem their gameplay for experiences at Wynn Resorts' properties nationwide.

WYNN is strengthening its position in the online sports betting category with current availability in Arizona, Colorado, Indiana, Louisiana, Massachusetts, Michigan, New Jersey, New York, Tennessee, Virginia. In addition to being a marketing partner of various NFL clubs, WynnBET is an authorized gaming operator for the NBA, MLB, and NASCAR.

The company tends to remain bullish on the back of its ultra-intuitive and highly-responsive interface offerings that are likely to boost customer experiences. The business claimed to be processing several pending licence applications.

Price Performance

Zacks Investment Research
Zacks Investment Research


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Shares of Wynn Resorts have gained 80.7% in the past year compared with the industry’s 33.5% growth. The company is benefiting from improved non-gaming revenues and expansion in domestic markets. Also, the emphasis on strategic investments and sports betting expansion bode well. It is focused on introducing innovative non-gaming investments that drive increased tourism and strong shareholder returns. Attributes such as strong pipeline of forward group demand, continued rooms pricing power and a robust programming calendar are likely to aid the company in the upcoming periods. Earnings estimates for 2023 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.

Zacks Rank & Key Picks

Wynn Resorts currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Zacks Consumer Discretionary sector are as follows:

Royal Caribbean Cruises Ltd. RCL sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 26.4%, on average. Shares of RCL have surged 133.3% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Royal Caribbean Cruises’ 2023 sales and EPS indicates a rise of 48.5% and 162.5%, respectively, from the year-ago period’s levels.

Trip.com Group Limited TCOM sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 147.9%, on average. Shares of TCOM have increased 47.4% in the past year.

The Zacks Consensus Estimate for Trip.com Group’s 2023 sales and EPS implies an increase of 102.2% and 334.5%, respectively, from the year-ago period’s levels.

Skechers U.S.A., Inc. SKX sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 18.8%, on average. Shares of SKX have increased 33.5% in the past year.

The Zacks Consensus Estimate for Skechers U.S.A.’s 2023 sales and EPS suggests a rise of 7.7% and 31.5%, respectively, from the year-ago period’s levels.

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Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report

Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report

Wynn Resorts, Limited (WYNN) : Free Stock Analysis Report

Trip.com Group Limited Sponsored ADR (TCOM) : Free Stock Analysis Report

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Zacks Investment Research