Wynn Resorts ( (WYNN) ) has shared an announcement.
Wynn Resorts announced a significant increase in its repurchase authorization to $1 billion, reflecting a commitment to return capital to shareholders alongside its regular dividends. The company’s third-quarter 2024 results showed a narrowed net loss compared to the previous year, driven by strong performance in Macau and continuing investments in properties and new developments like the Wynn Al Marjan Island in the UAE. Despite some revenue declines in Las Vegas operations, overall operating revenue saw a slight uptick, indicating a resilient demand across its markets.
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