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Here's Why I'm Bullish on Wynn Resorts Stock

TheMotleyFool

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Here's Why I'm Bullish on Wynn Resorts Stock: https://g.foolcdn.com/editorial/images/721927/woman-at-slot-machine-gambling.jpg

Reporting fourth-quarter and full-year 2022 earnings earlier this month, Wynn Resorts (NASDAQ: WYNN) enjoyed North American property revenue far beyond the company's own expectations. While the hotel and casino owner faced myriad challenges in 2022, the easing of COVID-19 restrictions in China marks a major turning point for the casino industry.

Let's take a closer look at the company's recent performance and future outlook and see why I'm bullish on this casino stock.

At the Wynn Las Vegas resort, fourth-quarter adjusted property earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) reached a record $219 million, marking an 18% improvement over the same period last year.

Source Fool.com

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